TOPAZ ENERGY CORP. ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS
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CALGARY, AB, May 2, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on May 2, 2024 (the "Meeting"). A report of voting results will be available on SEDAR+ at www.sedarplus.ca.
The resolution to appoint the eight (8) nominees as directors of the Company was passed on a vote by poll and each of the directors received the following votes for their election:
| Nominee | Votes For | % For | Votes Withheld | % Withheld |
| Michael L. Rose | 95,953,238 | 95.71 | 4,303,354 | 4.29 |
| Marty Staples | 99,825,291 | 99.57 | 431,301 | 0.43 |
| Tanya Causgrove | 99,945,469 | 99.69 | 311,123 | 0.31 |
| Jim Davidson | 100,150,753 | 99.89 | 105,839 | 0.11 |
| John Gordon | 95,959,005 | 95.71 | 4,297,587 | 4.29 |
| Darlene Harris | 86,023,881 | 85.80 | 14,232,711 | 14.20 |
| Steve Larke | 91,861,366 | 91.63 | 8,395,226 | 8.37 |
| Brian G. Robinson | 94,428,188 | 94.19 | 5,828,404 | 5.81 |
The resolution to appoint KPMG LLP as the Company's auditors was approved with 100,650,346 (99.95%) of the shares represented at the Meeting voting in favour of the resolution.
The non-binding advisory resolution to accept the Company's approach to executive compensation was voted for with 96,926,495 (96.68%) of the shares represented at the Meeting voting in favour of the resolution.
The resolution to approve the unallocated options under the Company's Performance Share Unit Plan was approved with 75,954,130 (75.76%) of the shares represented at the Meeting voting in favour of the resolution.
The resolution to approve the unallocated options under the Company's Deferred Share Unit Plan was approved with 75,636,970 (75.44%) of the shares represented at the Meeting voting in favour of the resolution.
ABOUT THE COMPANY
Topaz is a unique royalty and infrastructure energy company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada's largest and most active natural gas producer, Tourmaline Oil Corp. ("Tourmaline"), an investment-grade senior Canadian E&P company, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance best practices. Topaz focuses on top-quartile energy resources and assets best positioned to attract capital in order to generate sustainable long-term growth and profitability.