Western Copper and Gold Corporation

06/18/2021 | Press release | Distributed by Public on 06/18/2021 04:01

WESTERN COPPER AND GOLD CORPORATION (Form 6-K)

WESTERN COPPER AND GOLD CORPORATION

(the 'Company')

Annual General and Special Meeting

June 17, 2021

REPORT OF VOTING RESULTS

Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations

The following sets forth a summary of matters voted upon at the annual general and special meeting of shareholders of the Company held on June 17, 2021 (the 'Meeting') and the outcome of the vote for each such matter.

1.Based on proxies received and votes conducted by ballot during the Meeting, the following persons were elected as directors of the Company, with a majority of 'For' votes, to serve until the next annual general meeting of shareholders of the Company:

Director

Votes Cast For

% Votes Cast For

Votes Withheld

% Votes Withheld

Dale Corman

37,914,385

99.84%

59,468

0.16%

Tara Christie

25,298,389

66.62%

12,675,464

33.38%

Michael Vitton

36,782,786

96.86%

1,191,067

3.14%

Bill Williams

37,833,124

99.63%

140,729

0.37%

Kenneth Williamson

36,863,913

97.08%

1,109,940

2.92%

Klaus Zeitler

36,846,819

97.03%

1,126,534

2.97%

2.Based on proxies received and votes conducted by show of hands during the Meeting, PricewaterhouseCoopers LLP were appointed as auditors of the Company for the ensuing year at remuneration to be fixed by the directors.

3.Based on proxies received and votes conducted by ballot during the Meeting, unallocated stock options under the Company's stock option plan were approved, with the following results:

Votes Cast For

% Votes Cast For

Votes Against

% Votes Against

Unallocated Options Under Stock Option Plan

32,863,458

86.54%

5,110,395

13.46%

4.Based on proxies received and votes conducted by ballot during the Meeting, certain amendments to the Company's stock option plan were approved, with the following results:

Votes Cast For

% Votes Cast For

Votes Against

% Votes Against

Stock Option Plan Amendments

34,124,186

89.86%

3,849,667

10.14%

5.Based on proxies received and votes conducted by show of hands during the Meeting, the adoption of a new deferred share unit plan of the Company was approved.

6.Based on proxies received and votes conducted by ballot during the Meeting, the adoption of a new restricted share unit plan of the Company was approved, with the following results:

Votes Cast For

% Votes Cast For

Votes Against

% Votes Against

Restricted Share Unit Plan

28,707,349

75.60%

9,266,503

23.40%

Date: June 17, 2021