Meadow Bay Gold Delisting From the Toronto Stock Exchange And Listing On Tier 2 Of The TSX Venture Exchange

Effective at the close of trading on September 27, 2017, the Shares will be delisted from the Toronto Stock Exchange and will be listed on the TSXV at the opening on Thursday, September 28, 2017.

The Company's trading symbol, "MAY", remains unchanged.

Final approval of the listing is subject to the Company meeting certain conditions required by the TSXV, including meeting the TSXV's Continued Listing Requirements as a Tier 2 Mining Issuer, completing a non-brokered financing (the "Private Placement") on or before October 27, 2017 and other customary conditions required by the TSXV.

In connection with the Private Placement, the Company announces that subject to TSXV approval, it will be offering for sale up to 10,666,667 units ("Units") of the Company at a price of $0.075 per Unit, to raise gross proceeds of $800,000. Each Unit will consist of one Share and one common share purchase warrant each exercisable to purchase an additional Share at a price of $0.12 per Share for a period of two years. The Company may pay finder's fees in cash and issue finder's warrants in respect of a portion of the Private Placement. Net proceeds from the Private Placement will be used for general working capital.

For further information please contact:

Meadow Bay Gold Corp. www.meadowbaygold.com

Robert Dinning, Chairman and Director
Tel: 604-641-4450

Matthew Harrington, Launch IR
Tel: 613-882-7467

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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