Peyto Exploration & Development Corp. Announces Voting Results From Annual Meeting of Shareholders

Peyto Exploration & Development Corp. (TSX – PEY) ("

Peyto

") is pleased to announce that the nominees listed in the information circular – proxy statement dated April 4, 2024 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "

Meeting

") held on May 22, 2024. The detailed results of the votes for the election of directors, the appointment of auditors and the advisory vote on executive compensation held at the Meeting are set out below.

Election of Directors

On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of Peyto:

Nominee		Outcome of Vote		Votes For		Votes Withheld
Donald Gray		Elected		92,431,084		4,834,863
Michael MacBean		Elected		93,275,111		3,990,836
Brian Davis		Elected		95,722,735		1,543,212
Darren Gee		Elected		95,505,866		1,760,081
Debra Gerlach		Elected		96,016,249		1,249,698
John W. Rossall		Elected		96,617,164		648,783
Jean-Paul Lachance		Elected		96,569,138		696,809
Jocelyn McMinn		Elected		95,691,582		1,574,365
Nicki Stevens		Elected		96,429,029		836,918

Appointment of Auditors 

By ordinary resolution passed via ballot, Deloitte LLP, Chartered Professional Accountants, were appointed as auditors of Peyto until 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 (%)
94,988,649		96.41		3,536,505		3.59

Advisory Vote on Executive Compensation

By ordinary resolution passed via ballot, the non-binding advisory resolution concerning Peyto's approach to executive compensation was approved. The results of the ballot were as follows:

Votes For		Percent (%)		Votes Against		Percent (%)
89,477,333		91.99		7,788,614		8.01

For further information please contact:

Jean-Paul LachancePresident and Chief Executive OfficerPhone:        [phone]        Fax:            [phone]