May 4, 2017 - 9:05 PM EDT
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Bonavista Energy Corporation Reports on Voting From Shareholders Meeting

CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") announces that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 151,127,539 votes, representing 59.3% of total votes entitled to vote at the meeting, were voted in connection with the matters considered at the meeting.

At the meeting, all of the nominees proposed as directors were duly elected as directors of Bonavista with a majority of votes cast by the shareholders present or represented at the meeting as follows:

                 
Name of Nominee   Votes For   Percent
(%)
  Votes Withheld   Percent
(%)
Keith A. MacPhail   146,677,485   97.65   3,526,160   2.35
Ian S. Brown   147,776,194   98.38   2,427,451   1.62
Michael M. Kanovsky   145,795,930   97.07   4,407,715   2.93
Sue Lee   148,073,879   98.58   2,129,766   1.42
Margaret A. McKenzie   148,205,450   98.67   1,998,195   1.33
Robert G. Phillips   148,118,833   98.61   2,084,812   1.39
Ronald J. Poelzer   139,946,740   93.17   10,256,905   6.83
Jason E. Skehar   148,637,449   98.96   1,566,196   1.04
Christopher P. Slubicki   141,663,982   94.31   8,539,663   5.69

Bonavista is focused on creating premium shareholder value through the efficient development of high quality oil and natural gas assets.

Jason E. Skehar
President & CEO

Dean M. Kobelka
Vice President, Finance & CFO

Berk Sumen
Investor Relations Lead

Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
Phone: (403) 213-4300
Website: www.bonavistaenergy.com


Source: Marketwired (Canada) (May 4, 2017 - 9:05 PM EDT)

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