CALGARY, May 2, 2024 - Paramount Resources Ltd. ("Paramount" or 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 | ( %) | Number | ( %) |
| James Riddell | 114,853,112 | 99.76 | 275,160 | 0.24 |
| James Bell | 103,437,570 | 89.85 | 11,690,702 | 10.15 |
| Wilfred Gobert | 111,627,876 | 96.96 | 3,500,396 | 3.04 |
| Dirk Jungé | 114,279,720 | 99.26 | 848,552 | 0.74 |
| Kim Lynch Proctor | 114,885,635 | 99.79 | 242,637 | 0.21 |
| Keith MacLeod | 114,862,278 | 99.77 | 265,994 | 0.23 |
| Jill McAuley | 115,067,874 | 99.95 | 60,398 | 0.05 |
| Susan Riddell Rose | 99,536,075 | 86.46 | 15,592,197 | 13.54 |
The re-appointment of Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company until the next annual meeting of shareholders was approved with 116,787,287 (98.85%) of the votes cast for and 1,362,634 (1.15%) votes withheld.
An ordinary resolution approving the Cash Bonus and Restricted Share Unit Plan of the Company was approved with 95,652,405 (83.08%) of the votes cast for and 19,475,867 (16.92%) of the votes cast against.
In addition, an ordinary resolution approving the unallocated options under the Stock Option Plan of the Company was approved with 95,627,553 (83.06%) of the votes cast for and 19,500,719 (16.94%) of the votes cast against.
About Paramount
Paramount is an independent, publicly traded, liquids-rich natural gas 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.
Contact
Paramount Resources Ltd., James H.T. Riddell, President and Chief Executive Officer and Chairman; Paul R. Kinvig, Chief Financial Officer; Rodrigo R. Sousa, Executive Vice President, Corporate Development and Planning, www.paramountres.com, Phone: (403) 290-3600
