Sierra Metals Announces Results of Annual and Special Meeting of Shareholders

TORONTO, June 16, 2017 /CNW/ - Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") hereby announces the voting results from the Company's Annual and Special Meeting of Shareholders held on Wednesday, June 14, 2017.

A total of 127,848,509 common shares were represented at the meeting, being 78.59% of the Company's issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the re-appointment of PricewaterhouseCoopers as auditors for the ensuing year, and the election of management's nominees as directors.

Detailed results of the votes on the election of directors are as follows:

Director

Votes For

Votes Withheld

Outcome of Vote

J. Alberto Arias

112,904,001 (99.10%)

1,017,408 (0.89%)

Approved

Steven G. Dean

113,867,228  (99.95%)

54,181 (0.05%)

Approved

Douglas F. Cater

113,869,228  (99.95%)

52,181 (0.05%)

Approved

Philip Renaud

113,863,765  (99.95%)

57,644 (0.05%)

Approved

Igor Gonzales

112,905,928  (99.11%)

1,015,481 (0.89%)

Approved

Dionisio Romero

99,476,365 (87.32%)

14,445,044 (12.68%)

Approved

 

In addition, the following resolutions were approved at the meeting:(1) the approval of certain amendments to the Company's Restricted Share Unit Plan; and (2) the approval of all unallocated options under the Company's existing Stock Option Plan, all as further detailed in the Management Information Circular of the Company dated May 15, 2017 (a copy of which is available under the Company's profile on SEDAR at www.sedar.com).

About Sierra Metals

Sierra Metals Inc. is Canadian based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and its Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within or very close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several highly prospective regional targets providing longer term exploration upside and mineral resource growth potential.

The Company's shares trade on the Lima Stock Exchange (Bolsa de Valores de Lima) and on the TSX under the symbol "SMT".

Forward-Looking Statements

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events or results.  These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

Continue to watch our progress at:

Web: www.sierrametals.com
Twitter: sierrametals
Facebook: SierraMetalsInc
LinkedIn: Sierra Metals Inc

SOURCE Sierra Metals Inc.

For further information: For further information regarding Sierra Metals, please visit www.sierrametals.com or contact: Mike McAllister, V.P., Corporate Development, Sierra Metals Inc. +1 (416) 366-7777, Email: info@sierrametals.com; Igor Gonzales, President & CEO, Sierra Metals Inc., +1(416) 366-7777

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www.sierrametals.com

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