Mr. Ross Beaty reports

PAN AMERICAN SILVER ANNOUNCES RESULTS OF ANNUAL SHAREHOLDER MEETING

Pan American Silver Corp. has released the voting results from its annual general and special meeting of shareholders held on Monday, May 13, 2013, in Vancouver, B.C.

In total, 108,743,712 shares were represented at the meeting, being 71.82 per cent of the company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditors for the ensuing year and the authorization of the directors to fix the remuneration payable to the auditors, the acceptance of the company's approach to executive compensation, otherwise known as say on pay, and the election of management's nominees as directors.

Director voting

Detailed results of the ballot vote for the election of directors are provided in the accompanying table.

Director nominee                Votes for      Votes withheld 
 
Ross Beaty              76,247,869 (95.36%)   3,708,943 (4.64%)
Geoffrey A. Burns       76,746,078 (95.98%)   3,210,734 (4.02%)
Michael Carroll         79,366,867 (99.26%)     589,945 (0.74%) 
Christopher Noel Dunn   76,498,199 (95.67%)   3,458,613 (4.33%)
Neil de Gelder          76,718,219 (95.95%)   3,238,593 (4.05%)
Robert Pirooz           75,063,994 (93.88%)   4,892,818 (6.12%)
David C. Press          79,390,713 (99.29%)     566,100 (0.71%) 
Walter Segsworth        77,731,343 (97.22%)   2,225,470 (2.78%)

Say-on-pay voting

Detailed results of the ballot vote for the advisory resolution on the company's approach to executive compensation are provided in the accompanying table.

Resolution                                            Votes for       Votes against
  
Advisory resolution approving the company's 
approach to executive compensation            75,609,241 (94.58%)   4,332,881 (5.42%)