NEWS RELEASE

Lexam VG Gold Announces Election of Directors

May 6, 2015, Toronto, Ontario, Canada: Lexam VG Gold Inc. (the "Company" or "Lexam") (TSX: LEX, FRANKFURT: VN3A, OTCQX: LEXVF) is pleased to announce the results of the vote for the election of Directors held at its Annual Meeting of Shareholders (the "Meeting") on May 5, 2015. Detailed results for

the election of Directors are as follows:

Percentage

Withheld

0.33%
1.04%
0.99%
0.28%
0.30%
0.41%
0.27%
The formal report of voting results with respect to all matters voted upon at the Meeting will also be filed on the SEDAR website at www.sedar.com.

About Lexam VG Gold

Lexam VG Gold is a gold exploration company with four key property assets in the prolific Timmins gold district of northern Ontario, Canada: Buffalo Ankerite, Fuller, Davidson Tisdale (100% Lexam) and Paymaster (60.9% Lexam / 39.1% Goldcorp Canada Ltd.). Lexam's exploration programs are targeted to build the Company's resource base and to determine the economics on its projects. Visit the links to Lexam's 43-101 Resourcesand PEAfor details. Lexam had $2.2 million in cash on March 31, 2015, with no bank debt. Chairman Rob McEwen owns 27% of the Company's issued and outstanding shares.

To learn more about Lexam VG Gold, please visit our website at www.lexamvggold.com.
Contact: Mihaela Iancu, Director, Corporate Administration
Email: [email protected]
Phone: 647-258-0395 ext. 320
Toll Free: 866-441-0690
Fax: 647-258-0408
Mailing Address: Lexam VG Gold Inc.
150 King Street West
Suite 2800, P.O. Box 24
Toronto, ON, Canada
M5H 1J9

May 6, 2015