Paramount Resources Ltd. Announces Director Election Results From Its 2014 Annual Meeting of Shareholders

CALGARY, ALBERTA--(Marketwired - May 8, 2014) - Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that at its annual meeting of shareholders held on May 8, 2014 the following ten director nominees were elected:

NOMINEE VOTES FOR VOTES WITHHELD
Number Percent (%) Number Percent (%)
CLAYTON RIDDELL 83,105,942 98.97% 865,477 1.03%
JAMES RIDDELL 82,868,395 98.69% 1,103,023 1.31%
JAMES BELL 81,351,239 96.88% 2,620,180 3.12%
THOMAS CLAUGUS 82,723,245 98.52% 1,241,172 1.48%
JOHN GORMAN 83,901,166 99.92% 70,253 0.08%
DIRK JUNGE 83,900,820 99.92% 70,599 0.08%
DAVID KNOTT 83,881,100 99.89% 90,319 0.11%
SUSAN RIDDELL ROSE 79,895,975 95.15% 4,068,442 4.85%
JOHN ROY 83,702,174 99.68% 269,245 0.32%
BERNHARD WYLIE 80,573,716 95.95% 3,397,702 4.05%

In addition, the re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation was approved.

VOTES FOR VOTES WITHHELD
Number Percent (%) Number Percent (%)
85,484,074 99.71% 247,287 0.29%

Paramount is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's Class A Common Shares are listed on the Toronto Stock Exchange under the symbol "POU".

Paramount Resources Ltd.J.H.T. (Jim) RiddellPresident and Chief Operating Officer(403) 290-3600Paramount Resources Ltd.B.K. (Bernie) LeeChief Financial Officer(403) 290-3600(403) 262-7994

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