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Paramount Resources Ltd. Regulatory Filings 2021

May 6, 2021

43230_rns_2021-05-05_64773cb1-3c80-4e9d-b31e-a55b7239ef36.pdf

Regulatory Filings

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REPORT ON VOTING RESULTS

National Instrument 51-102 - Continuous Disclosure Obligations

The following matters were voted on by ballot at the annual general meeting of the shareholders (the “Meeting”) of Paramount Resources Ltd. (the “Company”) held on May 5, 2021.

  1. The following eight director nominees were elected at the Meeting to serve as directors of the Company until the next annual meeting of shareholders or until their respective successors are elected or appointed.
VOTES FOR VOTES WITHHELD
Number Percent (%) Number Percent (%)
James Riddell 103,951,126 99.93% 69,800 0.07%
James Bell 103,455,770 99.46% 565,156 0.54%
Wilfred Gobert 101,488,593 97.57% 2,532,333 2.43%
Dirk Jungé 103,848,141 99.83% 172,785 0.17%
Kim Lynch Proctor 103,945,519 99.93% 75,407 0.07%
Robert MacDonald 103,817,004 99.80% 203,922 0.20%
Keith MacLeod 103,910,907 99.89% 110,019 0.11%
Susan Riddell Rose 103,478,619 99.48% 542,307 0.52%
  1. 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 105,497,656 (99.56%) of the votes cast for and 462,600 (0.44%) votes withheld.

  2. An ordinary resolution approving the unallocated options under the Company’s stock option plan was approved with 100,225,352 (96.35%) of the votes cast for and 3,795,574 (3.65%) of the votes cast against.

  3. An ordinary resolution confirming certain amendments to the bylaws of the Company concerning the holding of shareholder meetings by electronic means was approved with 103,963,440 (99.94%) of the votes cast for and 57,486 (0.06%) of the votes cast against.