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Prairie Provident Announces Election of Directors

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CALGARY, Alberta, May 17, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces that, at its annual and special meeting of shareholders held May 16, 2019, the seven nominees set out in the Company's information circular dated April 5, 2019 were elected as directors. Detailed voting results on the election of each nominee are set out below.

Director Nominee

Votes For

Percent

Votes Withheld

Percent

Patrick McDonald (Chair)

80,760,615

80.2

19,886,883

19.8

Terence (Tad) Flynn

80,787,403

80.3

19,860,095

19.7

Tim Granger

81,160,577

80.6

19,486,921

19.4

Derek Petrie

80,987,170

80.5

19,660,328

19.5

William Roach

80,769,518

80.2

19,877,980

19.8

Ajay Sabherwal

80,788,091

80.3

19,859,391

19.7

Rob Wonnacott

80,788,441

80.3

19,859,041

19.7

About Prairie Provident

Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company's strategy is to grow organically in combination with accretive acquisitions of conventional oil prospects, which can be efficiently developed. Prairie Provident's operations are primarily focused at the Michichi and Princess areas in Southern Alberta targeting the Banff, the Ellerslie and the Lithic Glauconite formations, along with an established and proven waterflood project at our Evi area in the Peace River Arch. Prairie Provident protects its balance sheet through an active hedging program and manages risk by allocating capital to opportunities offering maximum shareholder returns.

For further information, please contact:

Prairie Provident Resources Inc.
Tim Granger
President and Chief Executive Officer
Tel: (403) 292-8110
Email: tgranger@ppr.ca
website: www.ppr.ca