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Headwater Exploration Inc. press release

HEADWATER EXPLORATION INC. ANNOUNCES RESULTS OF ANNUAL AND SPECIAL SHAREHOLDER MEETING

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

Canada NewsWire

CALGARY, AB , May 8, 2025 /CNW/ - Headwater Exploration Inc. (" Headwater ") (TSX:HWX) is pleased to announce that the nominees listed in Headwater's management information circular dated March 25, 2025 were elected as directors of Headwater at its annual and special meeting of shareholders (the " Meeting ") held today, May 8, 2025 . In addition, all other matters considered at the Meeting were approved by Headwater's shareholders.

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

| Nominee | | Outcome of Vote | | Votes For | | Votes Withheld | | Chandra Henry | | Elected | | 153,400,160

(97.00%) | | 4,740,699

(3.00%) | | Jason Jaskela | | Elected | | 154,807,827

(97.89%) | | 3,333,032

(2.11%) | | Stephen Larke | | Elected | | 127,017,777

(80.32%) | | 31,123,082

(19.68%) | | Kevin Olson | | Elected | | 148,972,565

(94.20%) | | 9,168,294

(5.80%) | | David Pearce | | Elected | | 152,517,442

(96.44%) | | 5,623,417

(3.56%) | | Neil Roszell | | Elected | | 148,358,241

(93.81%) | | 9,782,618

(6.19%) | | Kam Sandhar | | Elected | | 154,785,737

(97.88%) | | 3,355,122

(2.12%) | | Cheree Stephenson | | Elected | | 154,806,116

(97.89%) | | 3,334,743

(2.11%) |

KPMG LLP, Chartered Professional Accountants, was appointed as the auditors of Headwater with 99.95% 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 99.41% of the shares represented at the Meeting voting in favour of the resolution.

The resolution to approve the unallocated awards under the performance and restricted award plan of the Corporation was approved, with 95.75% 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/May2025/08/c6850.html

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