Parex Resources Announces Voting Results of Shareholders’ Meeting

CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that on May 12, 2026, it held its annual general and special meeting of shareholders (the “Meeting”) and all matters presented 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:

Director	VOTES IN FAVOR		VOTES WITHHELD
	Number	Percentage	Number	Percentage
Lynn Azar	68,487,623	98.92%	747,336	1.08%
Alberto Consuegra	68,979,558	99.63%	255,401	0.37%
Sigmund Cornelius	68,949,552	99.59%	285,407	0.41%
Mona Jasinski	68,066,053	98.31%	1,168,906	1.69%
Jeff Lawson	68,964,542	99.61%	270,417	0.39%
G.R. (Bob) MacDougall	68,215,645	98.53%	1,019,314	1.47%
Glenn McNamara	66,186,412	95.60%	3,048,547	4.40%
Imad Mohsen	68,918,928	99.54%	316,031	0.46%
Carmen Sylvain	67,147,669	96.99%	2,087,290	3.01%

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
Number	Percentage
64,349,936	92.94%

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]

Steven Eirich
Senior Investor Relations & Communications Advisor
Parex Resources Inc.
587-293-3286
[email protected]

NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED STATES

PDF available: http://ml.globenewswire.com/Resource/Download/896cc559-740e-4bcc-b030-cee26c101f75

Source: Parex Resources Inc.

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