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Grande West Announces 2014 Annual General Meeting Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/30/14 -- Grande West Transportation Group Inc. (TSX VENTURE: BUS) (the "Company" or "Grande West") - The Company is pleased to announce the results of its annual meeting of shareholders held on May 29, 2014, in Vancouver, British Columbia. A total of 15,048,726 common shares, representing 37.69 per cent of the outstanding common shares were represented at the meeting.

Each of the matters voted upon at the meeting is discussed in detail in the Company's management information circular dated April 29, 2014, a copy of which is available on the Company's website and on SEDAR. The voting results for each matter voted on by the shareholders at the meeting are provided below.

Election of Directors

By resolution passed by a show of hands, all of the nominees named in the Company's management information circular were elected as directors of the Company. The Directors will remain in office until the next annual meeting of shareholders or until their successors are elected or appointed. The detailed results of proxies received are as shown in the table below:

----------------------------------------------------------------------------
 Board of Directors        Votes in Favour             Votes Withheld
----------------------------------------------------------------------------
                           Number     Percentage       Number     Percentage
                         of Votes            (%)     of Votes            (%)
----------------------------------------------------------------------------
William R. Trainer     15,048,726         100.00            0           0.00
----------------------------------------------------------------------------
Joseph Miller          15,048,726         100.00            0           0.00
----------------------------------------------------------------------------
Yves Devin             15,048,726         100.00            0           0.00
----------------------------------------------------------------------------
Donald Siemens         15,048,726         100.00            0           0.00
----------------------------------------------------------------------------

Appointment of Auditor

By resolution passed by a show of hands, the shareholders approved the appointment of Manning Elliott LLP, Chartered Accountants, to serve as the independent auditor of the Company for the ensuing year at a remuneration to be fixed by the directors of the Company. The detailed results of proxies received are as shown in the table below:

----------------------------------------------------------------------------
                           Votes in Favour             Votes Withheld
----------------------------------------------------------------------------
                        Number of     Percentage       Number     Percentage
                            Votes            (%)     of Votes            (%)
----------------------------------------------------------------------------
Appointment of
Auditors               15,048,726         100.00            0           0.00
----------------------------------------------------------------------------

Approval of Stock Option Plan

By resolution passed by a show of hands, the shareholders approved the Company's stock option plan allowing the granting of up to 10% of the Company's issued and outstanding common shares at any time. The detailed results of proxies received are as shown in the table below:

----------------------------------------------------------------------------
                           Votes in Favour             Votes Withheld
----------------------------------------------------------------------------
                           Number     Percentage       Number     Percentage
                         of Votes            (%)     of Votes            (%)
----------------------------------------------------------------------------
Approval of Stock
Option Plan            15,048,726          100.0            0            0.0
----------------------------------------------------------------------------

The Company granted a total of 600,000 of incentive stock options to two directors, an advisor and an employee at an exercise price of $0.50 for a five year term expiring May 29, 2019. The stock options will vest 25% immediately and 25% every six months thereafter.

About Grande West Transportation Group Inc.

Grande West was formed in 2008 to design and develop a 27.5 foot bus, known as the "Vicinity". With little competition in the "mid-size" bus range, Grande West has set itself apart from others with its "Vicinity" bus - a heavy duty mid-size, true community transit bus.

The Vicinity is designed with affordability, accessibility and global responsibility in mind. It costs about half the amount as a 40 foot transit bus, burns less fuel, emits less harmful environment emissions and achieves a life span twice as long as cut-away buses with less maintenance costs.

In a large and unsaturated market, Grande West is poised to capture growth in both the replacement of cut-away buses and the right sizing of larger buses for better utilization of transit fleets across Canada and the United States.

Initial delivery and the sale of 15 Vicinity buses occurred in August 2013 to BC Transit. We also recognized the recent sale of our demonstration bus. Currently, we have 18 new Vicinity buses in production mostly for delivery to Quebec and Nova Scotia transit agencies. The initial order for our new 30 foot model with two doors was recently announced in a press release dated May 20, 2014. Our potential sales funnel is constantly growing, as the Vicinity is introduced to transit agencies across Canada.

For marketing and customer testing, three Vicinity demonstration buses are included in the current production run inclusive of our new 30 foot model with two doors for the Ontario market and airport shuttle bus applications.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future sales, operating or financial performance of Grande West Transportation, are forward-looking statements. Forward- looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. These forward-looking statements may include statements regarding the perceived merit of the product offered by Grande West; sales estimates; manufacturing capabilities; capital expenditures; timelines; strategic plans; market prices for parts and material; or other statements that are not statements of fact. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from Grande West's expectations include the uncertainties involving the need for additional financing to market Grande West's products and provide after-sales maintenance and support services to Grande West's customers; access to adequate services and supplies to operate Grande West's business; availability of financing in the debt and capital markets; the need to obtain governmental approvals; unexpected cost increases, which could include increases in estimated capital and operating costs; fluctuations in price of materials used in the manufacture of our products and currency exchange rates; availability of a qualified work force; customers' reliance on funding from various levels of government to purchase our products; fuel shortages and fuel prices; competitors' ability to develop competing products; our ultimate ability to develop, manufacture and sell Grande West's products on economically favourable terms; and other risk and uncertainties disclosed in Grande West's reports and documents filed with applicable securities regulatory authorities from time to time. Grande West's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Grande West assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.

Contacts:
Grande West Transportation
William R. Trainer
President & CEO
(604) 607-4000
[email protected]
www.grandewest.com

The Howard Group Inc.
Jeff Walker
Investor Relations
1-888-221-0915
[email protected]
www.howardgroupinc.com

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