AVALON ADVANCED MATERIALS INC.
(the "Issuer")
REPORT OF VOTING RESULTS
For Each Matter Submitted to a Vote at the Annual and Special Meeting
of Shareholders of Common Shares of the Issuer held on February 25, 2021
National Instrument 51-102 - Continuous Disclosure Obligations
Section 11.3
Matter Voted Upon | Outcome of Vote |
| Percentage of Votes Cast | |
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Election of Directors: |
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Donald Bubar | Elected |
| In Favour: | 97.90% |
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| Withheld: | 2.10% |
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Alan Ferry | Elected |
| In Favour: | 98.79% |
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| Withheld: | 1.21% |
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Naomi Johnson | Elected |
| In Favour: | 98.70% |
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| Withheld: | 1.30% |
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John E. Fisher | Elected |
| In Favour: | 98.79% |
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| Withheld: | 1.21% |
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Marilyn Spink | Elected |
| In Favour: | 98.65% |
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| Withheld: | 1.35% |
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Appointment of Ernst & Young, LLP as Auditor of the Company | Carried |
| In Favour: | 98.46% |
| Withheld: | 1.54% | ||
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Approval of amendments to the Company's By-law No. 1 | Carried |
| In Favour: | 96.26% |
| Against | 3.74% | ||
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Approval of the Company's Deferred Share Unit Plan | Carried |
| In Favour: | 95.61% |
| Against | 4.39% | ||
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Approval of the Company's Restricted Share Unit Plan | Carried |
| In Favour: | 95.43% |
| Against | 4.57% | ||
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Approval of Share Capital Amendments, designed to reduce the number of small registered shareholdings (held by ballot) | Carried |
| In Favour: | 90.97% |
| Against | 9.03% |
AVALON ADVANCED MATERIALS INC.
By: (signed) "R. James Andersen"
R. James Andersen
CFO, VP, Finance and Corporate Secretary