Granite Oil Corp. Announces Results of Shareholder Meeting
CALGARY, Alberta, July 16, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. ("Granite" or the "Company") (TSX:GXO) (OTCQX:GXOCF) is pleased to announce the results from its 2018 annual general meeting of shareholders held on July 16, 2018 in Calgary, Alberta (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated June 19, 2018, a copy of which is available on the Company's SEDAR profile at www.sedar.com. The voting results for each of the matters voted on by the shareholders at the Meeting are provided below.
1. Fixing the Number of Directors
The shareholders passed a resolution fixing the number of directors to be elected at the Meeting to seven. The vote in respect of this matter was carried out by ballot. The detailed results of voting are as follows.
| # Votes For | % Votes For | # Votes Against | % Votes Against |
| 11,901,482 | 99.73 | 32,592 | .27 |
2. Election of Directors
All of the nominees named in the Company's Management Information Circular were elected as directors of the Company. The vote in respect of this matter was carried out by ballot. The detailed results of voting are as follows.
| Nominee | # Votes For | % Votes For | # Votes Withheld | % Votes Withheld |
| Kevin Andrus | 11,538,605 | 96.69 | 395,469 | 3.31 |
| Brendan Carrigy | 11,587,317 | 97.09 | 346,757 | 2.91 |
| Martin Cheyne | 11,587,317 | 97.09 | 346,757 | 2.91 |
| Henry Hamm | 11,586,705 | 97.09 | 347,369 | 2.91 |
| Michael Kabanuk | 11,578,553 | 97.02 | 355,521 | 2.98 |
| Bradley Porter | 11,587,153 | 97.09 | 346,921 | 2.91 |
| Kathy Turgeon | 11,558,368 | 96.85 | 375,706 | 3.15 |
3. Reappointment of Auditor
The shareholders approved the reappointment of KPMG LLP, Chartered Accountants, as the auditors of the Company to hold office until the close of the next annual meeting of shareholders of the Company, at a remuneration to be fixed by the directors. The vote in respect of this matter was carried out by ballot. The detailed results of voting are as follows.
| # Votes For | % Votes For | # Votes Withheld | % Votes Withheld |
| 14,736,232 | 98.78 | 181,660 | 1.22 |
For further information, please contact Michael Kabanuk, President & CEO, by telephone at (587) 349-9123.
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