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Paramount Resources Ltd. press release

Paramount Resources Ltd. Announces Election of Directors

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

Canada NewsWire

CALGARY, May 8, 2019

CALGARY, May 8, 2019/CNW/ - Paramount Resources Ltd. ("Paramount") (TSX - "POU") announces that the following nine director nominees were elected at today's annual general meeting of shareholders:

| NOMINEE | VOTES FOR | VOTES WITHHELD | | | | | Number | Percent (%) | Number | Percent (%) | | JAMES RIDDELL | 98,444,122 | 99.17% | 819,221 | 0.83% | | JAMES BELL | 98,467,324 | 99.20% | 796,019 | 0.80% | | WILFRED GOBERT | 98,477,960 | 99.21% | 785,383 | 0.79% | | JOHN GORMAN | 97,725,294 | 98.45% | 1,538,049 | 1.55% | | DIRK JUNGE | 98,283,295 | 99.01% | 980,048 | 0.99% | | ROBERT MACDONALD | 98,477,394 | 99.21% | 785,949 | 0.79% | | KEITH MACLEOD | 98,168,693 | 98.90% | 1,094,650 | 1.10% | | SUSAN RIDDELL ROSE | 97,865,913 | 98.59% | 1,397,430 | 1.41% | | JOHN ROY | 97,708,647 | 98.43% | 1,554,696 | 1.57% |

The re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation was also approved at the meeting.

Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas resources, including long-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company's principal properties are located in Albertaand British Columbia. 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/May2019/08/c7101.html

Paramount Resources Ltd., J.H.T. (Jim) Riddell, Chairman and President & Chief Executive Officer; B.K. (Bernie) Lee, Executive Vice President, Finance and Chief Financial Officer; Rodrigo (Rod) Sousa, Executive Vice President, Corporate Development and Planning, Phone: (403) 290-3600Copyright CNW Group 2019

Earlier from Paramount Resources Ltd.