NuVista Energy Ltd.

CALGARY, Alberta, May 09, 2025 (GLOBE NEWSWIRE) -- (TSX - NVA) NuVista Energy Ltd. ("NuVista") announces that the following matters were approved at the annual meeting of the shareholders of NuVista held on May 9, 2025. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular dated March 24, 2025 (the "Circular").

1. Fixing the Number of Directors

By resolution passed via ballot, the number of directors to be elected at the meeting was fixed at eight (8) members. The results of the ballot were as follows:

Votes For  Percent  Votes Against  Percent 123,600,347  79.58%  31,709,078  20.42%

2. Election of Directors

By resolution passed via ballot, the following eight nominees were appointed as directors of NuVista to serve until the next annual meeting of shareholders of NuVista, or until their successors are elected or appointed. The results of the ballot were as follows:

Name of Nominee  Votes For  Percent  Votes Withheld  Percent  Pentti O. Karkkainen  122,025,115  79.19%  32,072,619  20.81% Ronald J. Eckhardt  121,781,922  79.03%  32,315,812  20.97% K. L. (Kate) Holzhauser  118,719,905  77.04%  35,377,829  22.96% Michael J. Lawford  122,261,695  79.34%  31,836,039  20.66% Mary Ellen Lutey  122,511,574  79.50%  31,586,160  20.50% Deborah S. Stein  121,029,015  78.72%  32,719,167  21.28% Jonathan A. Wright  117,217,852  76.07%  36,879,882  23.93% Grant A. Zawalsky  112,407,921  72.95%  41,689,813  27.05%

3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of NuVista to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

Votes For  Percent  Votes Withheld  Percent 149,871,999  96.50%  5,437,426  3.50%

4. Non-Binding Advisory Resolution on Executive Compensation

By advisory resolution passed via ballot, NuVista's approach to executive compensation was approved. The results of the ballot were as follows:

Votes For  Percent  Votes Against  Percent 122,075,765  79.22%  32,021,969  20.78%

INVESTOR INFORMATION

NuVista is an independent Canadian oil and natural gas exploration, development and production corporation with its Common Shares trading on the Toronto Stock Exchange under the symbol “NVA”.

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NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Our primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.

FOR FURTHER INFORMATION CONTACT:

Mike J. Lawford  Ivan J. Condic  President and CEO  VP, Finance and CFO  (403) 538-1936  (403) 538-1954

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