Colabor Group Inc. Releases Results of Shareholder Votes

BOUCHERVILLE, QUEBEC--(Marketwired - June 14, 2016) - Colabor Group Inc. (TSX:GCL) ("Colabor" or the "Company") today held its Annual Meeting of Shareholders (the "Meeting"). A total of 12,990,726 common shares representing 47.27% of the issued and outstanding shares of the Company were represented in person and by proxy at the Meeting.

At this Meeting, the following resolutions were approved:

1. Election of Directors

The six candidates nominated as Directors were duly elected to the Board of Directors of Colabor by majority vote, as follows:

2. Appointment of Auditor

The resolution appointing PricewaterhouseCoopers LLP, to act as auditor of the Company until the next annual meeting of shareholders or until the appointment of its successor, and authorizing the Board of Directors of the Company to fix its remuneration, was approved in a proportion of 99.95%.

ABOUT COLABOR

Colabor is a distributor and wholesaler of food and non-food products serving the foodservice market (cafeterias, restaurants, hotels, restaurant chains) in Québec, Ontario and the Atlantic provinces, as well as the retail market (grocery stores and convenience stores).

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements reflecting the opinions or current expectations of Colabor Group Inc. concerning its performance and business operations and future events. These statements are subject to risks, uncertainties and assumptions. Actual results and events may differ. The Company assumes no obligation beyond what is required under law to update forward-looking statements pursuant to changes in the beliefs, estimates and opinions of management or to other factors.