DXI Energy Provides AGM Voting Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/04/16 -- DXI Energy Inc. (NYSE MKT: DXI)(TSX: DXI) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced the results of its Annual General Meeting of Shareholders held on August 3, 2016 at the Company's Vancouver office.

The following sets forth a brief description of each matter which was voted upon at the Meeting and the outcome of the vote:

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                                Outcome       Votes       Votes       Votes
      Description of Matter      of Vote         For     Against    Withheld
----------------------------------------------------------------------------

1.   Fix the number of
     directors to be elected
     at the Meeting at five
     (5).                         Passed      96.06%       3.94%       0.00%
----------------------------------------------------------------------------
2.   To elect the following
     five (5) nominees to
     serve as directors of
     DXI for the ensuing
     year, or until their
     successors are duly
     elected or appointed,
     subject to the
     provisions of the
     Business Corporations
     Act (B.C.) and by-laws
     of DXI:

     Robert Hodgkinson            Passed      83.32%       0.00%      16.68%

     Craig Sturrock               Passed      85.94%       0.00%      14.06%

     Ronnie Bozzer                Passed      87.10%       0.00%      12.90%

     A. Ross Gorrell              Passed      87.55%       0.00%      12.45%

     James Dai                    Passed      89.52%       0.00%      10.48%
----------------------------------------------------------------------------
3.   To approve the re-
     appointment of BDO
     Canada LLP, Chartered
     Professional
     Accountants, as
     auditors of DXI to hold
     office until the next
     annual meeting or until
     their successors are
     appointed and to
     authorize the Board of
     Directors to fix their
     remuneration as such.        Passed      96.53%       0.00%       3.47%
----------------------------------------------------------------------------

About DXI Energy Inc.

DXI Energy Inc. is an upstream oil and natural gas exploration and production company operating projects in Colorado's Piceance Basin (30,362 net acres) and the Peace River Arch region in British Columbia (14,444 net acres). DXI Energy Inc. maintains offices in Calgary and Vancouver, Canada. The Company is currently publicly traded on the NYSE MKT (NYSE MKT: DXI) and Toronto Stock Exchange (TSX: DXI).

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Follow DXI Energy's latest developments on: Facebook http://facebook.com/dxienergy and Twitter @dxienergy.

Contacts:
DXI Energy Inc.
Robert L. Hodgkinson
Chairman & CEO
604-638-5055
[email protected]

DXI Energy Inc.
Craig Allison
Investor Relations- New York
914-882-0960
[email protected]

Source: DXI Energy Inc.

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