Tahoe Resources Mails and Files Meeting Materials in Connection with the Proposed Plan of Arrangement to Create the World’s Premier Silver Mining Company

Press Release

December 06, 2018

VANCOUVER, British Columbia–Tahoe Resources Inc. (“Tahoe”) (TSX: THO; NYSE: TAHO) announced today that it has filed and mailed materials for the special meeting of Tahoe shareholders (the “Special Meeting”) to be held in connection with the proposed plan of arrangement with Pan American Silver Corp. (“Pan American”), as previously announced on November 14, 2018.

The Arrangement

At the Special Meeting, Tahoe shareholders will be asked to consider and vote upon a proposed plan of arrangement (the “Arrangement”). Upon completion of the Arrangement, Tahoe shareholders may elect to receive, in exchange for each Tahoe share held, either US$3.40 in cash or 0.2403Pan American shares, subject in each case to proration based on a maximum cash consideration of US$275 million and a maximum of 56,074,675Pan American shares to be issued. In addition, under the Arrangement, Tahoe shareholders will receive consideration in the form of contingent value rights, which will be exchanged for 0.0497 Pan American shares for each Tahoe share, payable upon first commercial shipment of concentrate following restart of operations at Tahoe’s Escobal mine.

Your vote is important regardless of the number of shares you own. As a shareholder, it is very important that you read the Information Circular and related materials with respect to the Special Meeting (the “Meeting Materials”) carefully and then vote your Tahoe shares. You are eligible to vote your Tahoe shares if you were a shareholder of record at the close of business on November 29, 2018. You may vote in person at the Special Meeting or by proxy. The Meeting Materials are available under Tahoe’s profile on SEDAR at www.sedar.com and on Tahoe’s website at http://www.tahoeresources.com/investors/pan-american-transaction.

The Tahoe Board of Directors UNANIMOUSLY recommends that Shareholders vote IN FAVOUR of the Arrangement

Reasons and Benefits of the Arrangement:

In evaluating the Arrangement and unanimously reaching their conclusion and making their recommendations in support of the Arrangement, the Tahoe Board considered the benefits and advantages resulting from the Arrangement, including, among others:

• Significant Premium to Tahoe Shareholders
• Meaningful Participation in the World’s Largest Publicly-Traded Silver Company by Free Float
• Tahoe Shareholders Retain Exposure to the Restart of the Escobal Mine
• Participation in the Diversified Portfolio of the Combined Company
• Stronger Financial Position and Balance Sheet Strength
• Addresses Cash Flow and Financial Liquidity Risk and Other Considerations Resulting from the Extended Shutdown of the Escobal Mine
• Strong Proven Management Team

Tahoe Meeting:

The Special Meeting will be held on Tuesday, January 8, 2019 at 11:00am PT/2:00pm ET, at Royal Centre, 1055 West Georgia Street, Suite 1500, Vancouver, British Columbia, where Tahoe shareholders will be asked to consider and vote on the Arrangement.

YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY

Shareholder Questions and Assistance

If you have any questions or require assistance voting your Tahoe shares, please contact our proxy solicitation agent, Laurel Hill Advisory Group, at +1-877-452-7184 toll-free in North America, or call collect outside North America at +1-416-304-0211, or by e-mail at assistance@laurelhill.com.

About Tahoe Resources Inc.

Tahoe Resources is a mid-tier precious metals company with a diverse portfolio of mines and projects in Canada, Guatemala and Peru. Tahoe is led by experienced mining professionals dedicated to creating sustainable value for all of its stakeholders through responsible mining. The company is listed on the TSX (“THO”) and NYSE (“TAHO”) and is a member of the S&P/TSX Composite, the TSX Global Mining indices and the Russell 2000 on the NYSE.

For further information, please contact:
Alexandra Barrows, Vice President Investor Relations
Tahoe Resources
investors@tahoeresources.com
+1-775-448-5812

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