CALGARY, Alberta, May  08, 2025  (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that on May 8, 2025, it held its annual general 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:

DirectorVOTES IN FAVORVOTES WITHHELDNumberPercentageNumberPercentageLynn Azar62,921,41299.41%375,4190.59%Sigmund Cornelius62,947,63699.45%349,1950.55%Wayne Foo62,313,10598.45%983,7261.55%Mona Jasinski63,132,82399.74%164,0080.26%Jeff Lawson63,142,30999.76%154,5220.24%G.R. (Bob) MacDougall62,922,12199.41%374,7100.59%Glenn McNamara61,045,20696.44%2,251,6253.56%Imad Mohsen62,936,76099.43%360,0710.57%Carmen Sylvain61,673,29897.44%1,623,5332.56%

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  NumberPercentage  60,730,71895.95%

Full voting results on all matters considered at the Meeting are available on the Company’s profile on SEDAR+ (www.sedarplus.ca).

About Parex Resources Inc.

Parex is one of the largest independent oil and gas companies in Colombia, focusing on sustainable conventional production. The Company’s corporate headquarters are in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex shares trade on the Toronto Stock Exchange under the symbol PXT.

For more information, please contact:

Mike Kruchten
 Senior Vice President, Capital Markets & Corporate Planning 
 Parex Resources Inc. 
 403-517-1733 
 [email protected]

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