Xtra-Gold Reports Voting Results of Annual and Special Meeting of Shareholders

2017-05-17 / @newsfile

Toronto, Ontario--(Newsfile Corp. - May 17, 2017) - XTRA-GOLD RESOURCESCORP. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") - is pleased to announce the voting results of its Annual and Special Meeting (the "ASM") of shareholders of the Company (the "Shareholders") held on May 16, 2017.A total of 30,068,391 common shares representing 62.43% of the issued and outstanding shares of the Company were voted at the ASM. Resolutions relating to the following matters were approved by a majority of the votes cast at the ASM.

Appointment of Auditors

RBSM LLP, Chartered Accountants were appointed as the auditors of the Company for the ensuing year.

Election of Directors

The number of directors to be elected to the board of directors of the Company ("Board") was set at five. The following nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors is elected or appointed.

DIRECTOR	VOTES FOR	%	VOTES WITHHELD	%
Peter Minuk	27,172,654	99.98%	5,480	0.02%
James Schweitzer	27,172,654	99.98%	5,480	0.02%
James Longshore	27,173,654	99.98%	4,480	0.02%
Denis Laviolette	27,027,654	99.45%	150,480	0.55%
Hans Morsches	27,173,654	99.98%	4,480	0.02%

Victor Nkansa, will continue in his role as Chief Financial Officer.

Yves P. Clement, P.Geo., will continue in his role as Vice-President, Exploration.

Stock Option Matters

The Shareholders also voted 97.79% in favour of the unallocated stock options to acquire common shares under the Company's stock option plan. There are currently 1,650,000 options to acquire 1,650,000 common shares issued and outstanding under the Option Plan, representing 4.0% of the Company's issued and outstanding common shares.

Contact Information
For further information please contact:

James Longshore: President and CEO
Telephone:416 628-2881
E-mail:info@xtragold.com
Website:www.xtragold.com