Paramount Resources Ltd. Announces Annual General Meeting Results

CALGARY, AB, May 2, 2024 /CNW/ - 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:

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.

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.