Medallion Resources Ltd. (TSX VENTURE:MDL)(OTCQX:MLLOF)("Medallion" or the
"Company") is pleased to advise on the results of the voting on the matters
submitted to the annual and special meeting (the "Meeting") of the shareholders
(the "Shareholders") of the Company held on September 25, 2013. 


Shareholders voted in favour of all items of business at the Meeting, including:
(i) the reappointment of Lancaster and David, Chartered Accountants as auditors
of the Company; (ii) the election of each director nominee, being William Bird,
Donald Lay, David Haber, Rod McKeen and Andrew Morden; (iii) the annual
ratification and approval of the Company's existing 10% "rolling" stock option
plan as mandated by the policies of the TSX Venture Exchange; and (iv) the
approval of an advance notice policy (the "Policy"), for the purpose of
providing Shareholders, directors and management of Medallion with a clear
framework for nominating directors.  


The Policy is meant to: (a) facilitate an orderly and efficient annual general
or, where the need arises, special meeting process; (b) ensure all Shareholders
receive adequate notice of the director nominations and sufficient information
with respect to all director nominees; and (c) allow Shareholders to register an
informed vote having been afforded reasonable time for appropriate deliberation.
The board of directors of the Company has determined that the Policy to be
effective and in full force and effect as of September 25, 2013. The full text
of the Policy is available via SEDAR under Medallion's issuer profile at
www.sedar.com or upon request by contacting the Corporate Secretary at
604-681-9558. 


About Medallion Resources Ltd. 

Medallion is rethinking rare earths. Led by Dr Bill Bird and supported by an
experienced technical team, the Company focuses on low-cost, near-term,
rare-earth production opportunities using the rare-earth mineral monazite, which
is available as a by-product from existing mining and mineral-sands sources
principally in the Indian Ocean basin. Medallion, partnered with Takamul
Investment Company, is currently evaluating a proposal to import monazite
feedstock and produce rare-earth products at a proposed processing facility in
the industrial city of Duqm, Oman. Rare earths are used in critical components
for virtually all computing and mobile electronic products, as well as wind
turbines, electric and hybrid vehicles, and strategic defense systems. Medallion
is committed to following best practices and accepted international standards in
all aspects of mining, mineral processing and the safe management of waste
materials. More about Medallion (TSX-V: MDL; OTCQX: MLLOF; Frankfurt: MRD) can
be found at medallionresources.com. 


Medallion management has prepared this news release and takes full
responsibility for content. Neither 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.
Some of the statements contained in this release are forward-looking statements,
such as estimates and statements that describe Medallion's future exploration,
production and financing plans, objectives or goals, including words to the
effect that Medallion or management expects a stated condition or result to
occur. Since forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties. Actual results
in each case could differ materially from those currently anticipated in these
statements. Such risks include expectations that may be raised by discussing
potential business, acquisitions or development plans. Also, in order to proceed
with Medallion's plans, additional funding will be necessary and, depending on
market conditions, this funding may not be forthcoming on a schedule or on terms
that facilitate Medallion's plans.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Donald Lay
President
Medallion Resources Ltd.
+1.604.681.9558
info@medallionresources.com


Kam Thindal
Partner
Hamza Thindal Capital Corp.
+1.888.371.9098
kam@htcapitalcorp.com
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