Prairie Provident Announces Voting Results from Annual Meeting of Shareholders

CALGARY, ALBERTA--(Marketwired - May 18, 2017) - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) is pleased to announce the results of shareholder voting at its annual meeting held May 18, 2017, at which resolutions re-electing the board of directors and appointing the Company's auditors were approved. Approximately 71.9% of the common shares outstanding were represented in person or by proxy at the meeting. The detailed voting results are set out below.

Election of Directors

Each of the following seven nominees was elected as a director of Prairie Provident for the ensuing year, to hold office until the close of the next annual meeting of shareholders.

Director Nominee		Votes For		Percent		Votes Withheld		Percent
Patrick McDonald (Chair)		77,274,267		94.2%		4,796,321		5.8%
David Fitzpatrick		77,270,983		94.2%		4,799,605		5.8%
Terence (Tad) Flynn		77,272,767		94.2%		4,797,821		5.8%
Tim Granger		77,273,242		94.2%		4,797,346		5.8%
Derek Petrie		77,540,161		94.5%		4,530,427		5.5%
Ajay Sabherwal		77,268,442		94.2%		4,802,146		5.8%
Rob Wonnacott		77,377,417		94.3%		4,693,171		5.7%

Appointment of Auditors

Ernst & Young LLP were appointed as auditors of the Company for the ensuing year, to hold office until the close of the next annual meeting of shareholders.

Votes For		Percent		Votes Withheld		Percent
82,649,322		99.6%		326,849		0.4%

About Prairie Provident

Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company's strategy is to grow organically in combination with accretive acquisitions of conventional oil prospects, which can be efficiently developed. Prairie Provident's operations are primarily focused at Wheatland and Princess in Southern Alberta targeting the Ellerslie and the Lithic Glauc formations, along with an early stage waterflood project at Evi in the Peace River Arch. Prairie Provident protects its balance sheet through an active hedging program and manages risk by allocating capital to opportunities offering maximum shareholder returns.