ACLARA REPORTS ON VOTING RESULTS FROM THE 2023 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

ACLARA REPORTS ON VOTING RESULTS FROM THE 2023 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

The Annual General and Special Meeting of Shareholders (the " Meeting ") of Aclara Resources Inc. (" Aclara " or the " Company ") (TSX: ARA) was held today in Toronto Ontario.  Each of the matters voted upon at the Meeting is discussed in detail in the Company's management information circular dated April 3, 2023 (the " Circular "), which can be found under the Company's profile on SEDAR at www.sedar.com .

Aclara Resources Inc. Logo (CNW Group/Aclara Resources Inc.)

The total number of votes cast by shareholders of the Company in person and by proxy at the Meeting was 116,084,228 votes, representing 71.12%.  Each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes. These matters included the election of directors, the appointment of the auditor and the approval of certain amendments to the Omnibus Long-Term Incentive Plan (the " LTIP "), the full text of which is set out in Appendix A of the Circular. The voting results are detailed below:

1.  Election of Directors

Name of Nominee


Votes FOR


%


Votes WITHHELD


%

Eduardo Hochschild


104,811,204


95.36


4,518,489


4.13


Ramon Barua


105,349,211


96.36


3,980,482


3.64


Paul Adams


109,249,590


99.93


80,103


0.07


Ignacio Bustamante


105,338,725


96.35


3,990,968


3.65


Catharine Farrow


109,302,025


99.97


27,668


0.03


Maria Recart


109,308,742


99.98


20,951


0.02


Sanjay Sarma


109,245,388


99.92


84,305


0.08


Nicolás Hochschild


105,271,591


96.29


4,058,102


3.71



2.  Appointment of Auditor

Name of Auditor


Votes FOR


%


Votes WITHHELD


%

EY Servicios Profesionales de Auditoría y Asesorías SpA


116,016,538


99.94


67,690


0.06


3.  Approval of Amendments to the Omnibus Long-Term Incentive Plan

Approval of LTIP Amendments


Votes FOR


%


Votes AGAINST


%



102,105,423


93.39


7,224,270


6.61


The Company has filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR at www.sedar.com .

About Aclara

Aclara is a development-stage rare earth mineral resources company located in Chile . Aclara is initiating the development of its resources through a project called the Penco Module (the " Penco Module "), which covers a surface area of approximately 600 hectares and which has ionic clays that are rich in rare earth elements. Aclara is currently focused on the development and on the future construction and operation of the Penco Module, which will aim to produce a rare earth concentrate through a processing plant that will be fed by clays from nearby deposits. Aclara's unique extraction process offers several advantages such as: no blasting, crushing or milling required; no tailings dam; minimal water consumption due to a high level of water recirculation; amenable leaching with a fertilizer; and no radioactivity.

SOURCE Aclara Resources Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2023/03/c4609.html

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Product or service names mentioned herein may be the trademarks of their respective owners.

To learn more, visit: https://www.aclara-re.com/

SOURCE Toronto Stock Exchange

MEDIA CONTACT:
Ramon Barua
Chief Executive Officer
investorrelations@aclara-re.com

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