SYS-CON MEDIA Authors: Pat Romanski, Jnan Dash, Elizabeth White, Yeshim Deniz, Nikita Ivanov

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Yellow Media Limited Reports on Voting Results of the Election of Directors at its Annual Meeting of Shareholders

MONTREAL, QUEBEC -- (Marketwired) -- 05/08/14 -- Yellow Media Limited (TSX: Y) (the "Company") held its Annual Meeting of Shareholders on May 8, 2014. All the candidates proposed as directors were elected by a majority of the votes cast by the shareholders present or represented by proxy at the meeting as detailed below:


          Directors                  For                    Withhold
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                                  Number      %        Number         %
                            ------------------------------------------------
Julien Billot                 17,367,777    99.71      50,084       0.29
Craig Forman                  17,366,745    99.71      51,116       0.29
David A. Lazzarato            16,955,101    97.34      462,760      2.66
David G. Leith                16,956,714    97.35      461,147      2.65
Robert F. MacLellan           16,956,434    97.35      461,427      2.65
Judith A. McHale              17,363,298    99.69      54,563       0.31
Donald H. Morrison            16,953,189    97.33      464,672      2.67
Martin Nisenholtz             17,363,237    99.69      54,624       0.31
Kalpana Raina                 16,956,026    97.35      461,835      2.65
Michael G. Sifton             17,366,769    99.71      51,092       0.29
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About Yellow Media Limited

Yellow Media Limited (TSX: Y) is a Canadian digital and print media company, offering businesses comprehensive media solutions to meet their key marketing objectives and providing consumers with platforms to access reliable local business information. By helping local businesses foster stronger relationships with their consumers through its various media, the Company encourages the growth of thriving neighbourhood economies. Yellow Media holds some of Canada's leading local search properties and publications including YP.ca™, Canada411.ca and RedFlagDeals.com™, the YP, ShopWise and RedFlagDeals mobile applications and Yellow Pages™ print directories. Yellow Media is also a leader in national digital advertising through Mediative, a division of Yellow Pages Group devoted to digital marketing and performance media services for national-scale agencies and advertisers. For more information, visit www.ypg.com

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements about the objectives, strategies, financial conditions, results of operations and businesses of the Company. These statements are forward-looking as they are based on our current expectations, as at May 8, 2014, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 7 of our May 8, 2014 Management's Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason.

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