Whitecap Resources Inc. — Declaration of Voting Results & Voting Rights Announcements 2021

Feb 19, 2021

WHITECAP RESOURCES INC.

Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations

In respect of the special meeting of holders (" Whitecap Shareholders ") of common shares (" Whitecap Shares ") of Whitecap Resources Inc. (" Whitecap ") held on February 18, 2021 (the " Meeting "), the following sets forth a brief description of each matter voted upon at the Meeting and the outcome of the vote:

Description of Matter	Description of Matter	Ot f Vt	Ot f Vt	**Votes by **	**Votes by **	Ballot	Ballot
				Vt F		Votes Against
	pon o aer	ucome o oe		oes or		**oesg **
1. Ordinary resolution, the full text of which is setforth in Appendix "B" to the joint managementinformation circular and proxy statement ofWhitecap and TORC Oil & Gas Ltd. ("TORC")dated January 5, 2021 (the "Circular"), toapprove the issuance of such number of commonshares of Whitecap as are required to be issuedpursuant to a plan of arrangement under Section193 of the_Business Corporations Act_(Alberta)involving Whitecap, TORC and the holders ofcommon shares of TORC, all as more particularlydescribed in the Circular.2. Special resolution, the full text of which is setforth in the Circular under the heading "Matters	rdinary resolution, the full text of which is setrth in Appendix "B" to the joint managementformation circular and proxy statement ofhitecap and TORC Oil & Gas Ltd. ("TORC")ated January 5, 2021 (the "Circular"), toprove the issuance of such number of commonares of Whitecap as are required to be issuedursuant to a plan of arrangement under Section93 of the_Business Corporations Act_(Alberta)volving Whitecap, TORC and the holders ofmmon shares of TORC, all as more particularlyescribed in the Circular.pecial resolution, the full text of which is set"		Resolution	207,486,9(99.89%205,726,0	20	221,3	1%2
			approvedResolution		)29	(0.111,982,
		approved		(99.05%)

1. Special resolution, the full text of which is set forth in the Circular under the heading " Matters to be Considered at the Whitecap Meeting ", to approve the amendment of the articles of Whitecap to increase the maximum number of directors from nine (9) to twelve (12), all as more particularly described in the Circular.