Midas Gold Reports Results of Annual General Meeting Corporate & Permitting Update; Industry Award Recognizing Community Engagement
May 11, 2017
#2017-08
Midas Gold Reports Results of Annual General Meeting
Corporate & Permitting Update; Industry Award Recognizing Community Engagement
VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) ("Midas Gold" or the
"Company") today announced the results of its annual general meeting (the “AGM”), which was held in
Vancouver on May 1 1, 2017. Following the meeting, Stephen Quin , President and CEO , provided those
present with an overview of the Company’s progress over the past year and its plans going forward.
Annual General Meeting Voting Result
A total of 106,681,876 million common shares were represented at the AGM, or 59.12 % of the votes
attached to all outstanding shares at the Company’s record date of March 29, 2017 . 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 dir ectors are as
follows:
Nominee Votes For Votes
Withheld
Total Votes
Cast *
Percentage of
Votes For
Percentage of
Votes Withheld
Keith Allred 76,415,746 164,070 76,579,816 99.79% 0.21%
Michael Bogert 76,402,362 175,454 76,577,816 99.77% 0.23%
Victor Flores 76,316,446 263,370 76,579,816 99.66% 0.34%
Marcelo Kim 76,313,246 266,570 76,579,816 99.65% 0.35%
Peter Nixon 76,414,462 163,354 76,577,816 99.79% 0.21%
Stephen Quin 76,410,046 169,770 76,579,816 99.78% 0.22%
Donald Young 76,415,062 164,754 76,579,816 99.78% 0.22%
* Not all shares were voted in respect of all motions therefor e 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, 2017 (99.44% voted in favour).
The Company’s shareholders also approved and ratified the Company’s 2011 Evergreen Incentive Stock
Option Plan as required every three years under the policies of the TSX (97.15% voted in favour).
Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
Corporate Update
Following the AGM, Stephen Quin, President & CEO of Midas Gold Corp. provided an update in respect
of the Stibnite Gold Project, noting progress on advancing the project towards completion of a feasibility
study and advancing the regulatory assessment process for site restoration and mine development. Mr.
Quin emphasized opportunities to optimize the proposed development, and the value creation
opportunity afforded to shareholders through the successful realization of these opportunities .
Previously a nnounced positive results from recently completed metallurgical testing and resource
optimization drilling will be incorporated into the ongoing feasibility study. Mr. Quin also noted that,
since the filing of the Plan of Restoration and Operations (“PRO” ) in September 2016, the US Forest
Service has declared the PRO administratively complete, has hired a project manager and selected a
third-party contractor and , yesterday, announced that public scoping for the upcoming review process
may be undertaken in local communities in the fourth week of May 2017. During t his scoping period ,
the public will have the opportunity to provide input regarding the project, as described in the PRO, prior
to the US Forest Service undertaking its analysis and consideration o f alternatives under the National
Environmental Policy Act.
Midas Gold Awarded Corporate Investment and Community Impact (CiCi) Award
Trade & Industry Development Magazine has announced that Midas Gold Idaho is the recipient of a
Corporate Investment and Community Impact ( “CiCi”) award in the ‘Community Impact Division ’. “This
is a great acknowledgement of our efforts in the community and vision for the future,” said Laurel Sayer,
President of Midas Gold Idaho, Inc. Nomination of Midas Gold Idaho for the CiCi award was submitted
by the Idaho Department of Commerce and West Central Mountains Economic Development Council
(“WCMED”) in recognition of Midas Gold Idaho’s robust community engagement programs that include
over US$230,000 in corporate giving to community programs, schools and sponsorship s, and over 1,800
staff volunteer hours since 2013. Midas Gold joined General Motors, Microsoft, Amazon, Charles
Schwab and others in receiving an award in the Community Impact Division.
“The thirty companies represented in the 2017 CiCi Awards have committed to economic development
that not only will bring extraordinary capital investment to the communities in which they will locate,
but will have an extraordinarily positive impact on those communities, most notably those included in
the Community Impact category,” commented Scott D. Swoger, publisher of Trade & Industry
Development and president of its parent company Due North Media . “The CiCi Awards are unique in
that, in addition to commemorating the largest capital investments for dev elopment or expansion
announced within a designated year, they equally recognize projects for the positive, often
transformational, impact they will have on a community, regardless of the amount of money invested by
the corporation.”
For further information about Midas Gold Corp., please contact:
Liz Monger – Manager, Investor Relations
(t): 778.724.4704
(e): [email protected]
Facebook: www.facebook.com/midasgoldidaho
Twitter: @MidasIdaho
www.midasgoldcorp.com
About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries are focused on the exploration and, if warranted, site
restoration and development of gold -antimony-silver deposits in the Stibnite -Yellow Pine district of central Idaho
that are encompassed by its Stibnite Gold Project.
Forward-Looking Information
Statements contained in this news release that are not historical facts are "forward- looking information" or
"forward-looking statements" (collectively, "Forward- Looking Information") within the meaning of applicable
Canadian securities legisl ation and the United States Private Securities Litigation Reform Act of 1995. Forward
Looking Information includes, but is not limited to, disclosure regarding possible events, next steps and courses of
action including actions to be taken by the U .S. Forest Service, the State of Idaho and other government agencies
and regulatory bodies. In certain cases, Forward- Looking Information can be identified by the use of words and
phrases such as "plans", "expects" or "does not expect", "is expected", “estimates", "intends", "anticipates",
"potential", or "does not anticipate", or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" "be achieved". In preparing the Forward- Looking Information in
this news release, Midas Gold has applied several material assumptions, including, but not limited to, assumptions
that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate
activities will proceed a s expected; that general business and economic conditions will not change in a materially
adverse manner; that the formal review process under the NEPA (including a joint review process involving the U .S.
Forest Services, the State of Idaho and other agenc ies and regulatory bodies) as well as the public comment period,
scoping process and EIS will proceed in a timely manner and as expected; and that all requisite information will be
available in a timely manner. Forward- Looking Information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of Midas Gold to be materially
different from any future results, performance or achievements expressed or implied by the Forward- Looking
Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the
application of standards pursuant to existing laws and regulations which may result in unforeseen results in the
review process under the NEPA; uncertainty surrounding input to be received pursuant to the scoping process
including but not limited to the public comment period; risks related to dependence on key personnel; risks related
to unforeseen delays in the review process including availabilit y of personnel from the US Forest Services, State of
Idaho and other agencies and regulatory bodies; as well as those factors discussed in Midas Gold's public disclosure
record. Although Midas Gold has attempted to identify important factors that could aff ect Midas Gold and may
cause actual actions, events or results to differ materially from those described in Forward- Looking Information,
there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that Forward- Looking Information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on Forward- Looking Information. Except as required by law, Midas Gold does not assume any
obligation to release publicly any revisions to Forward- Looking Information contained in this news release to reflect
events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.