Paramount Resources Ltd. press release

Paramount Resources Ltd. Announces Annual General Meeting Results

2022-05-05

TSX - Toronto Stock Exchange · Natural Gas · Oil · Natural Gas Liquids · Ethane · Canada · Management & Governance

Canada NewsWire

CALGARY, AB , May 4, 2022 /CNW/ - Paramount Resources Ltd. (the "Company") (TSX: POU) announces that the following eight director nominees were elected at today's annual general meeting of shareholders:

| | VOTES FOR | VOTES WITHHELD | | | | | Number | Percent (%) | Number | Percent (%) | | James Riddell | 110,779,062 | 99.84% | 174,571 | 0.16% | | James Bell | 98,637,438 | 88.90% | 12,316,195 | 11.10% | | Wilfred Gobert | 99,317,473 | 89.51% | 11,636,160 | 10.49% | | Dirk Jungé | 96,314,126 | 86.81% | 14,639,507 | 13.19% | | Kim Lynch Proctor | 99,547,765 | 89.72% | 11,405,868 | 10.28% | | Robert MacDonald | 96,836,181 | 87.28% | 14,117,452 | 12.72% | | Keith MacLeod | 99,362,660 | 89.55% | 11,590,973 | 10.45% | | Susan Riddell Rose | 99,985,982 | 90.12% | 10,967,651 | 9.88% |

In addition, the re-appointment of Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company was approved with 113,889,662 (98.60%) of the votes cast for and 1,621,617 (1.40%) votes withheld.

A BOUT PARAMOUNT

Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company's principal properties are located in Alberta and British Columbia . Paramount's class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".

SOURCE Paramount Resources Ltd.

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