Aurcana Reports Q1 2015 Financials and Results of the 2015 Annual General Meeting - Seite 3

In February 2015, the Company entered into an agreement to settle the class action litigation against the Company and two former executives. See the Company's press releases dated February 26, 2015 and April 22, 2015 for further information.

Summary

In July 2014, Mr. Kevin Drover was named the new President and CEO of Aurcana Corporation. After taking the helm, Mr. Drover initiated a cost reduction program which has significantly lowered the costs of production. The cost reduction program will continue through 2015. Production controls for the La Negra mining operations have steadily improved. Safety continues to be a high priority. Metal concentrate prices continued to be depressed during the quarter putting pressure on profit margins. The Shafter property remains on care and maintenance until silver prices rise.

To read the complete Financial Statements click on this link: http://aurcana.com/_resources/financials/Q12015-FS.pdf

To read the complete MD&A click on this link: http://aurcana.com/_resources/financials/Q12015-MDA.pdf

2015 Annual General Meeting Results

The Board of Directors is pleased to report the results of the 2015 Annual General Meeting which was held on May 14, 2015, in Vancouver. At the meeting 168 proxies were received and voted representing 32,058,465 shares, being 37.87% of the issued and outstanding capital of the Company. All resolutions recommended by management in the Company's management information circular dated April 14, 2015 were passed with the percentage of votes cast in favour of each resolution as follows:

Appointment of PricewaterhouseCoopers LLP as Auditor for the Company:	99.19%
Setting the number of directors at five:	99.69%

Election of Directors-

	Robert Tweedy:	99.60%
	Kevin Drover:	99.66%
	Adrian Aguirre:	99.48%
	Jerry Blackwell: 99.50%
	Jose Manuel Borquez:	99.57%

At the Board of Directors meeting immediately following the Annual General Meeting, the Board appointed officers and committees of the Board, as follows: