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UrtheCast Announces Voting Results of 2016 Annual General and Special Meeting

Vancouver, May 11, 2016 | UrtheCast Corp. (TSX:UR) (“UrtheCast” or the “Company”), in accordance with the requirements of the Toronto Stock Exchange, today announces that the six nominees listed in its management proxy circular dated April 5, 2016, were elected as directors of the Company. The detailed results of the vote held at the Company’s Annual General and Special Meeting of Shareholders (the “Meeting”) on May 10, 2016 in Vancouver, British Columbia, are set out below.

A total of 39,217,535 common shares were voted in connection with the Meeting, representing approximately 38.10% of the issued and outstanding common shares of the Company. On a vote by ballot, each of the following nominees proposed by management was elected as a director of UrtheCast to hold office until the next annual meeting of shareholders or until their successors are elected or appointed:

AGM 2016 Results

Other Matters Voted Upon

The resolution relating to the ratification of UrtheCast’s shareholder rights plan was approved. The resolution relating to the ratification of the amended and restated equity incentive plan was approved.


About UrtheCast Corp.

UrtheCast Corp. is a Vancouver-based technology company that serves the rapidly evolving geospatial and geoanalytics markets with a wide range of information-rich products and services. The Company currently operates four Earth Observation sensors in space, including two cameras aboard the International Space Station and two satellites, Deimos-1 and Deimos-2. Imagery and video data captured by these sensors is downlinked to ground stations across the planet and displayed on the UrthePlatform, or distributed directly to partners and customers. UrtheCast is also developing and anticipates launching the world’s first fully-integrated constellation of multispectral optical and Synthetic Aperture Radar (SAR) satellites, called OptiSAR™, in addition to its proposed UrtheDaily™ constellation concept, which the Company believes will together revolutionize monitoring of our planet with high-quality, medium and high-resolution, and high-coverage and high-revisit imagery in all weather conditions, any time of day. Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker ‘UR’.


Forward Looking Information

This release contains certain information which, as presented, constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information involves statements that relate to future events and often addresses expected future business and financial performance, containing words such as “anticipate”, “believe”, “plan”, and “expect”, statements that an action or event “may”, “might”, “could” or “will” be taken or occur, or other similar expressions and includes, but is not limited to; its plans to continue adding camera imagery to its UrthePlatform or distribute camera imagery directly to partners and customers, its plans for the OptiSAR™ Constellation or with respect to the proposed UrtheDaily™ concept, and its expectations regarding geoanalytics customers using the UrthePlatform. Such statements reflect UrtheCast’s current views with respect to future events and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by UrtheCast, are inherently subject to significant uncertainties and contingencies. Many factors could cause UrtheCast’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements, including, among others: any failures or interruptions in the UrthePlatform infrastructure or any of the cameras or satellites; any delays or failures in the design, development, construction, launch and operational commissioning of the proposed OptiSAR™ Constellation or the failure of the UrtheDaily™ concept to develop beyond the conceptual phase; the Company being unable to convert the Memoranda of Understanding in respect of funding of the OptiSAR™ Constellation into binding, definitive agreements, as well as those factors and assumptions discussed in UrtheCast’s annual information form dated March 29, 2016, (the “AIF”), which is available under UrtheCast’s SEDAR profile at Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, in the AIF, and as disclosed from time to time on UrtheCast’s SEDAR profile. UrtheCast undertakes no obligation to update forward-looking statements except as required by Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.

SOURCE UrtheCast Corp.


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