Silver Bear Provides Shareholder Meeting Results

TORONTO--(BUSINESS WIRE)--Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) announces the voting results of its annual general and special meeting (the “Meeting”) held today in Moscow, Russia. A total of 592,185,048 ordinary shares were voted in connection with the Meeting, representing approximately 87.8% of the issued and outstanding ordinary shares of the Company eligible to vote at the Meeting. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedar.com.

Matter Voted On^(1)	Votes FOR		Votes Withheld		Non-Votes
	Number	%	Number	%
Ordinary Resolution 1 – Receiving the Financial Statements of the Corporation	587,344,307	100	5,200	0	4,835,541
Ordinary Resolution 2 – Re--appointing Auditors	590,876,438	99.98	126,638	0.02	1,181,972
Ordinary Resolution 3 – Approving Auditors’ Remuneration	587,343,557	100	5,950	0	4,835,541
Ordinary Resolution 4 - Electing Dominic Gualtieri as a director of the Corporation	587,198,457	99.97	151,050	0.03	4,835,541
Ordinary Resolution 5 – Re-electing Vadim Ilchuk as a director of the Corporation	587,199,457	99.97	151,450	0.03	4,835,541
Ordinary Resolution 6 – Re-electing Maxim Matveev as a director of the Corporation	587,198,057	99.97	151,050	0.03	4,835,541
Ordinary Resolution 7 – Re-electing Alexey Sotskov as a director of the Corporation	587,199,057	99.97	150,450	0.03	4,835,541
Ordinary Resolution 8 – Re-electing Christopher Westdal as a director of the Corporation	587,198,457	99.97	151,050	0.03	4,835,541
Ordinary Resolution 9 – Authorising the allotment of shares of the Corporation	587,294,807	99.99	54,700	0.01	4,835,541
Ordinary Resolution 10 – Approving the Issuance of Shares for Debt ^(2)	585,434,852	99.99	48,700	0.01	4,835,541
Special Resolution 11 – Approving the disapplication of pre-emptive rights	587,200,207	99.97	149,300	0.03	4,835,541

Note:

1. Voting on all Resolutions at the Meeting was conducted by a show of hands. The voting results on these matters represent the proxy votes entitled to vote at the Meeting.
2. Voting on Resolution 10 at the Meeting represented the disinterested shareholders voting results.

About Silver Bear

Silver Bear (TSX: SBR) is focused on the development of its wholly-owned Mangazeisky Silver Project, covering a licence area of approximately 570 km² that includes the high-grade Vertikalny deposit (amongst the highest- grade silver deposits in the world), located 400 km north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April 2018, the Company attained first silver production as a result of commissioning activities, at this time the Company is working toward achieving full commercial production in 2019. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Company’s website at www.silverbearresources.com.