Midas Gold Reports Results of Annual General Meeting

VANCOUVER, BC--(Marketwired - May 12, 2016) - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) ("Midas Gold" or the "Company") today announced the results of its annual general meeting (the "AGM"), which was held in Vancouver on May 11, 2016. Following the meeting, Stephen Quin, President and CEO, provided those present with a brief overview of the Company's progress over the past year and its plans going forward. In conjunction with the AGM, Midas Gold Idaho, Inc. ("MGII"), the Company's operating subsidiary in Idaho, released its 2015 Sustainability Report, highlighting commitments and achievements for the prior year.

Annual General Meeting Voting Result

A total of 60,606,075 million common shares were represented at the AGM, or 34.5% of the votes attached to all outstanding shares. 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 directors are as follows:

Nominee   Votes For   Votes Withheld   Total Votes Cast *   Percentage of Votes For   Percentage of Votes Withheld
Keith Allred   48,161,330   74,028   48,235,358   99.85%   0.15%
Victor Flores   48,137,080   98,278   48,235,358   99.80%   0.20%
Marcelo Kim   48,131,330   104,028   48,235,358   99.78%   0.22%
Peter Nixon   48,161,330   74,028   48,235,358   99.85%   0.15%
Stephen Quin   48,163,030   72,328   48,235,358   99.85%   0.15%
Laurel Sayer   48,129,530   105,828   48,235,358   99.78%   0.22%
Donald Young   48,161,230   74,128   48,235,358   99.85%   0.15%

* Not all shares were voted in respect of all motions therefore 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, 2016 (99.77% voted in favour). Detailed voting results for the meeting are available on SEDAR at www.sedar.com.

Sustainability Reporting

In conjunction with Midas Gold's Annual General Meeting, MGII released its 2015 Sustainability Report summarizing its efforts in respect of safety, environmental responsibility, community involvement, transparency, accountability, integrity and performance. Since 2009, Midas Gold has planted more than 37,000 trees (including 2,000 by students from the local high school in 2015); reclaimed 33 acres of disturbed land; recovered more than 30 tons of scrap metal from the site; recycled more than 3,000 lbs of materials; gone 36 months with only a single reportable safety incident (one sprained ankle); and achieved 46 months without a reportable spill. These results illustrate Midas Gold's commitment to the health and safety of its employees, and the wellbeing of the local environment.

In respect of its contributions towards sustainability, Midas Gold's solar power system generated 7,200kwh of energy in 2015 and avoided the transportation and burning of 26,000 gallons of diesel on site. During 2015, Midas Gold continued to be actively engaged with the local communities, including hosting close to 300 local residents and other interested parties on 38 different tours of the site. Midas Gold's employees volunteered more than 1,100 hours in the community, connecting with more than 7,000 individuals at various events, attended and participated in 169 community meetings. In addition to supporting its employees in these community activities, MGII donated over US$90,000 to local causes.

During 2015, Midas Gold continued to work with its local community advisory board and the board of Midas Gold Idaho, Inc., where four of six directors are local residents. Midas Gold also continued its focus on hiring locally and supporting local businesses, making a positive contribution to the local economy throughout the year.

A copy of the report which outlines our commitments, objectives and achievements can be downloaded at http://midasgoldidaho.com/environment/#.


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