CALGARY, ALBERTA–(Marketwired – May 4, 2016) – Paramount Resources Ltd. (“Paramount”) (TSX:POU) announces that at its annual meeting of shareholders held on May 4, 2016 the following nine director nominees were elected:
| NOMINEE | VOTES FOR | VOTES WITHHELD | ||
| Number | Percent (%) | Number | Percent (%) | |
| CLAYTON RIDDELL | 82,037,457 | 99.20% | 662,029 | 0.80% |
| JAMES RIDDELL | 81,530,515 | 98.59% | 1,168,971 | 1.41% |
| JAMES BELL | 82,292,044 | 99.51% | 407,442 | 0.49% |
| THOMAS CLAUGUS | 82,288,896 | 99.50% | 410,590 | 0.50% |
| JOHN GORMAN | 82,152,545 | 99.34% | 546,941 | 0.66% |
| DIRK JUNGE | 82,286,088 | 99.50% | 413,398 | 0.50% |
| DAVID KNOTT | 82,238,963 | 99.44% | 460,523 | 0.56% |
| SUSAN RIDDELL ROSE | 81,127,818 | 98.10% | 1,571,668 | 1.90% |
| JOHN ROY | 82,130,449 | 99.31% | 569,037 | 0.69% |
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 (%) | |
| 86,047,277 | 99.84% | 141,553 | 0.16% | |
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”.
Paramount Resources Ltd.
J.H.T. (Jim) Riddell
President and Chief Executive Officer
(403) 290-3600
Paramount Resources Ltd.
B.K. (Bernie) Lee
Chief Financial Officer
(403) 290-3600
(403) 262-7994 (FAX)