ACLARA REPORTS ON VOTING RESULTS FROM THE 2022 ANNUAL GENERAL MEETING OF SHAREHOLDERS

Company news release
5 May 2022, 6:04 p.m. EDT

TORONTO, May 5, 2022 /CNW/ - The Annual General Meeting of Shareholders (the "Meeting") of Aclara Resources Inc. ("Aclara" or the "Company") (TSX: ARA) was held yesterday in Toronto, Ontario.  Each of the matters voted upon at the Meeting is discussed in detail in the Company's management information circular dated April 6, 2022 (the "Circular"), which can be found under the Company's profile on SEDAR at www.sedar.com .

The total number of votes cast by shareholders of the Company in person and by proxy at the Meeting was 125,871,854 votes, representing 77.41%.  Each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes. These matters included the election of directors and the appointment of the auditor. The voting results are detailed below:

1.  Election of Directors

Name of Nominee



Votes FOR



%



Votes WITHHELD



%

Eduardo Hochschild



116,877,872



94.65



6,606,789



5.35



Ramon Barua



117,464,415



94.91



6,298,071



5.09



Paul Adams



117,435,346



94.89



6,327,140



5.11



Ignacio Bustamante



111,242,379



89.88



12,520,107



10.12



Catharine Farrow



117,476,987



94.92



6,285,911



5.08



Karen Poniachik



117,499,493



94.94



6,262,993



5.06



Sanjay Sarma



117,519,915



94.96



6,242,571



5.04





2.  Appointment of Auditor:

Name of Auditor



Votes FOR



%



Votes WITHHELD



%

EY Servicios Profesionales de Auditoría y Asesorías SpA



125,845,241



99.98



26,044



0.02



The Company has filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR at www.sedar.com .

About Aclara

Aclara is a development-stage rare earth mineral resources company located in Chile. Aclara is initiating the development of its resources through a project called the Penco Module (the "Penco Module"), which covers a surface area of approximately 600 hectares and which has ionic clays that are rich in rare earth elements. Aclara is currently focused on the development and on the future construction and operation of the Penco Module, which will aim to produce a rare earth concentrate through a processing plant that will be fed by clays from nearby deposits. Aclara's unique extraction process offers several advantages such as: no blasting, crushing or milling required; no tailings dam; minimal water consumption due to a high level of water recirculation; amenable leaching with a fertilizer; and no radioactivity.

SOURCE Aclara Resources Inc.