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 10, 2023, 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 17, 2023, which is available on the company's website.

A total of 135,458,670 common shares were represented at the meeting, being 64.30 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 11, the election of management's nominees as directors, the appointment of auditor for the ensuing year, the acceptance of the company's approach to executive compensation, known as say-on-pay, and increasing the number of common shares that Pan American is authorized to issue.

Newly elected directors and retirement of Michael Carroll

Pan American would like to welcome the following new members who were elected to the company's board of directors: Chantal Gosselin, John Begeman, Alexander Davidson and Kimberly Keating. These individuals have a wealth of experience and expertise, and the company believes that they will be excellent additions to the board.

Mr. Carroll, who is a valued and long-serving member of the board, did not stand for re-election. Among his many contributions, Mr. Carroll served as the chair of the audit committee since 2011. The board and Pan American thank Mr. Carroll for his outstanding service over the years.

About Pan American Silver Corp.

Pan American is a leading producer of precious metals in the Americas, operating silver and gold mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil. The company also owns the Escobal mine in Guatemala that is currently not operating, and it holds interests in exploration and development projects, including the Minera Agua Rica Alumbrera (MARA) project in Argentina. Pan American has been operating in the Americas for nearly 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 New York Stock Exchange and the Toronto Stock Exchange under the symbol PAAS.