CALGARY, May 08, 2020 - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce the results from the 2020 Annual General and Special Meeting of Shareholders held on May 7, 2020 (the "Meeting").
ELECTION OF DIRECTORS
Shareholders elected each of the nominees proposed by management as set forth in the information circular of the Corporation dated March 20, 2020. The results of the voting on the election of directors is set forth below.
| Director Nominee | | Outcome of Vote | | Percentage
of Votes For | | Percentage
of Votes Withheld |
| Kevin D. Angus | | Passed | | 98.82 | | 1.18 |
| Glenn R. Carley | | Passed | | 98.79 | | 1.21 |
| Joan E. Dunne | | Passed | | 99.09 | | 0.91 |
| Nereus L. Joubert | | Passed | | 99.27 | | 0.73 |
| Lynn Kis | | Passed | | 99.08 | | 0.92 |
| Elizabeth G. Spomer | | Passed | | 99.16 | | 0.84 |
| George W. Voneiff | | Passed | | 99.04 | | 0.96 |
| Patrick R. Ward | | Passed | | 99.19 | | 0.81 |
Each of the directors elected at the meeting will hold office until the close of the next annual meeting of shareholders of the Corporation or until his or her successor is duly elected or appointed pursuant to the by-laws of the Corporation.
Detailed voting results for all resolutions considered by shareholders at the meeting are contained in the report of voting results, which was filed on SEDAR under Painted Pony's profile at www.sedar.com.
BOARD AND COMMITTEE MEMBERSHIP
The Corporation has the following committees: Audit and Risk Committee, Compensation and HR Committee, Governance Committee, Nominating Committee and Reserves and HSE Committee. Current committee membership is set forth below
| Committee | | Chair | | Members |
| Audit and Risk Committee | | Joan E. Dunne* | | Glenn R. Carley*
Lynn Kis* |
| Compensation and HR Committee | | Kevin D. Angus* | | Glenn R. Carley*
Nereus L. Joubert* |
| Governance Committee | | Nereus L. Joubert* | | Glenn R. Carley* |
| Nominating Committee | | Nereus L. Joubert* | | Glenn R. Carley* |
| Reserves and HSE Committee | | Lynn Kis* | | Kevin D. Angus*
Joan E. Dunne*
George W. Voneiff |
* indicates independent directors
ABOUT PAINTED PONY
Painted Pony is a publicly-traded natural gas company based in Western Canada. The Corporation is primarily focused on the development of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. Painted Pony’s common shares trade on the TSX under the symbol “PONY”.
Contact Information:
Patrick R. Ward
President and Chief Executive Officer
Stuart W. Jaggard
Chief Financial Officer
Jason W. Fleury
Director, Investor Relations
(403) 776-3261
(403) 475-0440
1-866-975-0440 toll free
ir@paintedpony.ca
www.paintedpony.ca
