Energizer Resources Announces Results of 2016 Annual and Special Meeting of Stockholders and the Appointment of Officers

TORONTO, ONTARIO--(Marketwired - Dec. 19, 2016) - Energizer Resources Inc. EGZENZRA ("Energizer" or the "Company") is pleased to announce the results of the Annual and Special Meeting of stockholders (the "Meeting") held in Toronto, Ontario, Canada on December 19, 2016.

All of the resolutions put forward at the Meeting were approved. The final voting results of the Meeting are set out below:



1. Election of Directors. The Company's shareholders elected the following
7 nominees to the Board. Each of the nominees will serve for a one-year
term and hold office until the next annual meeting of shareholders,
unless he sooner ceases to hold office. The following table sets forth
the vote of the shareholders at the Annual Meeting with respect to the
election of directors:


Broker
Nominee For Withheld Abstain Non-Vote
---------------------------- ----------- ----------- -----------------------
John Sanderson 96.44% 3.56% - 6.52%
Craig Scherba 96.44% 3.56% - 6.52%
Quentin Yarie 96.43% 3.57% - 6.52%
Robin Borley 96.36% 3.64% - 6.52%
Albert A. Thiess, Jr. 96.45% 3.55% - 6.52%
Dean Comand 96.31% 3.69% - 6.52%
Dalton Larson 96.42% 3.58% - 6.52%

2. Appointment of MNP LLP. The Company's shareholders approved the
appointment of MNP LLP as the Company's independent registered public
accounting firm for the year ending June 30, 2017. The following table
sets forth the vote of the shareholders at the Annual Meeting with
respect to the appointment of MNP LLP:


Broker
For Withheld Abstain Non-Vote
98.13% 1.87% - 0%

3. Approval of the Share Consolidation. The Company's shareholders approved
a share consolidation of the Company's common stock and corresponding
amendment to our articles of incorporation to implement the share
consolidation, and authorized the board, in its sole discretion, to
effect a share consolidation of our common stock at an exchange ratio of
not less than 1-for-5 and not greater than 1-for-10, by filing an
amendment to our articles of incorporation at any time through December
19, 2017. The following table sets forth the vote of the shareholders at
the Annual Meeting with respect to the approval of the share
consolidation and corresponding amendment to our articles:


Broker
For Against Abstain Non-Vote
92.11% 7.89 % - 0%

4. Approval of the Name Change. The Company's shareholders approved a
change in the name of the company, as shall be determined in the sole
discretion of the board, by filing an amendment to our articles of
incorporation. The following table sets forth the vote of the
shareholders at the Annual Meeting with respect to the approval of the
name change:


Broker
For Against Abstain Non-Vote
95.36% 4.64% - 0%

5. Amendment of the Stock Option Plan. The Company's shareholders approved
an amendment to the Company's Stock Option Plan. The following table
sets forth the vote of the shareholders at the Annual Meeting with
respect to the amendment to the Stock Option Plan:


Broker
For Against Abstain Non-Vote
77.95% 22.05% - 6.52%

6. Advisory Vote on Executive Compensation. The Company's shareholders
approved the non-binding advisory resolution, commonly known as a "Say
on Pay" proposal, regarding the compensation of the Company's named
executive officers. The following table sets forth the vote of the
shareholders at the Annual Meeting with respect to the advisory vote on
executive compensation:


Broker
For Against Abstain Non-Vote
95.26% 4.74% - 6.52%



Subsequent to the Meeting, the Board of Directors of the Company approved the appointments of the following executive officers:



-- John Sanderson as Chairman of the Board
-- Craig Scherba as President and Chief Executive Officer
-- Marc Johnson as Chief Financial Officer and Senior Vice President,
Finance
-- Brent Nykoliation, Senior Vice President, Corporate Development
-- Robin Borley, Senior Vice President, Mine Development



About Energizer Resources

Energizer Resources is a mineral exploration and mine development company based in Toronto, Canada, that is developing its 100%-owned, feasibility-stage Molo Graphite Project in southern Madagascar.

FOR FURTHER INFORMATION PLEASE CONTACT:
Energizer Resources Inc.
Craig Scherba
President and CEO
cscherba@energizerresources.com


Energizer Resources Inc.
Brent Nykoliation
SVP, Corporate Development
+1.416.364.4911
bnykoliation@energizerresources.com

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