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VANCOUVER, BC--(Marketwired - May 12, 2016) - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) ("Midas Gold" or
the "Company") today announced the results of its annual general meeting (the "AGM"), which was held in Vancouver on May 11, 2016.
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. In conjunction with the AGM, Midas Gold Idaho, Inc. ("MGII"), the Company's operating
subsidiary in Idaho, released its 2015 Sustainability Report, highlighting commitments and achievements for the prior year.
Annual General Meeting Voting Result
A total of 60,606,075 million common shares were represented at the AGM, or 34.5% of the votes attached to all outstanding
shares. 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 are as follows:
---------------------------------------------------------------------------- Nominee Votes For Votes Total Votes Percentage of Percentage of Withheld Cast * Votes For Votes Withheld ---------------------------------------------------------------------------- Keith Allred 48,161,330 74,028 48,235,358 99.85% 0.15% ---------------------------------------------------------------------------- Victor Flores 48,137,080 98,278 48,235,358 99.80% 0.20% ---------------------------------------------------------------------------- Marcelo Kim 48,131,330 104,028 48,235,358 99.78% 0.22% ---------------------------------------------------------------------------- Peter Nixon 48,161,330 74,028 48,235,358 99.85% 0.15% ---------------------------------------------------------------------------- Stephen Quin 48,163,030 72,328 48,235,358 99.85% 0.15% ---------------------------------------------------------------------------- Laurel Sayer 48,129,530 105,828 48,235,358 99.78% 0.22% ---------------------------------------------------------------------------- Donald Young 48,161,230 74,128 48,235,358 99.85% 0.15% ----------------------------------------------------------------------------
* 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, 2016 (99.77% voted in favour). Detailed voting results for the meeting are available on
SEDAR at www.sedar.com.
Sustainability Reporting
In conjunction with Midas Gold's Annual General Meeting, MGII released its 2015 Sustainability Report summarizing its efforts in
respect of safety, environmental responsibility, community involvement, transparency, accountability, integrity and performance.
Since 2009, Midas Gold has planted more than 37,000 trees (including 2,000 by students from the local high school in 2015);
reclaimed 33 acres of disturbed land; recovered more than 30 tons of scrap metal from the site; recycled more than 3,000 lbs of
materials; gone 36 months with only a single reportable safety incident (one sprained ankle); and achieved 46 months without a
reportable spill. These results illustrate Midas Gold's commitment to the health and safety of its employees, and the wellbeing of
the local environment.
In respect of its contributions towards sustainability, Midas Gold's solar power system generated 7,200kwh of energy in 2015 and
avoided the transportation and burning of 26,000 gallons of diesel on site. During 2015, Midas Gold continued to be actively
engaged with the local communities, including hosting close to 300 local residents and other interested parties on 38 different
tours of the site. Midas Gold's employees volunteered more than 1,100 hours in the community, connecting with more than 7,000
individuals at various events, attended and participated in 169 community meetings. In addition to supporting its employees in
these community activities, MGII donated over US$90,000 to local causes.
During 2015, Midas Gold continued to work with its local community advisory board and the board of Midas Gold Idaho, Inc., where
four of six directors are local residents. Midas Gold also continued its focus on hiring locally and supporting local businesses,
making a positive contribution to the local economy throughout the year.
A copy of the report which outlines our commitments, objectives and achievements can be downloaded at http://midasgoldidaho.com/environment/#.
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@MidasIdaho
www.midasgoldcorp.com
For further information about Midas Gold Corp., please contact:
Liz Caridi
Manager, Investor Relations
(t): 778.724.4704
(e): info@midasgoldcorp.com