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MEGA Uranium Announces Results of Annual Shareholder Meeting

Shareholder Meetings

The Uranium Leader TM

PRESS RELEASE

PRESS RELEASE

MEGA URANIUM LTD.: “MGA” (TSX)

FOR IMMEDIATE RELEASE: March 27, 2018

MEGA URANIUM ANNOUNCES RESULTS OF ANNUAL SHAREHOLDER MEETING

Toronto, Ontario (March 27, 2018) – Mega Uranium Ltd. (TSX: MGA) announces the results of its annual

shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a

show of hands of the majority of shareholders. T he results of the shares voted in person or by proxy in

respect of the election of each director are:

Nominee Shares Voted For Shares Withheld

Albert Contardi 65,158,421 (98.20%) 1,194,197 (1.80%)

Larry Goldberg 65,187,521 (98.24%) 1,165,097 (1.76%)

Arni Johannson 64,951,916 (97.89%) 1,400,702 (2.11%)

Douglas Reeson 64,958,916 (97.90%) 1,393,702 (2.10%)

Stewart Taylor 64,998,916 (97.96%) 1,353,702 (2.04%)

At the meeting, shareholders also appointed MNP LLP as the company’s auditor, to hold office until the

next annual meeting.

Complete voting results of the meeting are available under the company’s profile on sedar.com.

The company did not put forward its shareholder rights plan agreement for re-approval and confirmation at

the annual meeting. By its terms, the agreement must be approved and confirmed by shareholders every

three years, failing which it automatically terminates at the close of the applicable annual meeting. The

majority of the provisions of the agreement were rendered moot follow ing amendments to the Canadian

takeover bid regime. Accordingly, the company chose to allow it, and all rights issued under it, to terminate

and be of no further force and effect.

ABOUT MEGA URANIUM

Mega Uranium Ltd. is a Toronto -based mineral resources company with a focus on urani um properties in

Australia and Canada and a portfolio of equity investments in uranium -focused public and private

companies. Further information on Mega can be found on the company’s website at

www.megauranium.com.

For further information please contact:

Investor Relations

Mega Uranium Ltd.

Richard Patricio

Chief Executive Officer

T: (416) 643-7630

[email protected]

www.megauranium.com