MRD Melcor Developments Ltd

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 on April 24, 2014. A total of 12,538,193 shares were voted
in person or by proxy, representing 41% 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        
----------------------------------------------------------------------------
Gordon Clanachan           96.1%                    3.9%                    
Ross Grieve                96.1%                    3.9%                    
Andrew Melton              95.5%                    4.5%                    
Timothy Melton             95.5%                    4.5%                    
Eric Newell                99.9%                    0.1%                    
Catherine Roozen           96.1%                    3.9%                    
Allan Scott                96.1%                    3.9%                    
Ralph Young                92.5%                    7.5%                    



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.


Forward-looking Statements

In order to provide our investors with an understanding of our current results
and future prospects, our public communications often include written or verbal
forward-looking statements.


Forward-looking statements are disclosures regarding possible events,
conditions, or results of operations that are based on assumptions about future
economic conditions, courses of action and include future-oriented financial
information.


This news release and other materials filed with the Canadian securities
regulators contain statements that are forward-looking. These statements
represent Melcor's intentions, plans, expectations, and beliefs and are based on
our experience and our assessment of historical and future trends, and the
application of key assumptions relating to future events and circumstances.
Future-looking statements may involve, but are not limited to, comments with
respect to our strategic initiatives for 2014 and beyond, future development
plans and objectives, targets, expectations of the real estate, financing and
economic environments, our financial condition or the results of or outlook of
our operations.


By their nature, forward-looking statements require assumptions and involve
risks and uncertainties related to the business and general economic
environment, many beyond our control. There is significant risk that the
predictions, forecasts, valuations, conclusions or projections we make will not
prove to be accurate and that our actual results will be materially different
from targets, expectations, estimates or intentions expressed in forward-looking
statements. We caution readers of this document not to place undue reliance on
forward-looking statements. Assumptions about the performance of the Canadian
and US economies and how this performance will affect Melcor's business are
material factors we consider in determining our forward-looking statements. For
additional information regarding material risks and assumptions, please see the
discussion under Business Environment and Risk in our annual MD&A.


Readers should carefully consider these factors, as well as other uncertainties
and potential events, and the inherent uncertainty of forward-looking
statements. Except as may be required by law, we do not undertake to update any
forward-looking statement, whether written or oral, made by the company or on
its behalf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Melcor Developments Ltd. - Business Contact
Brian Baker
Chief Executive Officer
780.423.6931
info@melcor.ca


Melcor Developments Ltd. - Investor Relations
Jonathan Chia, CA
Chief Financial Officer
780.423.6931
ir@melcor.ca
www.melcor.ca

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