TORONTO, ONTARIO--(Marketwired - July 14, 2016) - A correction from source is being issued for the Rio Novo Gold Inc. news release that was disseminated on June 30, 2016. In the Voting Result table, "Eduardo de Toledo" should have read "Randolph Freiberg". The corrected release follows.

Rio Novo Gold Inc. (TSX:RN) ("Rio Novo" or the "Company") is pleased to announce that all resolutions were passed at the Company's Annual Meeting of Shareholders (the "Shareholder Meeting") held on June 30, 2016.

Item Voted Upon Voting Result
* The nominees proposed by management were elected as directors of the Corporation by a majority of votes cast by shareholders, as follows:
To elect the Directors of the Corporation as set forth in the Management Information Circular of the Corporation dated May 11, 2016.
Votes For Votes Withheld
Julio Carvalho 3,471,231 (92.85 %) 267,300 (7.15 %)
William Dorson 3,723,231 (99.59 %) 15,300 (0.41 %)
Randolph Freiberg 3,724,531 (99.63 %) 14,000 (0.37 %)
To appoint the auditor, McGovern, Hurley Cunningham LLP, as the Auditors of the Corporation for the ensuing year, and to authorize the directors of the Corporation to fix their remuneration * The resolution was approved by shareholders by a majority of votes cast.
Votes For Votes Withheld
Auditor 20,027,401 (99.96 %) 7,045 (0.04 %)

The formal report on voting results with respect to the matters voted upon at the Meeting was filed on SEDAR at

Contact Information:

Rio Novo Gold Inc.
Patrick Panero
President & CEO
+55 (21) 2429-5101