Results of Caracal Annual and Special Meeting of Shareholders

CALGARY, May 19, 2014 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Corporation") (LSE:CRCL) announces that at the Annual and Special Meeting of Shareholders (the "Meeting") held in London, UK on May 15, 2014, all resolutions set out in the Notice of Annual and Special Meeting and voted on at the Meeting were passed by the requisite majority.

The following resolutions were voted on at the Meeting and carried on a show of hands:

Resolution Votes For Percent Votes Withheld Percent
The election of the following nominees as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed:        
Carol Bell 39,162,969 100% - -
John Bentley 39,123,038 100% - -
Peter Dey 39,139,841 100% - -
Gary Guidry 39,139,841 100% - -
Robert Hodgins 37,737,156 96.4% 1,385,882 3.6%
Ron Royal 39,162,969 100% - -
Brooke Wade 34,972,233 89.3% 4,190,736 10.7%
The appointment of KPMG LLP, Chartered Accountants as auditors of the Corporation to hold office for the ensuing year. 49,367,157 100% - -

The following resolutions were approved by a vote conducted by ballot at the Meeting:

Resolution Votes For Percent Votes Against Percent
An ordinary resolution authorizing the annual amounts regarding the allotment of equity securities. 36,840,893 89.3% 4,420,986 10.7%
A special resolution authorizing the limits regarding the dis-application of pre-emption rights. 41,225,969 98.2% 751,000 1.8%
An ordinary resolution approving the long-term incentive plan for the Corporation with certain amendments thereto. 28,712,733 69.6% 12,549,235 30.4%

Non-votes and invalid votes have not been counted in the calculation of the proportion of votes for and against each resolution.

A copy of the Voting Report is available on SEDAR at and has been submitted to the National Storage Mechanism and will be available at

About Caracal Energy Inc.

Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company entered into three production sharing contracts ("PSCs") with the government of the Republic of Chad. These PSCs provide exclusive rights, along with its partners, to explore and develop reserves and resources over a combined area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil basins with oil discoveries, and numerous exploration prospects.

The Company's shares trade on the London Stock Exchange under the symbol CRCL.

SOURCE: Caracal Energy Inc.

For further information:

Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
+1 403-724-7200

Longview Communications - Canadian Media Enquiries
Alan Bayless +1 604-694-6035
Joel Shaffer +1 416-649-8006

FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113

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