TSX/CAD and LSE/GBp Quotes by TradingView

VALEURA ANNOUNCES VOTING RESULTS

Calgary, May 14, 2021: Valeura Energy Inc. (TSX:VLE, LSE:VLU) (the “Corporation” or “Valeura”), an upstream oil and gas company with assets in the Thrace Basin of Turkey, is pleased to provide the voting results from its annual and special meeting of shareholders held on May 13, 2021.

Shareholders voted on and approved the following proposals: (1) the appointment of KPMG LLP as the auditors of the Corporation; (2) the election of the directors of the Corporation; (3) the continuance of the Corporation’s shareholder rights plan; and (4) the approval of the Corporation’s amended and restated by-laws.

The voting results for the election of directors are as follows:

Total Votes % of Votes Cast
Nominee For Withheld Total For Withheld
Dr. W. Sean Guest 21,701,863 673,866 22,375,729 96.99% 3.01%
Dr. Timothy R. Marchant 21,380,713 995,016 22,375,729 95.55% 4.45%
James D. McFarland 21,760,195 615,534 22,375,729 97.25% 2.75%
Ronald W. Royal 21,701,863 673,866 22,375,729 96.99% 3.01%
Russell J. Hiscock 21,797,047 578,682 22,375,729 97.41% 2.59%
Kimberley K. Wood 21,219,347 1,156,382 22,375,729 94.83% 5.17%
Timothy N. Chapman 22,113,197 262,532 22,375,729 98.83% 1.17%

About the Company

Valeura is a Canada-based public company engaged in the exploration, development and production of petroleum and natural gas in Turkey.

Additional information relating to Valeura is also available on SEDAR at www.sedar.com and on the Corporation’s corporate website at www.valeuraenergy.com.

For further information please contact:

Valeura Energy Inc. (General and Investor Enquiries)                       +1 403 237 7102
Sean Guest, President and CEO
Heather Campbell, CFO
Robin Martin, Investor Relations Manager
Contact@valeuraenergy.com, IR@valeuraenergy.com

Auctus Advisors LLP (Corporate Broker)                                          +44 (0) 7711 627 449
Jonathan Wright
Valeura@auctusadvisors.co.uk

CAMARCO (Public Relations, Media Adviser)                                   +44 (0) 20 3757 4980
Owen Roberts, Billy Clegg, Monique Perks, Hugo Liddy
Valeura@camarco.co.uk

This Announcement does not contain inside information.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.