EDMONTON, Alberta, May 19, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced the results of its annual general meeting (AGM), held today. A total of 26,489,850 shares were voted by proxy, representing 80.68% of the outstanding shares as of the record date. Shareholders approved all items of business before the AGM, including the election of directors as follows:
| Nominee | % Votes For | % Votes Withheld |
| Douglas Goss | 95.97 | 4.03 |
| Andrew Melton | 94.97 | 5.03 |
| Kathleen Melton | 94.98 | 5.02 |
| Timothy Melton | 95.99 | 4.01 |
| Bruce Pennock | 96.15 | 3.85 |
| Janet Riopel | 99.91 | 0.09 |
| Catherine Roozen | 95.13 | 4.87 |
| Ralph Young | 95.08 | 4.92 |
About Melcor Developments Ltd.
Melcor is a diversified real estate development and asset management company with a rich heritage of innovation in real estate since 1923.
Through integrated operating divisions, Melcor manages the full life cycle of real estate development: acquiring raw land, community planning, construction and development, and managing revenue-producing office, retail and residential assets. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses.
Melcor is committed to building communities that enrich quality of life – communities where people live, work, shop and play.
CONTACT: Contact Information: Nicole Forsythe Director, Corporate Communications 780-945-4707 ir@melcor.ca
