XTG.TO · 2017-05-17 12:00:00

Xtra-GOLD Reports Voting Results of Annual and Special Meeting of Shareholders

Shareholder Meetings

NEWS RELEASE FOR IMMEDIATE RELEASE

XTRA-GOLD REPORTS VOTING RESULTS OF ANNUAL

AND SPECIAL MEETING OF SHAREHOLDERS

TORONTO, ONTARIO – May 17, 2017 – XTRA-GOLD RESOURCES

CORP. (“Xtra-Gold” or the “Company”) – TSX: “XTG”; OTCQB: “XTGRF” is

pleased to announce the voting results of its Annual and Special Meeting (the

“ASM”) of shareholders of the Company (the “Shareholders”) held on May 16,

2017. A total of 30,068,391 common shares representing 62.43% of the issued

and outstanding shares of the Company were voted at the ASM. Resolutions

relating to the following matters were approved by a majority of the votes cast at

the ASM.

Appointment of Auditors

RBSM LLP, Chartered Accountants were appointed as the auditors of the Company

for the ensuing year.

Election of Directors

The number of directors to be elected to the board of directors of the Company

(“Board”) was set at five. The following nominees proposed by management were

elected as directors of the Company to hold office until the next annual meeting of

Shareholders or until their successors is elected or appointed.

DIRECTOR VOTES FOR % VOTES WITHHELD %

Peter Minuk

27,172,654 99.98% 5,480 0.02%

James Schweitzer 27,172,654 99.98% 5,480 0.02%

James Longshore 27,173,654 99.98% 4,480 0.02%

Denis Laviolette 27,027,654 99.45% 150,480 0.55%

Hans Morsches 27,173,654 99.98% 4,480 0.02%

Victor Nkansa, will continue in his role as Chief Financial Officer.

Yves P. Clement, P.Geo.,will continue in his role as Vice-President, Exploration.

Stock Option Matters

The Shareholders also voted 97.79% in favour of the unallocated stock options

to acquire common shares under the Company’s stock option plan. There are

currently 1,650,000 options to acquire 1,650,000 common shares issued and

outstanding under the Option Plan, repr esenting 4.0% of the Company’s issued

and outstanding common shares.

Contact Information

For further information please contact:

James Longshore: President and CEO

Telephone: 416 628-2881

Website: www.xtragold.com