American Pacific Mining (USGD) AGM 2024 summary

Opening remarks and agenda

• Meeting called to order by the CFO, who also acted as chair and secretary; scrutineer appointed to oversee proceedings.

• Notice of meeting and related documents were mailed to shareholders of record; proof of notice to be filed with minutes.

• CEO Warwick Smith expressed gratitude to shareholders and highlighted anticipation for an active exploration season at Madison and Palmer projects.

Board and executive committee updates

• Number of directors set at five following a motion with no objections.

• Five nominees for the board were proposed and, with no other nominations, elected by acclamation to serve until the next annual meeting: Warwick Smith, Eric Saderholm, Ken Cunningham, Joness Lang, and Ali Hakimzadeh.

• Davidson & Company LLP reappointed as auditors until the next annual meeting, with remuneration to be fixed by the directors.

• 10% rolling stock option plan reapproved by shareholders as set out in the management circular.

Strategic initiatives and plans

• Drilling at Madison, Montana is ongoing, with results expected in Q3 2024.

• Exploration at Palmer, Alaska has commenced, with drilling to begin mid-June.

• Focus remains on growth through exploration and partnerships, targeting copper and gold discoveries.