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Parex Resources Announces Voting Results of Shareholders' Meeting

CALGARY, Alberta, May 06, 2021 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parexor theCompany”) (TSX:PXT) is pleased to announce that on May 6, 2021 it held its annual general and special meeting of shareholders (the "Meeting") and all matters presented for approval have been fully authorized and approved.

At the Meeting, shareholders approved the election of nine nominees as directors of Parex to serve until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the ballot were as follows:

VOTES FOR

VOTES WITHHELD

Number

Percentage

Number

Percentage

Lisa Colnett

100,129,749

99.66%

340,516

0.34%

Sigmund Cornelius

99,732,459

99.27%

737,806

0.73%

Robert Engbloom

92,710,308

92.28%

7,759,957

7.72%

Wayne Foo

99,390,232

98.93%

1,080,033

1.07%

G. R. (Bob) MacDougall

99,783,539

99.32%

686,726

0.68%

Glenn McNamara

99,950,490

99.48%

519,775

0.52%

Imad Mohsen

100,155,940

99.69%

314,325

0.31%

Carmen Sylvain

97,411,461

96.96%

3,058,804

3.04%

Paul Wright

95,795,365

95.35%

4,674,900

4.65%

In addition, a non-binding advisory resolution concerning the Company's approach to executive compensation was approved. The results of the ballot were as follows:

VOTES FOR

Number

Percentage

99,070,734

98.61%

Full voting results on all matters considered at the Meeting are available on our profile on SEDAR, located at www.sedar.com.

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For more information please contact:

Michael Kruchten
Senior Vice-President Capital Markets and Corporate Planning
Parex Resources Inc.
Phone: (403) 517-1733
Investor.relations@parexresources.com

Not for distribution to US Newswire Services or for dissemination in the United States

PDF available: http://ml.globenewswire.com/Resource/Download/ffda2aa3-e548-4901-a263-7c481176a90d