Hemisphere Energy Corp press release

Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders

2026-06-10

TSXV - TSX Venture Exchange · Oil · Natural Gas · Canada · Management & Governance

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its Annual General and Special Meeting of Shareholders ("AGSM") that was held today.

A total of 37,674,548 common shares were voted at the AGSM, representing 39.93% of total shares issued and outstanding as at the April 23, 2026 record date of the AGSM.

Shareholders voted in favour of all items considered at the AGSM, including:

1. Fix the Number of Directors: The number of directors of the Company was set at six (6). 2. Election of Directors: The following individuals were elected to the Board of Directors of the Company for the ensuing year: Charles O'Sullivan, Don Simmons, Frank Borowicz, Bruce McIntyre, Gregg Vernon, and Richard Wyman. 3. Appointment of Auditor: Shareholders approved the reappointment of KPMG LLP as auditors of the Company for the ensuing year at a remuneration to be fixed by the Board of Directors. 4. Annual Approval of Stock Option Plan: Shareholders passed an ordinary resolution ratifying and approving the Company's Stock Option Plan. 5. Annual Approval of Bonus Award Incentive Plan: Shareholders passed an ordinary resolution ratifying and approving the Company's Bonus Award Incentive Plan.

About Hemisphere Energy Corporation

Hemisphere is a dividend-paying Canadian oil company focused on maximizing value-per-share growth with the sustainable development of its high netback, low decline conventional heavy oil assets through polymer flood enhanced oil recovery methods. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME" and on the OTCQX Venture Marketplace under the symbol "HMENF".

For further information, please visit the Company's website at www.hemisphereenergy.cato view its corporate presentation or contact:

Don Simmons, President & Chief Executive Officer Telephone: (604) 685-9255 Email: info@hemisphereenergy.ca

Website: www.hemisphereenergy.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300977