(TSX: AAV)

CALGARY, AB, May 4, 2023 /CNW/ - Advantage Energy Ltd. ("Advantage") is pleased to announce that on May 4, 2023 it held its annual general meeting of shareholders (the "Meeting"). A total of 124,481,542 common shares (approximately 74.87% of the outstanding common shares) were represented at the Meeting in person or by proxy.

At the Meeting, shareholders approved the election of nine (9) nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with the number and percentage of common shares represented at the Meeting voting by way of ballot in favour or withheld from voting for the individual nominees as follows:

FOR WITHHELD Number Percentage Number Percentage Jill T. Angevine 112,250,775 94.53 % 6,494,035 5.47 % Stephen E. Balog 102,627,476 86.43 % 16,117,334 13.57 % Michael E. Belenkie 115,754,051 97.48 % 2,990,759 2.52 % Deirdre M. Choate 116,389,398 98.02 % 2,355,412 1.98 % Donald M. Clague 116,309,746 97.95 % 2,435,064 2.05 % Paul G. Haggis  114,367,501 96.31 % 4,377,309 3.69 % Norman W. MacDonald 117,564,257 99.01 % 1,180,553 0.99 % Andy J. Mah 115,658,921 97.40 % 3,085,889 2.60 % Janine J. McArdle  117,579,457 99.02 % 1,165,353 0.98 %

For complete voting results, please see our Report of Voting Results available on SEDAR at www.sedar.com.

SOURCE Advantage Energy Ltd. Cision

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