Genesis Land Development Corp. Reports Voting Results of Election of Directors

CALGARY, May 15, 2014 /CNW/ - Genesis Land Development Corp. (TSX: GDC) (the "Corporation" or "Genesis") is pleased to report that at its annual general meeting of shareholders held on May 15, 2014 that each of the nominees proposed by management as a director of the Corporation were elected as directors of the Corporation.

The detailed results of the vote by ballot are as follows:

Nominee Votes For Votes Withheld
  Number Percentage Number Percentage
Michael Brodsky 22,381,511 75.92% 7,099,632 24.08%
Yazdi J. Bharucha 23,156,359 78.55% 6,324,784 21.45%
Steven J. Glover 23,501,436 79.72% 5,979,707 20.28%
Stephen Griggs 22,397,419 75.97% 7,083,724 24.03%
Mark W. Mitchell 22,228,211 75.40% 7,252,932 24.60%
Loudon Owen 22,211,736 75.34% 7,269,407 24.66%
William Pringle 22,378,736 75.91% 7,102,407 24.09%
Iain Stewart 22,434,044 76.10% 7,047,099 23.90%

About Genesis

Genesis is an integrated, award-winning land developer and residential homebuilder, creating innovative and successful communities in the Calgary Metropolitan Area. Genesis is committed to supporting its communities through partnerships like the Genesis Centre of Community Wellness and Genesis Place Recreational Centre. Genesis owns a large portfolio of entitled residential and mixed-use land, which is exceptionally well positioned to benefit from the continued robust activity in the Alberta economy.  The Corporation's common shares are listed on the Toronto Stock Exchange (TSX: GDC).

SOURCE Genesis Land Development Corp.

For further information:

Bruce Rudichuk, President & Chief Executive Officer
Mark Scott, Executive Vice-President & Chief Financial Officer

7315 - 8 Street NE Calgary AB T2E 8A2
P: 403-265-8079     TF: 800-341-7211   F: 403-266-0746

Email genesis@genesisland.com
Website: www.genesisland.com