Ms. Mihaela Iancu reports

LEXAM VG GOLD ANNOUNCES ELECTION OF DIRECTORS

Lexam VG Gold Inc. has released the results of the vote for the election of directors held at its annual meeting of shareholders on May 5, 2015. Detailed results for the election of directors are as shown in the table.

                                                     Percentage   Percentage
Nominee                           For     Withheld          for     withheld

Robert R. McEwen           72,316,479      242,619       99.67%        0.33%
Richard W. Brissenden      71,807,858      751,240       98.96%        1.04%
John C. Drake              71,841,663      717,435       99.01%        0.99%
Robin E. Dunbar            72,359,191      199,907       99.72%        0.28%
Hugh C. Squair             72,339,713      219,385       99.70%        0.30%
John G. Tait               72,259,196      299,902       99.59%        0.41%
Robert E. Van Tassell      72,364,496      194,602       99.73%        0.27%

The formal report of voting results with respect to all matters voted upon at the meeting will also be filed on SEDAR.