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Press release from CNW Group

Mandalay Resources Corporation Announces the Results of its Annual General Meeting

Friday, June 17, 2011

Mandalay Resources Corporation Announces the Results of its Annual General Meeting17:31 EDT Friday, June 17, 2011TORONTO, June 17, 2011 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (TSX: MND.WT) is pleased to announce the results of its Annual General Meeting, held on June 17, 2011.Election of DirectorsAt the meeting, the following directors were re-elected to the Company's Board of Directors ("Board"): John Byrne, Brad Mills, Braam Jonker, Sanjay Swarup, Robert Doyle, Tony Griffin and Peter R. Jones. After the meeting, John Byrne resigned as Director and Chairman of the Board for personal reasons. Braam Jonker will serve as Interim Chairman.Brad Mills, Chief Executive Officer of Mandalay said, "On behalf of the Board, I'd like to thank John Byrne for his contribution and service to the Company over the years. We wish him well in his future endeavours."Appointment of AuditorsThe Company appointed Deloitte and Touche as external auditors for the coming year.Approval of Amended and Restated Stock Option PlanThe Company's amended and restated stock option plan was approved by shareholders. Further details regarding the option plan can be found in the Company's management information circular dated May 19, 2011, which is available at www.sedar.com.About Mandalay Resources CorporationMandalay Resources is a Canadian-based natural resource company with producing assets in Australia and producing and exploration projects in Chile. The Company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australia and the Americas to generate near-term cash flow and shareholder value.For further information: Bradford Mills Chief Executive Officer Greg DiTomaso Investor Relations Contact: 647.260.1566 g.ditomaso@mandalayresources.com