Western Metallica Shareholders Approve Director Elections and Strategic Initiatives at Annual Meeting]

Western Metallica Shareholders Approve Director Elections and Strategic Initiatives at Annual Meeting]

TORONTO — Western Metallica Resources Corp. (TSXV: WMS) announced the results of its Annual General and Special Meeting of Shareholders held on June 25, 2026.

Over 12% of the Company’s shares were represented at the Meeting.

Board of Director Election Results

Detailed voting results for the election of Directors are as follows:

Shareholders also approved the appointment of McGovern Hurley LLP as the Company’s auditors. Additionally, disinterested shareholders reapproved an omnibus incentive plan, pursuant to which the Company may issue restrictive share units and stock options to eligible participants, subject to receipt of all required approvals, including the TSXV. A name change resolution was also approved, allowing the board to implement a new corporate name.

Share Consolidation Approved

Shareholders passed a special resolution authorizing the directors to implement a share consolidation at a ratio of one (1) post-consolidation common share for each three (3) pre-consolidation shares. Subject to TSXV approval, the Board may execute the consolidation at any time before June 25, 2027.

Debt Settlement Resolution

Shareholders approved a debt settlement resolution allowing the issuance of shares in satisfaction of debt obligations, subject to TSXV approval and compliance with regulatory policies.

Company Overview

Western Metallica is a British Columbia company with its head office in Toronto, Ontario. The Company focuses on mineral resource exploration and development, with its principal asset being the 100% owned Penedela Gold Property in the “Navelgas Gold Belt” in Asturias, Spain. Western Metallica also holds interests in two additional Spanish gold projects in the Navelgas Gold Belt—Valledor and Sierra Alta—as well as the Nueva Celti project in Andalucia.

Forward-Looking Statements

This press release contains forward-looking statements. Actual results may differ materially due to various risks and uncertainties. The Company undertakes no obligation to update these statements except as required by law.

About Western Metallica Resources Corp.

For investor inquiries, contact gduras@westernmetallica.com

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