MacMillan Annual General and Special Meeting Date Set For June 17, 2016

TORONTO, May 30, 2016 - Thomas Skimming, CEO of MacMillan Minerals Inc. (TSX-V:MMX) is pleased to provide an update on the proposed plan of arrangement (the “Arrangement”) involving MacMillan, Pan American Silver Corp. (“Pan American”) and Maverix Metals Inc. (“Maverix”) pursuant to which MacMillan will acquire a portfolio of thirteen royalties and precious metals streams from Pan American and all of the issued and outstanding common shares in the capital of Maverix, as news released April 18, 2016.

In order to consider the Arrangement and other items of business, the Company has called for an annual general and special meeting of its shareholders (the “Meeting”), to be held on June 17, 2016 in the Ketchum Room at the Toronto Board of Trade, First Canadian Place, 77 Adelaide Street West, Toronto, Ontario at 9:00 am. The record date for the Meeting has been set as May 9, 2016.

Mailing of the Notice of Meeting, Management Information Circular, and Proxies for the Meeting was completed last week. The Notice of Meeting, Management Information Circular, Proxy, and Transmittal Form have also been filed on SEDAR at www.sedar.com.

At the Meeting, MacMillan’s shareholders will be asked, in addition to other items of business, to vote to approve the proposed Arrangement involving Pan American, Maverix and MacMillan.

After carefully considering all aspects of the Arrangement, including obtaining a third party independent review of the valuation of the assets being acquired, MacMillan’s Board of Directors unanimously approved the Arrangement and recommend that the MacMillan shareholders vote in favour of the resolution to approve the Arrangement. Each of the directors and officers of MacMillan have entered into voting support agreements whereby they have agreed to vote their shares in favour of the Arrangement at the Meeting.

For further information or to request copies of the meeting materials please contact:

MacMillan Minerals Inc.
George A. Brown, President
(416) 867-1101
macmillanminerals@ca.inter.net

MacMillan is an exploration company with a focus on gold and silver exploration in Mexico. MacMillan has 6,988,330 common shares issued and outstanding with a fully diluted of 7,288,330 common shares. Additional information on the Company can be viewed at www.sedar.com



For additional information, contact:

MacMillan Minerals Inc.
Tel: (416) 867-1101
Fax: (416) 867-1222
Email: macmillanminerals@ca.inter.net



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 ADEQUACEY OR ACCURACY OF THIS RELEASE.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of MacMillan’s securities in the United States. None of the securities have been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. Any public offering of securities in the United States must be made by means of a prospectus that contains detailed information about MacMillan and its management, as well as financial statements.

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information include, but are not limited to, statements with respect to the transactions contemplated under the Arrangement Agreement, the Arrangement and the RTO, the requisite regulatory, court, and shareholder approvals in respect thereof and proposed future transactions MacMillan may undertake and their expected timing. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of MacMillan to control or predict, that may cause MacMillan’s actual results, performance or achievements may be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to: the risk that the RTO will not be approved by the TSX Venture Exchange, the court and the shareholders of MacMillan, as applicable; risks and uncertainties related to the Arrangement not being completed in the event that the conditions precedent thereto are not satisfied; the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with MacMillan’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. MacMillan undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.