PXT Parex Resources Inc

Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that on May 12, 2022 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	94,439,969		99.21%		751,355		0.79%
Sigmund Cornelius	91,920,996		96.56%		3,270,328		3.44%
Robert Engbloom	76,759,963		80.64%		18,431,361		19.36%
Wayne Foo	94,492,136		99.27%		699,188		0.73%
G. R. (Bob) MacDougall	91,929,726		96.57%		3,261,598		3.43%
Glenn McNamara	95,045,922		99.85%		145,402		0.15%
Imad Mohsen	94,825,221		99.62%		366,103		0.38%
Carmen Sylvain	91,650,393		96.28%		3,540,931		3.72%
Paul Wright	87,301,319		91.71%		7,890,005		8.29%

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
91,181,550		95.79%

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

About Parex Resources Inc.

Parex is the largest independent oil and gas company in Colombia, focusing on sustainable, conventional production. Parex’s corporate headquarters are in Calgary, Canada, and the Company has an operating office in Bogotá, Colombia. Parex is a member of the S&P/TSX Composite ESG Index and its shares trade on the Toronto Stock Exchange under the symbol PXT.

For more information, please contact:

Mike KruchtenSenior Vice President, Capital Markets & Corporate PlanningParex Resources Inc. 403-517-1733investor.relations@parexresources.com

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