MIDAS GOLD REPORTS RESULTS OF ANNUAL GENERAL MEETING
VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced the results of its annual general meeting, which was held in Vancouver on May 14, 2014. Following the meeting, Stephen Quin, President and CEO, provided those present with a brief overview of the Company’s progress over the past year and its plans going forward.
Annual General Meeting Voting Result
A total of 56.6 million common shares were represented at the meeting, or 39.95% of the votes attached to all outstanding shares. On a vote by show of hands, the Company’s shareholders voted in favour of the election of all director nominees listed in the Company’s management information proxy circular. Detailed results of the vote for the election of directors were as follows:
| Nominee | Votes For | Votes Withheld | Total Votes Cast * | Percentage of Votes For | Percentage of Votes Withheld |
|---|---|---|---|---|---|
| Stephen Quin | 48,074,569 | 98,100 | 48,172,669 | 99.80% | 0.20% |
| Wayne Hubert | 48,074,569 | 98,100 | 48,172,669 | 99.80% | 0.20% |
| Jerry Korpan | 48,043,169 | 129,500 | 48,172,669 | 99.73% | 0.27% |
| Peter Nixon | 48,044,369 | 128,300 | 48,172,669 | 99.73% | 0.27% |
| Michael Richings | 48,013,969 | 158,700 | 48,172,669 | 99.67% | 0.33% |
| John Wakeford | 48,011,969 | 160,700 | 48,172,669 | 99.67% | 0.33% |
| Donald Young | 47,905,369 | 267,300 | 48,172,669 | 99.45% | 0.55% |
* Not all shares were voted in respect of all motions therefore the combined number of shares voted for or withheld may not add up to the total votes represented at the meeting.
The directors were elected to hold offices until the next annual meeting of shareholders or until their successors are elected or appointed.
The Company’s shareholders also approved the appointment of Deloitte LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending December 31, 2014 (99.36% voted in favour) and approved the renewal of the Company’s Stock Option Plan and unallocated entitlements under the Company’s Stock Option Plan as required by the policies of the Toronto Stock Exchange (85.58% voted in favour).
Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
About Midas Gold and the Golden Meadows Project
Midas Gold Corp., through its wholly owned subsidiaries Midas Gold Inc. and Idaho Gold Resources, LLC, is focused on the exploration and, if warranted, development of deposits in the Stibnite-Yellow Pine district of central Idaho.