Paramount Resources Ltd. Announces Director Election Results From Its 2016 Annual Meeting of Shareholders

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Paramount Resources Ltd. Announces Director Election Results From Its 2016 Annual Meeting of Shareholders

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) 262-7994
(403) 290-3600

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