Foraco International S.A. press release

Foraco Announces Election of Directors

2026-04-16

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Foraco Announces Election of Directors

Toronto, Ontario and Lunel, France--(Newsfile Corp. - April 16, 2026) - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), in accordance with Toronto Stock Exchange requirements, announces the voting results at the ordinary and extraordinary general meeting of shareholders of the Company held on April 15, 2026 in Lunel, France (the "Meeting").

In accordance with French law, shareholders of the Company, when voting in elections for directors, are given the option to vote "for" or "against/abstain" for the director nominees, meaning that it is not possible for nominees for directors to receive a majority of "withhold" votes and retain their position as directors of the Company. The director nominees, as listed in the Company's management proxy circular dated March 6, 2026 for the Meeting, were elected as directors of the Company at the Meeting. The votes submitted for each director were as follows:

Daniel Simoncini

ShareholdersPRESENTPOWERSPROXIESTotal Votes% of VotesRESULT

FOR332,20938,983,41514,195,59053,511,21488.18%Adopted

AGAINST

3,423,2793,423,2795.64%

ABSTAIN

3,750,00073,750,0076.18%

Jean-Pierre Charmensat

ShareholdersPRESENTPOWERSPROXIESTotal Votes% of VotesRESULT

FOR332,20942,733,41514,084,87057,150,49494.18%Adopted

AGAINST

3,533,9993,533,9995.82%

ABSTAIN

770.00%

Bruno Chabas

ShareholdersPRESENTPOWERSPROXIESTotal Votes% of VotesRESULT

FOR332,20942,733,41514,095,60357,161,22794.19%Adopted

AGAINST

3,522,7663,522,7665.81%

ABSTAIN

5075070.00%

Warren Holmes

ShareholdersPRESENTPOWERSPROXIESTotal Votes% of VotesRESULT

FOR332,20942,733,41514,096,10357,161,72794.19%Adopted

AGAINST

3,522,7663,522,7665.81%

ABSTAIN

770.00%

Jorge Hurtado

ShareholdersPRESENTPOWERSPROXIESTotal Votes% of VotesRESULT

FOR332,20942,733,41514,096,10357,161,72794.19%Adopted

AGAINST

3,522,7663,522,7665.81%

ABSTAIN

770.00%

In addition, the Meeting voted 99.91 % in favor of the Company declaring a nil dividend for the 2025 fiscal year.

The Company's statutory filings, including its complete report of voting results from the Meeting, are available at www.sedarplus.ca.

About Foraco

Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 17 countries across five continents. For more information about Foraco, visit www.foraco.com.

For further information, please contact:

Fabien Sevestre

Email: ir@foraco.com

Tel: 1 705 495 6363

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292883