Frontera Announces Annual General and Special Meeting Results

TORONTO, May 29, 2019 /CNW/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") today held its annual general and special meeting of shareholders (the "Meeting"), where each of the seven nominees proposed as directors and listed in the Company's management proxy circular dated April 18, 2019 were elected as directors. A total of 74,846,839 common shares were voted in respect of the election of directors at the Meeting, representing 76.29% of the votes attaching to all outstanding common shares. The directors achieved an average approval vote of 99.90% from shareholders.

The detailed results of the vote are set out below:

Nominee	Outcome of vote	Voted	Voted (%)
Gabriel de Alba	Approved	71,315,036 Voted 275,370 Withheld	99.62% 0.38%
Luis Fernando Alarcon	Approved	71,361,346 Voted 229,060 Withheld	99.68% 0.32%
W. Ellis Armstrong	Approved	71,579,678 Voted 10,728 Withheld	99.99% 0.01%
Raymond Bromark	Approved	71,580,478 Voted 9,928 Withheld	99.99% 0.01%
Orlando Cabrales	Approved	71,579,678 Voted 10,728 Withheld	99.99% 0.01%
Russell Ford	Approved	71,580,478 Voted 9,928 Withheld	99.99% 0.01%
Veronique Giry	Approved	71,579,678 Voted 10,728 Withheld	99.99% 0.01%

The shareholders rights plan of the Corporation was continued and the amended and restated rights plan agreement dated May 15, 2019 (the "Rights Plan") was approved, ratified and confirmed. In accordance with the policies of the Toronto Stock Exchange (the "TSX"), the adoption of the Rights Plan is subject to the receipt of final approval of the TSX. The Rights Plan is available on the Company's website at  www.fronteraenergy.ca  and on SEDAR at www.sedar.com. 

For complete voting results on all matters approved at the Meeting, please see the Company's Report of Voting Results dated May 29, 2019 available on SEDAR at www.sedar.com.

About Frontera:

Frontera Energy Corporation is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in South America. The Company has a diversified portfolio of assets with interests in more than 30 exploration and production blocks. The Company's strategy is focused on sustainable growth in production and reserves. Frontera is committed to conducting business safely, in a socially and environmentally responsible manner. Frontera's common shares trade on the Toronto Stock Exchange under the ticker symbol "FEC".

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SOURCE Frontera Energy Corporation

Grayson Andersen, Corporate Vice President, Capital Markets, [phone], [email protected], www.fronteraenergy.ca