Lexam VG Gold Announces Election of Directors

TORONTO, ONTARIO--(Marketwired - May 9, 2016) - Lexam VG Gold Inc. (the "Company" or "Lexam") (TSX:LEX)(FRANKFURT:VN3A)(OTCQX:LEXVF) announces the results of the vote for the election of Directors held at its Annual Meeting of Shareholders (the "Meeting") on May 6, 2016. Detailed results for the election of Directors are as follows:

At the Meeting, shareholders also voted to approve the appointment of Collins Barrow Toronto LLP as auditors of the Company, with Votes For totaling 103,816,331 shares, representing 99.67% of shares voted.

The formal report of voting results with respect to all the matters voted upon at the Meeting will also be filed on the SEDAR website at www.sedar.com.

About Lexam VG Gold

Lexam VG Gold is a gold exploration company with four key property assets in the Timmins gold camp of northern Ontario, Canada: Buffalo Ankerite, Fuller, Davidson Tisdale (100% Lexam) and Paymaster (61% Lexam/ 39% Goldcorp Canada Ltd.). Lexam's exploration programs are targeted to build the Company's resource base and to determine the economics on its projects. Visit the links to Lexam's 43-101 Resources and PEA for details. Chairman Rob McEwen owns 27% of the Company's 227 million issued and outstanding shares.

To learn more about Lexam VG Gold, please visit our website at www.lexamvggold.com.