Paramount Resources Ltd. — Declaration of Voting Results & Voting Rights Announcements 2023

May 4, 2023

==> picture [126 x 56] intentionally omitted <==

REPORT ON VOTING RESULTS

National Instrument 51-102 - Continuous Disclosure Obligations

The following matters were voted on at the annual general meeting of the shareholders (the “Meeting”) of Paramount Resources Ltd. (the “Company”) held on May 3, 2023.

1. The following seven 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	107,985,057	96.40%	4,031,853	3.60%
James Bell	110,641,545	98.77%	1,375,365	1.23%
Wilfred Gobert	110,867,147	98.97%	1,149,763	1.03%
Dirk Jungé	105,620,527	94.29%	6,396,383	5.71%
Kim Lynch Proctor	110,925,373	99.03%	1,091,537	0.97%
Keith MacLeod	110,938,230	99.04%	1,078,680	0.96%
Susan Riddell Rose	102,390,237	91.41%	9,626,673	8.59%

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 113,937,686 (98.80%) of the votes cast for and 1,379,538 (1.20%) votes withheld.