Kolibri Global Energy Inc. press release

Paramount Resources Ltd. Announces Director Election Results from its 2017 Annual Meeting of Shareholders

2017-05-10

TSX - Toronto Stock Exchange · United States

Canada NewsWire

CALGARY, May 10, 2017

CALGARY, May 10, 2017/CNW/ - Paramount Resources Ltd. ("Paramount") (TSX - "POU") announces that at its annual meeting of shareholders held on May 10, 2017the following seven director nominees were elected:

| NOMINEE | | VOTES FOR | VOTES WITHHELD | | | | | | Number | Percent (%) | Number | Percent (%) | | CLAYTON RIDDELL | | 84,540,337 | 99.24% | 650,297 | 0.76% | | JAMES RIDDELL | | 84.133,157 | 98.76% | 1,057,477 | 1.24% | | JAMES BELL | | 84,932,057 | 99.70% | 258,577 | 0.30% | | JOHN GORMAN | | 84,408,498 | 99.08% | 782,136 | 0.92% | | DIRK JUNGE | | 84,412,126 | 99.09% | 778,508 | 0.91% | | SUSAN RIDDELL ROSE | | 83,827,936 | 98.40% | 1,362,698 | 1.60% | | JOHN ROY | | 84,407,440 | 99.08 | 783,194 | 0.92% |

Also, the re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation was approved.

| VOTES FOR | | VOTES WITHHELD | | | | Number | Percent (%) | | Number | Percent (%) | | 87,213,560 | 99.59% | | 363,243 | 0.41% |

Paramount is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's Class A Common Shares are listed on the Toronto Stock Exchange under the symbol "POU".

SOURCE Paramount Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/May2017/10/c4848.html

Paramount Resources Ltd.: J.H.T. (Jim) Riddell, President and Chief Executive Officer, B.K. (Bernie) Lee, Chief Financial Officer, Phone: (403) 290-3600, Fax: (403) 262-7994Copyright CNW Group 2017