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Alexco Reports Voting Results from Annual General Meeting

Press Release

June 9, 2022 ‑ Alexco Resource Corp. (NYSE American/TSX: AXU) (“Alexco” or the “Company”) announces the results of matters voted upon at its Annual General Meeting (the “Meeting”) of shareholders held earlier today.

A total of 80,882,091 votes were cast, representing 49.7% of the issued and outstanding common shares as of the record date for the Meeting. All nominated directors were elected with voting results tabulated as follows:

Nominee Votes For Percentage Votes Withheld Percentage
Clynton R. Nauman 55,643,707 97.8% 1,280,833 2.2%
Elaine Sanders 55,708,185 97.9% 1,216,355 2.1%
Karen McMaster 55,728,067 97.9% 1,196,473 2.1%
Richard N. Zimmer 55,626,632 97.7% 1,297,908 2.3%
Rick Van Nieuwenhuyse 47,221,696 83.0% 9,702,844 17.0%
Terry Krepiakevich 55,269,969 97.1% 1,654,571 2.9%

Shareholders also voted 96.0% in favour of the approval of certain amendments to the Corporation’s stock option plan (the “Plan”) and all unallocated awards under the Plan and 98.9% in favour to set the number of directors at six. In addition, PricewaterhouseCoopers LLP, Chartered Professional Accountants, were re-appointed as auditors with 99.1% voting support.

About Alexco

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada’s Yukon Territory, one of the highest-grade silver mines in the world. Alexco started concentrate production and shipments in 2021 and is currently advancing Keno Hill toward steady state production. Upon reaching commercial production, Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation’s mineral resources through successful exploration.

Contact

Clynton R. Nauman, Chairman and Chief Executive Officer
Rajni Bala, Investor Relations and Communications Lead
Phone: (778) 945 6577
Email: [email protected]

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