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Headwater Exploration Inc. press release

HEADWATER EXPLORATION INC. ANNOUNCES RESULTS OF ANNUAL SHAREHOLDER MEETING

TSX - Toronto Stock Exchange · Oil · Natural Gas · Natural Gas Liquids · Canada

Canada NewsWire

CALGARY, AB , May 9, 2024 /CNW/ - Headwater Exploration Inc. (" Headwater ") (TSX: HWX) is pleased to announce that the nominees listed in Headwater's management information circular dated March 25, 2024 were elected as directors of Headwater at its annual meeting of shareholders (the " Meeting ") held today, May 9, 2024 . In addition, all other matters considered at the Meeting were approved by Headwater's shareholders.

On a vote by ballot, each of the following ten nominees proposed by management was elected as a director of Headwater:

| Nominee | | Outcome of Vote | Votes For | | Votes Withheld | | Devery Corbin | | Elected | 140,508,731

(99.19%) | | 1,143,969

(0.81%) | | Elena Dumitrascu | | Elected | 140,491,771

(99.18%) | | 1,160,929

(0.82%) | | Chandra Henry | | Elected | 140,462,505

(99.16%) | | 1,190,195

(0.84%) | | Jason Jaskela | | Elected | 141,181,206

(99.67%) | | 471,494

(0.33%) | | Phillip R. Knoll | | Elected | 120,670,799

(85.19%) | | 20,981,901

(14.81%) | | Stephen Larke | | Elected | 134,973,560

(95.28%) | | 6,679,140

(4.72%) | | Kevin Olson | | Elected | 132,062,521

(93.23%) | | 9,590,179

(6.77%) | | David Pearce | | Elected | 140,465,417

(99.16%) | | 1,187,283

(0.84%) | | Neil Roszell | | Elected | 131,127,952

(92.57%) | | 10,524,748

(7.43%) | | Kam Sandhar | | Elected | 140,787,771

(99.39%) | | 864,929

(0.61%) |

KPMG LLP, Chartered Professional Accountants, was appointed as the auditors of Headwater with 99.89% of the shares represented at the Meeting voting in favour of their appointment.

The resolution to accept Headwater's approach to executive compensation was approved, on a non-binding advisory basis, with 98.55% of the shares represented at the Meeting voting in favour of the resolution.

SOURCE Headwater Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/May2024/09/c2248.html

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