Colabor Group Releases Results of Shareholder Votes

SAINT-BRUNO-DE-MONTARVILLE, Quebec, May 16, 2024 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Corporation”) held its annual meeting of shareholders (the “Meeting”) on May 16, 2024. A total of 70,912,829 common shares representing 69.53% of the issued and outstanding shares of the Corporation were represented in person and by proxy at the Meeting.

At this Meeting, the following resolutions were approved:

Election of Directors

The eight candidates proposed as Directors were duly elected to the Board of Directors of Colabor by majority vote, as follows:

NAMES	IN FAVOR		AGAINST
	Number	%	Number	%
Marc Beauchamp	69,650,075	99.63%	256,954	0.37%
Danièle Bergeron	69,701,114	99.71%	205,915	0.29%
Jean Gattuso	69,651,075	99.63%	255,954	0.37%
Laurie Gauthier	69,629,633	99.60%	277,396	0.40%
Robert B. Johnston	69,650,540	99.63%	256,489	0.37%
Denis Mathieu	69,699,975	99.70%	207,054	0.30%
François R. Roy	69,629,975	99.60%	276,954	0.40%
Warren J. White	69,700,340	99.70%	206,689	0.30%

Appointment of Auditor

The resolution appointing PricewaterhouseCoopers LLP/s.r.l./s.e.n.r.l., to act as auditor of the Corporation until the next annual meeting of shareholders or until the appointment of its successor, and authorizing the Board of Directors of the Corporation to fix its remuneration, was approved in a proportion of 99.98%.

About Colabor:

Colabor is a distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets or "HRI" in Quebec and in the Atlantic provinces, as well as the retail market. Within its two operating segments, Colabor offers specialty food products such as meat, fish and seafood, as well as food and related products through its Broadline activities.

For further information:

Pierre Blanchette Senior Vice President and Chief Financial Officer Colabor Group Inc. Tel.: [phone] extension 1308 [e-mail]

Danielle Ste-Marie Ste-Marie Strategy and Communications Inc. Investor Relations 450-449-0026 ext. 1180