Ms. Siren Fisekci reports

PAN AMERICAN SILVER ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Pan American Silver Corp. has released the voting results from its annual general and special meeting of shareholders, held on May 8, 2024, in Vancouver, B.C. Each of the matters voted upon at the meeting is described in detail in the company's management information circular dated March 14, 2024, which is available on the company's website.

A total of 239,393,813 common shares were represented at the meeting, being 65.65 per cent of the company's issued and outstanding common shares as at the record date. Shareholders voted in favour of all matters brought before the meeting, including setting the number of directors at nine, the election of management's nominees as directors, the appointment of an auditor for the ensuing year and the acceptance of the company's approach to executive compensation, known as say on pay.

Walter Segsworth and Alexander Davidson did not stand for re-election at the meeting. The board and Pan American would like to thank Mr. Segsworth for his wisdom and expertise over his 15-year tenure as a director of the company and to thank Mr. Davidson for his contributions to the company since his election in May, 2023.

About Pan American Silver Corp.

Pan American Silver is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. It also owns the Escobal mine in Guatemala that is currently not operating, and it holds interests in exploration and development projects. It has been operating in the Americas for three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. It is headquartered in Vancouver, B.C., and its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol PAAS.