VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2011) - Meadow Bay Capital Corporation (TSX VENTURE:MAY) (the "Company") announces the grant of 1,365,000 stock options to directors, officers, employees and consultants of the Company.

The stock options are exercisable at $1.16 for a period of five years from January 27, 2011 and will expire on January 27, 2016.

The Company also announces that Mr. Terry Fields has resigned as Corporate Secretary of the Company effective January 11, 2011 and Mr. Thomas J. Kennedy has been appointed by the Company to act as Corporate Secretary until the next annual reference date.

On Behalf of the Board of Directors

Terry Fields, Director

Contact Information: Meadow Bay Capital Corporation
Mr. John Morita
604-685-6905 (FAX)