PEA Pieridae Energy Limited

Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) today announced that, in accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations, the Company released its Voting Results Report that briefly describes the matters voted upon and the outcome of the votes at the Annual Meeting of Shareholders (the “Meeting”) of Pieridae held on May 11, 2023. Each of the matters acted upon at the Meeting is described below and in greater detail in the 2023 Notice of Annual Meeting of Shareholders and Management Information Circular dated March 27, 2023, a copy of which is available on SEDAR.

Pieridae had 159,066,975 common shares outstanding and eligible to vote at the Meeting, of which 64,397,354 (40.48%) were voted.

VOTING RESULTS

1. Number of Directors: By a resolution passed by ballot, the number of directors of the Company to be elected at the Meeting was approved at eight. Proxies were received in the matter as follows:

Votes For		Votes Against
Number	Percent	Number	Percent
56,347,280	95.48	2,666,826	4.52

2. Election of Directors: By resolution passed by ballot, the following eight nominees were each elected as a director of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the vote were as follows:

Nominee	Votes For		Votes Withheld
	Number	Percent	Number	Percent
Alfred Sorensen	58,928,175	99.85	85,931	0.15
Charles Boulanger	56,292,788	95.39	2,721,318	4.61
Andrew Judson	43,990,558	74.54	15,023,548	25.46
Kiren Singh	58,919,392	99.84	94,714	0.16
Richard Couillard	56,258,012	95.33	2,756,094	4.67
Patricia McLeod, K.C.	58,919,552	99.84	94,554	0.16
Gail Harding, K.C.	58,904,074	99.81	110,032	0.19
Doug Dreisinger	58,921,784	99.84	92,322	0.16

A biography of the board members is available in the Management Information Circular.

3. Appointment of Auditors: By a resolution passed by ballot, Ernst & Young LLP was appointed as the auditors of the Company to hold office until close of the next annual meeting of shareholders of the Company. Proxies were received in the matter as follows:

Votes For		Votes Withheld
Number	Percent	Number	Percent
64,324,262	99.89	73,092	0.11

4. Executive Compensation: By a non-binding resolution passed via ballot, the advisory vote on executive compensation, also known as “say on pay”, as described in the Management Information Circular, was approved. Proxies were received in the matter as follows:

Votes For		Votes Against
Number	Percent	Number	Percent
58,843,544	99.71	170,562	0.29

ABOUT PIERIDAEPieridae is a Canadian energy company headquartered in Calgary, Alberta. Through a number of corporate and asset acquisitions, we have grown into a significant upstream and midstream producer with assets concentrated in the Canadian Foothills, producing conventional natural gas, NGLs, condensate and sulphur. Pieridae provides the energy to fuel people’s daily lives while supporting the environment and the transition to a lower-carbon economy. Pieridae’s common shares trade on the TSX under the symbol “PEA”.

For further information, visit www.pieridaeenergy.com, or please contact:

Alfred Sorensen, Chief Executive Officer	Adam Gray, Chief Financial Officer
Telephone: (403) 261-5900	Telephone: (403) 261-5900
Investor Relations
investors@pieridaeenergy.com

Neither TSX nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.