Meadow Bay Announces Proposed Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2015) - Meadow Bay Gold Corporation (the "Company") (TSX:MAY)(OTCQX:MAYGF)(FRANKFURT:20M)(WKN A1C3DN) announces that it proposes to raise up to $176,137 through a non-brokered private placement (the "Private Placement") of up to 1,761,374 units at a price of CDN$0.10 per unit. Each unit will consist of one common share and one non-transferable common share purchase warrant, with each warrant exercisable for a period of two years from the closing at a price of $0.15 per share. No finders' fees or commissions will be paid in connection with the placement.

Completion of the private placement is subject to the approval of the Toronto Stock Exchange. The net proceeds will be used for drilling and exploration activities at the Atlanta Gold Mine Project in Nevada and for general working capital.

This press release is not for distribution or dissemination in the United States and accordingly, shall not constitute an offer of securities in the United States. The securities that may be issued pursuant to this press release are not currently qualified by prospectus or registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold in the United States, or to, or for the account or benefit of United States persons (as defined in Regulation S under the Securities Act) or persons in the United States absent registration or an applicable exemption from the registration requirements. The securities are subject to resale restrictions under applicable securities laws.