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Headwater Exploration Inc. Announces Results of Directors Vote

CALGARY, Alberta, June 15, 2020 (GLOBE NEWSWIRE) -- Headwater Exploration Inc. (TSX – HWX) ("Headwater") is pleased to announce that the nominees listed in the management information circular dated April 27, 2020 were elected as directors of Headwater at Headwater's annual and special meeting of shareholders (the "Meeting") held today, June 15, 2020.  The detailed results of the vote for the election of directors held at the Meeting are set out below.

Election of Directors

On a vote by electronic ballot, each of the following seven nominees proposed by management was elected as a director of Headwater:

Nominee   Outcome of Vote   Votes For   Votes Withheld
Chandra Henry   Elected

  99,060,345
(99.93%)
  70,151
(0.07%)
             
Jason Jaskela   Elected

  99,014,155
(99.88%)
  116,341
(0.12%)
             
Phillip R. Knoll   Elected

  99,049,345
(99.92%)
  81,151
(0.08%)
             
Stephen Larke   Elected

  99,060,345
(99.93%)
  70,151
(0.07%)
             
Kevin Olson   Elected

  99,113,246
(99.98%)
  17,250
(0.02%)
             
David Pearce   Elected

  99,060,345
(99.93%)
  70,151
(0.07%)
             
Neil Roszell   Elected

  99,058,345
(99.93%)
  72,151
(0.07%)

For further information please contact:

Neil Roszell
Chairman and Chief Executive Officer

Jason Jaskela
President and Chief Operating Officer

Phone: (587) 391-3680