NuVista Energy Ltd.: Report on Voting From the 2016 Shareholders Meeting

NuVista Energy Ltd.: Report on Voting From the 2016 Shareholders Meeting

CALGARY, ALBERTA--(Marketwired - May 11, 2016) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) announces that the following matters were approved at the annual and special meeting of the shareholders of NuVista held on May 11, 2016 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated March 24, 2016 (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 nine members. The results of the ballot were as follows:

  Votes For Percent   Votes Against
Percent		  
  131,887,143 99.69 % 407,015 0.31 %

2. Election of Directors

By resolution passed via ballot, the following nine 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		  
             
Keith A. MacPhail 131,648,443 99.59 % 545,841 0.41 %
W. Peter Comber 131,804,802 99.71 % 389,482 0.29 %
Ronald J. Eckhardt 132,095,159 99.93 % 99,125 0.07 %
Pentti O. Karkkainen 131,804,730 99.71 % 389,554 0.29 %
Ronald J. Poelzer 131,330,126 99.35 % 864,158 0.65 %
Brian G. Shaw 132,076,159 99.91 % 118,125 0.09 %
Sheldon B. Steeves 131,531,118 99.50 % 663,166 0.50 %
Jonathan A. Wright 131,785,181 99.69 % 409,103 0.31 %
Grant A. Zawalsky 115,872,463 87.65 % 16,321,821 12.35 %

3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered 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)		  
  131,933,563 99.73 % 360,596 0.27 %

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		  
  131,292,511 99.32 % 901,773 0.68 %

5. Approval of Amendments to Stock Option Plan

By ordinary resolution passed via ballot, certain amendments to NuVista's stock option plan were approved. The results of the ballot were as follows:

  Votes For Percent   Votes Against
Percent		  
  109,397,841 82.76 % 22,796,443 17.24 %

6. Approval of Directors' Deferred Share Unit Plan

By ordinary resolution passed via ballot, NuVista's Directors' Deferred Share Unit Plan was approved. The results of the ballot were as follows:

  Votes For Percent   Votes Against
Percent		  
  117,377,532 88.79 % 14,816,752 11.21 %

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".

Jonathan Wright
President and CEO
(403) 538-8501

Ross Andreachuk
VP, Finance and CFO
(403) 538-8539