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