Mandalay Resources Corporation Announces the Results of its Annual and Special Meeting of Shareholders

TORONTO, May 6, 2014 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) is pleased to announce the results of its Annual and Special Meeting of Shareholders held today in Toronto, Ontario. All of the resolutions presented at the meeting were approved by the shareholders, with the votes cast by proxy representing 63% of the total shares outstanding as of the record date.

Election of Directors

The number of directors was fixed at six members and each of the six nominees listed in the Company's management information circular dated April 4, 2014 (the "Circular") were re-elected to the Company's Board of Directors. Abraham Jonker remains Chairman. The vote was conducted by a show of hands. Detailed results of the votes cast by proxy are set out below.

Nominee Votes Cast by Proxy For % For Votes Cast by
Proxy Withheld
% Withheld
Abraham Jonker 208,998,522 99.32 1,424,200 0.00
Robert Doyle 210,203,822 99.90 218,900 0.00
Anthony Griffin 208,875,266 99.26 1,547,456 0.00
Peter R. Jones 210,207,822 99.90 214,900 0.00
Bradford A. Mills 210,207,322 99.90 215,400 0.00
Sanjay Swarup 208,997,522 99.32 1,425,200 0.00

Appointment of Auditors

Deloitte LLP was appointed as the auditor of the Company to hold office until the close of the next annual meeting of the Shareholders, or until their successor is otherwise appointed and the directors were authorized to fix the auditor's remuneration.

Stock Option Plan

The resolution to renew, approve and adopt the Company's existing stock option plan and to approve all unallocated options, rights and entitlements thereunder was passed.

About Mandalay Resources Corporation

Mandalay is a Canadian-based natural resource company with producing and development assets in Australia and Chile. The Company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australia and the Americas to generate near-term cash flow and shareholder value.

SOURCE: Mandalay Resources Corporation

For further information:

Bradford Mills
Chief Executive Officer

Greg DiTomaso
Investor Relations

Contact: 647.260.1566

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Mandalay Resources Corporation

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