Baytex Reports Shareholder Meeting Results

CALGARY, Alberta, May 07, 2020 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 197,784,694 common shares being 35.29% of Baytex’s issued and outstanding shares were represented at the meeting.

At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below.

Name of Nominee		Votes For
		#		%
Mark R. Bly		165,423,477		95.85
Trudy M. Curran		164,527,859		95.33
Naveen Dargan		161,051,482		93.32
Don G. Hrap		165,567,164		95.93
Edward D. LaFehr		164,550,408		95.34
Jennifer A. Maki		165,841,160		96.09
Gregory K. Melchin		163,942,950		94.99
David L. Pearce		165,624,975		95.97

KPMG LLP was appointed as Baytex’s auditor until the next annual meeting of shareholders, and the directors were authorized to fix their remuneration. The result of the vote is as follows.

Votes For
#		%
191,168,691		96.90

In addition, a non-binding advisory resolution with respect to Baytex’s approach to executive compensation was approved. The result of the vote is as follows.

Votes For
#		%
159,011,068		92.13

Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Approximately 83% of Baytex’s production is weighted toward crude oil and natural gas liquids. Baytex's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

For further information about Baytex, please visit our website at www.baytexenergy.com or contact:

Brian Ector, Vice President, Capital Markets

Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com