UrtheCast Announces Voting Results Of 2015 Annual General Meeting

VANCOUVER, May 12, 2015 /CNW/ - UrtheCast Corp. (TSX:UR) ("UrtheCast" or "the Company"), in accordance with the requirements of the Toronto Stock Exchange, today announces that the seven nominees listed in its management proxy circular dated April 7, 2015 were elected as its directors. The detailed results of the vote for the election of directors at its Annual General and Special Meeting of Shareholders (the "Meeting") held Monday, May 11 in Vancouver, British Columbia, are set out below.

A total of 14,715,269 common shares were voted in connection with the Meeting, representing approximately 22.17% of the issued and outstanding common shares of the Company. On a vote by ballot, each of the following nominees proposed by management was elected as a director of UrtheCast to hold office until the next annual meeting of shareholders, or until their successors are elected or appointed:

Nominee				Votes For				% Votes For				Votes Withheld				% Votes Withheld
Tye W. Burt				12,499,233				99.73%				34,031				0.27%
Scott Larson				12,528,723				99.96%				4,531				0.04%
Wade Larson				12,528,093				99.96%				5,161				0.04%
William Evans				12,498,593				99.72%				34,661				0.28%
Greg Nordal				12,499,233				99.73%				34,031				0.27%
Letitia A. Long				12,498,723				99.72%				34,531				0.28%
James Topham				12,499,093				99.73%				34,161				0.27%

Other Matters Voted Upon

In addition, by resolution passed by show of hands, an amendment to the Company's by-laws to allow the board of directors of the Company (the "Board") to fill a vacancy in the Board resulting from an increase in the number of directors was approved by a majority of shareholders.

The results of other matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR (www.sedar.com) on May 12, 2015.

About UrtheCast Corp.

UrtheCast Corp. is a Vancouver-based technology company that is developing the world's first Ultra HD video feed of Earth, streamed from space in full color. Working with renowned aerospace partners from across the globe, UrtheCast has built, launched, installed, and will soon operate its Ultra HD video camera, Iris, on the International Space Station ("ISS") alongside its Medium Resolution Camera which reached Initial Operation Capability in 2014. Video and still image data captured by the cameras will be downlinked to ground stations across the planet and displayed on the UrtheCast web platform, or distributed directly to partners and customers. UrtheCast's cameras will provide Ultra HD video and still imagery of Earth that will allow for monitoring of the environment, humanitarian relief, social events, agricultural land, etc. Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker 'UR'.

For more information visit UrtheCast's website at www.urthecast.com.

Forward Looking Information

This release contains certain information which, as presented, constitutes "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information involves statements that an action or event "will" be taken or occur (or similar language) and includes statements about the plans to operate sensor and camera components on the ISS, proposed image and video product offerings and expected partners and customers to distribute such products. Forward-looking statements are subject to various known and unknown risks, many of which are beyond the ability of UrtheCast to control or predict, and which may cause UrtheCast's actual results to be materially different from those expressed or implied thereby, including, but not limited to, those factors discussed in the Company's annual information form dated March 26, 2014, (the "AIF") and the Company's short form base shelf prospectus dated April 7, 2014 and prospectus supplement dated April 10, 2015 (together, the "Prospectus") which are available under UrtheCast's SEDAR profile at www.sedar.com. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, in the AIF and Prospectus, and as otherwise disclosed from time to time on UrtheCast's SEDAR profile. UrtheCast undertakes no obligation to update forward-looking statements except as may be required by applicable Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.

SOURCE UrtheCast Corp.

Issa Nakhleh, CFO, [email protected], [phone] Direct

Related Links

www.urthecast.com