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Silver One Resources Inc
Symbol SVE
Shares Issued 65,916,643
Close 2016-09-23 C$ 1.09
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Silver One shareholders elect five directors at AGSM

2016-09-26 11:15 ET - News Release

Mr. Greg Crowe reports

SILVER ONE RESOURCES INC. ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Silver One Resources Inc. has released the results of the company's annual general and special meeting held on Sept. 23, 2016.

Shareholders voted in favour of all items put forward by the board of directors. Shareholders set the number of directors at five and approved the appointment of Greg Crowe, Luke Norman, Barry Girling, Claudia Tornquist and Raul Diaz Unzueta to the board of directors. Ms. Tornquist and Mr. Diaz are newly appointed directors, and Robert McMorran did not stand for re-election as a director of the company. The biographies of Ms. Tornquist and Mr. Diaz are set forth in a news release dated Aug. 22, 2016. The company wishes to thank Mr. McMorran for his services as a director of the company.

Ms. Tornquist is an independent consultant in the metals and mining sector, and a director of Kennady Diamonds and Dunnedin Ventures. She previously served as executive vice-president of business development at Sandstorm Gold, and as general manager at Rio Tinto, where she held a number of roles in business evaluation, mergers and acquisitions, strategy and business development over nine years. Ms. Tornquist has a master's degree in mechanical engineering from the Technical University of Munich and a master of business administration from INSEAD.

Mr. Diaz is an exploration geologist with 35 years of experience, much of it with Penoles, where he discovered several mines including the Mezcala/Bermejal deposit, part of Goldcorp's Los Filos operation in Mexico, and Capajorco in Peru. He also spearheaded Penoles's internationalization by opening and managing the Peruvian subsidiary until 1999. He has served as vice-president of exploration and director of First Mining Finance, a successor company of Sundance Minerals Ltd., which he co-founded in 2008. Mr. Diaz received a geological engineering degree from the University of Mexico and masters' degrees from the University of Arizona and Cleveland State University.

Shareholders also approved the adoption of the company's rolling 10-per-cent stock option plan and adopted a new set of articles to include, among other things, an advance notice policy. The purpose of the advance notice policy is to provide a clear process for the shareholders, directors and management to follow when nominating directors of the company. Such a policy will ensure that shareholders receive adequate notice of director nominations and sufficient information regarding all director nominees, and to allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

The advance notice policy, among other things, includes a provision that requires advance notice to the company in certain circumstances where nominations of persons for election to the board of directors are made by shareholders of the company. This advance notice policy also sets a deadline by which director nominations must be submitted to the company prior to any annual general or special meeting of the shareholders, and also sets out the required information that must be included in the notice to the company. No person will be eligible for election as a director of the company unless nominated in accordance with the advance notice policy.

In the case of an annual meeting of shareholders, notice to the company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting, provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

We seek Safe Harbor.

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