Alloycorp Mining Inc.: Announces Results From Annual General Meeting

TORONTO, May 11, 2015 - Alloycorp Mining Inc. (TSX VENTURE: AVT) ("Alloycorp" or the "Company") is pleased to provide an update to shareholders and to report the results following the Annual General Meeting held on Friday, May 8, 2015 in Toronto.


Election of Directors

The six nominees for director listed in Alloycorp's management proxy circular were elected as set out in the following table:

NAME	VOTES FOR	% FOR
Mr. Gordon J. Bogden	321,258,110	99.95
Mr. Jasper Bertisen	321,121,483	99.91
Mr. Mario Caron	319,652,610	99.45
Mr. Robert Francis	319,652,610	99.45
Ms. Daniella Dimitrov	319,627,110	99.44
Mr. John Stubbs	319,652,610	99.45

Mr. Mark Smith has retired from the Board of Directors to devote more time to his professional roles and therefore did not stand for re-election.

"Mark has provided invaluable leadership to Alloycorp in advancing the Avanti Kitsault Project," said Gordon Bogden, President and CEO of Alloycorp. "The Board and Management would like to thank Mr. Smith for his guidance and support throughout his tenure as a Director and as Chairman of the Board."

Mr. Marion Caron was elected as Chairman of the Board immediately after the Annual Shareholders' Meeting.


Appointment of Auditors

PricewaterhouseCoopers LLP ("PWC") was appointed as auditors of the Company and the directors of the Company were authorized to fix their remuneration.


Stock Option Plan

The stock option plan (the "Plan") of the Company was ratified and approved, authorizing the Company to issue options pursuant to and subject to terms and conditions of the Plan.


About Alloycorp

Alloycorp is a TSX-Venture listed company headquartered in Toronto with an operations office in Vancouver. Alloycorp's strategy is to become the unique supplier of steel alloy metals. Cornerstone to this strategy is the development of Avanti Kitsault. Parallel to this, Alloycorp is seeking to grow through the acquisition of other assets with commodities that supply to the steel alloys industry.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release contains certain statements concerning the business of Alloycorp that constitute "forward-looking information" within the meaning of applicable securities laws. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might", or "will be taken or occur to be achieved. All statements, other than statements of historical fact, included herein, including, without limitation, the completion of anticipated financing arrangements and activities and the anticipated development of Kitsault, the expected movement of molybdenum and other commodity prices (and the Company's position in relation thereto) and expected fluctuations in exchange rates, are all forward-looking statements. These forward-looking statements are based on the opinions of management at the date the statements are made and are based on assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include fluctuations in commodity prices and currency exchange rates; the satisfaction of various conditions to financing and funding; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability, terms and timing of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; and other risks and uncertainties disclosed in the Company's Annual Information Form for the year ended December 31, 2013, which is available at www.sedar.com. The Company is under no obligation to update forward-looking statements if circumstances or management's opinions should change, except as required by applicable securities laws. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, ad will not necessarily be accurate indicators of whether or not such results will be achieved. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.



For further information, please contact:

Alloycorp Mining Inc.
Shawn Howarth
Vice President, Corporate Development and Investor Relations
(416) 847-0376