Mr. Michael MacDonald reports

NEWFOUNDLAND CAPITAL CORPORATION LIMITED ANNOUNCES DIRECTOR VOTING RESULTS OF THE APRIL 29, 2015 ANNUAL GENERAL MEETING OF SHAREHOLDERS

Newfoundland Capital Corp. Ltd. has released the results of voting for the election of directors at the company's annual general meeting of shareholders held on April 29, 2015.

On a show of hands, each of the seven nominees set forth in the company's 2015 management information circular was elected as a director of the company. In compliance with Toronto Stock Exchange rules, attached are the detailed proxy tabulations for the appointment of directors.

Nominee                        For      %   Withhold     %

Michael C. MacDonald    57,845,437   99.8      3,300   0.2
Allen F. MacPhee        57,845,437   99.8      3,300   0.2
David I. Matheson       57,845,437   99.8      3,300   0.2
Harry R. Steele         57,845,437   99.8      3,300   0.2
John R. Steele          57,467,137   99.2    381,590   0.8
Robert G. Steele        57,845,437   99.8      3,300   0.2
Donald J. Warr          57,467,137   99.2    381,590   0.8

A full report of voting results on other matters can be found on SEDAR.