ACLARA REPORTS ON VOTING RESULTS FROM THE 2023 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

TORONTO, May 3, 2023 /CNW/ - The Annual General and Special Meeting of Shareholders (the "Meeting") of Aclara Resources Inc. ("Aclara" or the "Company") (TSX: ARA) was held today 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 3, 2023 (the "Circular"), which can be found under the Company's profile on SEDAR at www.sedar.com .

Aclara Resources Inc. Logo (CNW Group/Aclara Resources Inc.)

The total number of votes cast by shareholders of the Company in person and by proxy at the Meeting was 116,084,228 votes, representing 71.12%.  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, the appointment of the auditor and the approval of certain amendments to the Omnibus Long-Term Incentive Plan (the "LTIP"), the full text of which is set out in Appendix A of the Circular. The voting results are detailed below:

1.  Election of Directors

Name of Nominee		Votes FOR		%		Votes WITHHELD		%
Eduardo Hochschild		104,811,204		95.36		4,518,489		4.13
Ramon Barua		105,349,211		96.36		3,980,482		3.64
Paul Adams		109,249,590		99.93		80,103		0.07
Ignacio Bustamante		105,338,725		96.35		3,990,968		3.65
Catharine Farrow		109,302,025		99.97		27,668		0.03
Maria Recart		109,308,742		99.98		20,951		0.02
Sanjay Sarma		109,245,388		99.92		84,305		0.08
Nicolás Hochschild		105,271,591		96.29		4,058,102		3.71

2.  Appointment of Auditor

Name of Auditor		Votes FOR		%		Votes WITHHELD		%
EY Servicios Profesionales de Auditoría y Asesorías SpA		116,016,538		99.94		67,690		0.06

3.  Approval of Amendments to the Omnibus Long-Term Incentive Plan

Approval of LTIP Amendments		Votes FOR		%		Votes AGAINST		%
		102,105,423		93.39		7,224,270		6.61

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.

Cision

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