On May 2, 2019, Golden Queen Mining Co. Ltd. announced that Institutional Shareholder Services, an independent proxy advisory firm, has recommended that shareholders vote for the transaction resolution. The proxy circular mailed to shareholders in connection with the shareholder meeting includes a proposal to approve a special resolution for the sale of 100% of the shares of Golden Queen Mining Holdings Inc., which currently holds a 50% ownership interest in the Soledad Mountain Project, pursuant to the terms of an agreement dated February 7, 2019 between the Company and certain purchasers as described in the proxy circular.