Silver Hammer, Stroud Shareholders Approve Amalgamation

Silver Hammer Mining Corp. and Stroud Resources Ltd. have announced the overwhelming approval of the amalgamation of the two companies, along with SilverMark Resources Inc., to form Silver Frontier Resources Corp. This significant corporate move was supported by shareholders at the annual and special meetings of both companies.

At the Silver Hammer meeting, a total of 43,864,154 common shares were represented, accounting for approximately 31.35% of the Company's issued and outstanding shares as of the record date. The re-election of directors Peter A. Ball, Alnesh Mohan, Donald J. Birak, and Michael Willett received strong support, with Ball being re-elected with 99.50% of the votes FOR. The resolution approving the amalgamations received 96.88% FOR, and the Contingent Value Share Resolution was approved with 96.76% FOR, demonstrating strong backing for the proposed transactions.

The governance matters also garnered significant support. The resolution to set the number of directors at four was approved with 97.90% FOR, the appointment of Manning Elliott LLP as the Company's auditor was approved with 98.89% FOR, and the Company's 2026 Omnibus Equity Incentive Compensation Plan was approved with 93.99% FOR. Conditional upon the completion of the amalgamations, the number of resulting issuer directors was fixed at six, with Peter A. Ball receiving 99.35% FOR, Jeff Kennedy 99.31% FOR, Dr. Scott Jobin-Bevans 99.20% FOR, Conor O'Brien 99.32% FOR, Donald J. Birak 99.29% FOR, and Michael Willett 99.15% FOR.

At the Stroud meeting, a total of 43,923,830 common shares were represented, representing approximately 69.037% of the 63,623,199 Stroud common shares issued and outstanding as of the close of business on August 25, 2026, the record date for the Stroud meeting. All four nominees proposed by management were elected as directors of Stroud, with Mirsad Jakubovic receiving 99.351% FOR, William J. (Jeff) Kennedy receiving 99.999% FOR, Dr. Scott Jobin-Bevans receiving 99.352% FOR, and Conor O'Brien receiving 99.998% FOR. The special resolution approving the amalgamation of Stroud with a wholly-owned subsidiary of Silver Hammer was approved with 99.999% of the votes cast FOR (43,923,378 votes), and the minority approval was also achieved with 99.993% of the votes cast FOR (6,349,935 votes).

These approvals mark a significant step towards the completion of the amalgamations, which remain subject to certain other conditions, including the completion of the previously announced brokered subscription receipt financing. The amalgamation is expected to create a larger, more diversified, and well-capitalized silver company, with a strong portfolio of silver assets and significant growth opportunities.