Endomines Finland Plc – Stock Exchange Release – 7/5/2024 at 17.30 EET.

Resolutions of Endomines Finland Plc's Annual General Meeting and the Board of Directors

The Annual General Meeting of Endomines Finland Plc was held on May 7^th, 2024, in Helsinki.

Annual accounts for the financial period 2023

The General Meeting adopted the annual accounts for the financial period 2023 and resolved that the net loss of the financial period EUR -9,888,712.32 be transferred to retained earnings/loss account and no dividend be paid.

Resolution on the discharge from liability of the members of the Board of Directors and the CEO 

The General Meeting resolved to grant discharge from liability for the members of the Board of Directors and the CEO for the period 1 January 2023 – 31 December 2023 as well as for the preparation of the annual accounts.

Handling of the remuneration report of the governing bodies

The General Meeting resolved to adopt the remuneration report of the governing bodies.

Resolution on remuneration of the members of the Board of Directors 

The General Meeting resolved that the elected members of the Board of Directors be paid the following annual remuneration, in accordance with the previous year's Board remuneration:

- The Chair of the Board of Directors EUR 35,000; and

- The member of the Board of Directors EUR 20,000.

The annual remuneration of the Board members be paid in company shares and in cash, so that approximately 30% of the annual remuneration amount is used to acquire company shares for the Board members and the rest is paid in cash. The company is responsible for the costs and transfer tax arising from the acquisition of the shares. The company's shares will be acquired within two (2) weeks after the company's interim report for the period 1 January - 30 June 2024 has been published.

In addition, a meeting remuneration of EUR 300 be paid for each physical Board meeting per member who attended the meeting.

Remuneration for committee members (ESG Committee, the Audit Committee, the Technology and Safety Committee) is EUR 2,500 per Board member per committee in which the Board member serves. The annual remuneration of the chair of the committees is EUR 5,000.

Annual remunerations for committees and meeting remunerations for Board meetings are paid in cash.

Election of members of the Board of Directors

The General Meeting re-elected Jukka-Pekka Joensuu, Jeremy Read, Eeva Ruohonen, Markus Ekberg and Jukka Jokela as members of the Board of Directors.

Auditor 

The General Meeting resolved that the auditor’s fees will be paid according to the auditor’s reasonable invoice approved by the Audit Committee. Auditing firm KPMG Oy Ab was elected as the company's auditor. KPMG Oy Ab has informed that the principal auditor will be Antti Kääriäinen, Authorised Public Accountant.

Authorizing the Board of Directors to decide on the acquisition of the company's own shares

The General Meeting resolved to authorize the Board of Directors to decide on the acquisition of a maximum of 100,000 own shares in one or more installments. The amount corresponds to approximately 1.0% of all the company's shares. Own shares are acquired with funds belonging to the company's unrestricted equity, in which case the acquisitions reduce the funds available for the company's profit distribution. Own shares can be acquired on the day of acquisition at the price established for the shares in public trading or otherwise at the price established in the market. Own shares can be acquired other than in proportion to the shares owned by the shareholders (directed acquisition). Own shares acquired for the company can be kept by the company, cancelled, or transferred further. The authorization includes the Board's right to decide how own shares are acquired and all other matters related to the acquisition of own shares. The authorization is proposed to be valid until 30 June 2025.

Organizing meeting of the Board of Directors

The Board of Directors elected in the Annual General Meeting held its’ organizing meeting after the Annual General Meeting and elected amongst its members Jukka-Pekka Joensuu as the Chair of the Board. Eeva Ruokonen was elected as the Chair and Jukka-Pekka Joensuu as member of the ESG committee, Jeremy Read was elected as the Chair and Jukka-Pekka Joensuu as member of the Audit committee and Markus Ekberg was elected as the Chair and Jukka Jokela of the Technical and safety committee.

ENDOMINES FINLAND PLC

Further information

CEO Kari Vyhtinen, CEO of Endomines Finland Plc, phone +358 40 5850050, kari.vyhtinen@endomines.com

Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.