Tesla Announces Voting Results of Election of Directors

Symbol: TXL

Stock Exchange: TSX                                                                                                        

CALGARY, May 13, 2016 /CNW/ - Tesla Exploration Ltd. ("Tesla" or the "Company") is pleased to announce, in accordance with Toronto Stock Exchange requirements, the results of its Annual General Meeting of Shareholders held on May 13, 2016 (the "AGM").

A total of 19,980,521 common shares were voted in person or by proxy at the AGM, representing 88.58% of the outstanding common shares as at record date for the AGM. Shareholders approved all items of business before the AGM, including the election of all director nominees as follows:

Name of Nominee

Percentage of Votes For

David V. Elgie


Lorne Gartner


Richard Habiak


Ronald P. Mathison


David McGoey



About Tesla

Tesla provides seismic land data acquisition in a multitude of environments in Canada through Tesla Exploration Partnership ("Tesla Canada"), in the U.S.A. through Tesla Exploration Inc. ("Tesla USA"), in South America through Tesla Exploration Trinidad Ltd. ("Tesla Trinidad") Tesla Exploration Colombia S.A.S. ("Tesla Colombia") and Tesla Do Brasil Geotecnia Ltda. ("Tesla Brazil"), which was incorporated in 2014 to explore offshore opportunities off the coast of Brazil. Tesla serves other markets in Europe and Africa mainly through Tesla Exploration International Limited ("Tesla International") and Tesla Exploration Tunisia SARL ("Tesla Tunisia"). Tesla also has an international data processing office in the UK. Tesla Offshore LLC ("Tesla Offshore") operates geophysical hazard surveys and provides positioning services for construction and diving operations in the Gulf of Mexico and internationally using its own vessel and other chartered vessels.

Since the Company's inception in 2000, Tesla has grown both organically and through acquisitions funded by retained earnings and prudent levels of borrowing, from a Canadian focused land seismic business to a global provider of a broad suite of geophysical and related services. Tesla trades on the TSX under the symbol "TXL".

SOURCE Tesla Exploration Ltd.

For further information: Requests for shareholder information should be directed to: Mr. Richard Habiak, President and CEO (403) 216-0990; Mr. Graham Reid, Vice President and CFO, (403) 692-4602


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