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Geodrill Ltd

GEODRILL ANNOUNCES ANNUAL AND SPECIAL MEETING VOTING RESULTS

TORONTO , May 11, 2026 /CNW/ - Geodrill Limited ("Geodrill" or the "Company") (TSX: GEO), a leading West African based drilling company, announced the voting results of its Annual and Special Meeting of Shareholders (the "Meeting") held on May 11, 2026.

The nominees listed in the management information circular dated April 1, 2026 were elected as directors of the Company at the Meeting. Detailed results of the vote are set out below:

Director

Outcome of
Vote

Yes

No

Abstain

Dave Harper as
Director

Carried

30,003,530

99.885 %

0

0.000 %

34,401

0.115 %

John Bingham as
Director

Carried

29,864,209

99.422 %

0

0.000 %

173,722

0.578 %

Ronald
Sellwood as
Director

Carried

29,941,530

99.679 %

0

0.000 %

96,401

0.321 %

Peter Prattas
as Director

Carried

30,001,530

99.879 %

0

0.000 %

36,401

0.121 %

Appointment of
Auditor

Carried

31,988,235

99.978 %

0

0.000 %

6,887

0.022 %

Purchase of
Ordinary
Shares

Carried

29,942,331

99.682 %

95,600

0.318 %

0

0.000 %

Re-Approval of
the Stock
Option Plan

Carried

24,803,583

82.574 %

5,234,348

17.426 %

0

0.000 %

Note: Numbers do not add due to rounding.

At the Meeting, the shareholders also re-appointed PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the auditors of the Company and passed a special resolution authorizing the Corporation to purchase its own shares through a substantial issuer bid or normal course issuer bid as set forth in the management information circular dated April 1, 2026. Shareholders also approved the Stock Option Plan in accordance with the terms outlined in the management information circular.

About Geodrill Limited 
Geodrill has been successful in establishing a leading market position in Ghana and Cote d'Ivoire. The Company also operates in other African jurisdictions including Egypt and Senegal and is focusing its South America operations on Chile. With the large fleet of multi-purpose rigs, Geodrill provides a broad selection of diverse drilling services, including exploration, delineation, underground and grade control drilling, to meet the specific needs of its clients. The Company's client mix is made up of senior mining, intermediate and junior exploration companies. www.geodrill.ltd.

Forward Looking Information 
 This press release may contain "forward-looking information" which may include, but is not limited to the future financial or operating performance of the Company, its subsidiaries, future growth, results of operations, performance, business prospects and opportunities. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations (including negative variations) of such words and phrases, or by the use of words or phrases that state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. 

SOURCE Geodrill Ltd.