PXT Parex Resources Inc

Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is pleased to announce that on May 6, 2021 it held its annual general and special meeting of shareholders (the "Meeting") and all matters presented for approval have been fully authorized and approved.

At the Meeting, shareholders approved the election of nine nominees as directors of Parex to serve until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the ballot were as follows:

	VOTES FOR					VOTES WITHHELD
	Number		Percentage			Number		Percentage
Lisa Colnett	100,129,749		99.66%			340,516		0.34%
Sigmund Cornelius	99,732,459		99.27%			737,806		0.73%
Robert Engbloom	92,710,308		92.28%			7,759,957		7.72%
Wayne Foo	99,390,232		98.93%			1,080,033		1.07%
G. R. (Bob) MacDougall	99,783,539		99.32%			686,726		0.68%
Glenn McNamara	99,950,490		99.48%			519,775		0.52%
Imad Mohsen	100,155,940		99.69%			314,325		0.31%
Carmen Sylvain	97,411,461		96.96%			3,058,804		3.04%
Paul Wright	95,795,365		95.35%			4,674,900		4.65%

In addition, a non-binding advisory resolution concerning the Company's approach to executive compensation was approved. The results of the ballot were as follows:

	VOTES FOR
	Number		Percentage
	99,070,734		98.61%

Full voting results on all matters considered at the Meeting are available on our profile on SEDAR, located at www.sedar.com.

For more information please contact:

Michael Kruchten Senior Vice-President Capital Markets and Corporate Planning Parex Resources Inc. Phone: (403) 517-1733 Investor.relations@parexresources.com

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