TORONTO, ONTARIO -- (Marketwired) -- 03/19/14

Mega Uranium Ltd. (TSX:MGA) announces that at its annual shareholder meeting held earlier today, all of the nominees listed in its management information circular for the meeting were elected as directors of the company. Each director was elected by a majority of the shareholders by a show of hands. The results of the shares voted by proxy in respect of the election of each director are set out below:

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Nominee                       Shares Voted For         Shares Withheld     
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Anthony Grey                39,235,472 (97.38%)       1,056,908 (2.62%)    
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Sheldon Inwentash            38,984,315(96.75%)       1,308,065 (3.25%)    
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Arni Johannson              25,697,639 (63.78%)      14,594,741 (36.22%)   
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Douglas Reeson              39,142,044 (97.15%)       1,150,336 (2.85%)    
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Michael Sweatman            39,052,397 (96.92%)       1,239,983 (3.08%)    
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Stewart Taylor              39,255,371 (97.43%)       1,037,009 (2.57%)    
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The company also announces that it has decided not to proceed with the 1-for-10 share consolidation and name change previously approved by shareholders in 2013. Mega's common shares will continue to trade on the Toronto Stock Exchange under the symbol "MGA".

ABOUT MEGA URANIUM

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada and Cameroon. Further information on Mega can be found on the company's website at www.megauranium.com.

Contacts:
Mega Uranium Ltd. - Investor Relations
Richard Patricio
EVP Corporate Affairs
(416) 643-7630
info@megauranium.com
www.megauranium.com