Goodfellow Inc.TSX: GDL

Press release May 14, 2025 - Results of Meeting

· Issued by Goodfellow Inc.


NEWS RELEASE From: Goodfellow Inc.

Patrick Goodfellow President and CEO T: 450 635-6511

F: 450 635-3730

info@goodfellowinc.com

FOR IMMEDIATE RELEASE GOODFELLOW REPORTS THE RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS Delson, Quebec, May 14, 2025 - Goodfellow Inc. (TSX: GDL) (the "Company" or "Goodfellow") announces that all resolutions presented to the shareholders at its Annual Meeting of Shareholders (the "Meeting") held today were passed.

The total number of shares represented by shareholders in person and by proxy at the Meeting was 5,926,983 representing 70.38% of the Company's outstanding shares.

  1. Election of Directors

    The six (6) nominees for directors proposed by management of the Company were elected pursuant to a vote by ballot. Final voting results on the election of the directors are as follows:

    Nominee

    Votes For

    % For

    Votes Against

    % Against

    Alain Côté

    4,929,525

    83.32%

    986,988

    16.68%

    David A. Goodfellow

    3,787,060

    64.01%

    2,129,453

    35.99%

    G. Douglas Goodfellow

    3,787,060

    64.01%

    2,129,453

    35.99%

    Robert Hall

    4,928,800

    83.31%

    987,713

    16.69%

    Marie-Hélène Nolet

    5,895,584

    99.65%

    20,929

    0.35%

    Sarah Prichard

    3,879,637

    65.57%

    2,036,876

    34.43%

  2. Appointment of Auditor

KPMG LLP was reappointed as the Company's auditor pursuant to a vote by ballot. In all, 5,912,734 votes representing 99.76% of the votes cast were in favour of KPMG LLP and 14,249 votes representing 0.24% of the votes cast have withheld from voting.

The Company has filed a report of voting results on all resolutions voted on at the Meeting on SEDAR (https://www.sedarplus.ca).

About Goodfellow

Goodfellow is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. With a distribution footprint from coast-to-coast in Canada and in the Northeastern U.S., Goodfellow effectively serves commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners, and floor covering specialists. Goodfellow also leverages its value-added product capabilities to serve lumber markets internationally. Goodfellow Inc. is a publicly traded company, and its shares are listed on the Toronto Stock Exchange under the symbol "GDL".