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Parex Resources Announces Voting Results of Shareholders' Meeting

CALGARY, Alberta, May 14, 2020 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parexor theCompany”) (PXT.TO) is pleased to announce that on May 14, 2020 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

106,904,977

98.26%

1,888,053

1.74%

Sigmund Cornelius

108,779,131

99.99%

13,899

0.01%

Robert Engbloom

101,481,410

93.28%

7,311,620

6.72%

Wayne Foo

108,430,370

99.67%

362,472

0.33%

G. R. (Bob) MacDougall

106,909,180

98.27%

1,883,850

1.73%

Glenn McNamara

108,022,041

99.29%

770,989

0.71%

Carmen Sylvain

108,307,042

99.55%

485,988

0.45%

David Taylor

108,568,685

99.79%

224,025

0.21%

Paul Wright

104,588,031

96.14%

4,204,679

3.86%


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

103,917,062

95.51%

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/d49b8d49-7cc9-4c66-9b3a-4e014afa3b64