Rio Alto Mining Limited

TSX : RIO
NYSE : RIOM
LMA : RIO
FRANKFURT : MS2


Rio Alto Mining Limited

May 13, 2014 17:23 ET

Rio Alto Mining Limited: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) - Rio Alto Mining Limited ("Rio Alto" or the "Company") (TSX:RIO)(NYSE:RIOM)(LMA:RIO)(DBFrankfurt:MS2) wishes to announce the results of its annual and special meeting of shareholders held on May 12, 2014 in Toronto, Canada (the "Meeting"). A total of 106,245,277 common shares, representing 60.03% of the outstanding common shares, were represented at the Meeting.

Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 11, 2014, a copy of which being available on the Company's website and on SEDAR at www.sedar.com. The voting results for each matter voted on by the shareholders at the Meeting is provided below.

1. Fixing the Number of Directors

The shareholders passed a resolution fixing the number of directors to be elected at the Meeting at seven. The vote in respect of this matter carried out by show of hands.

2. Election of Directors

All of the nominees named in the Company's Management Information Circular were elected as directors of the Company. The vote in respect of this matter carried out by ballot. The detailed results of voting are as follows.

Votes for Votes Withheld 2013 Votes For
Nominee Number Percentage Number Percentage
Klaus Zeitler 71,680,129 79.89 18,043,697 20.11 83.1%
Alexander Black 88,728,966 98.89 994,860 1.11 99.9%
Victor Gobitz 88,712,756 98.87 1,011,070 1.13 98.2%
Ram Ramachandran 88,733,466 98.90 990,360 1.10 99.78%
Drago Kisic 88,733,256 98.90 990,570 1.10 99.79%
Roger Norwich 88,742,366 98.91 981,460 1.09 84.99%
Sidney Robinson 88,737,256 98.90 986,570 1.10 99.73%

3. Appointment of Auditors

The shareholders approved the appointment of Grant Thornton LLP, Chartered Accountants, as the auditors of the Company to hold office until the close of the next annual meeting of shareholders of the Company at a remuneration to be fixed by the directors of the Company. The vote in respect of this matter was carried out by show of hands.

4. Approval of Unallocated Options

The shareholders approved a resolution approving the unallocated options pursuant to the Company's Stock Option Plan; The vote in respect of this matter was carried out by ballot, with 82.78% of votes cast being in favour of the resolution.

To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com or Rio Alto's SEDAR profile at www.sedar.com.

ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED

Alex Black, President & CEO

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