Parex Resources Announces Voting Results for Election of Directors

| Source: Parex Resources Inc. Parex Resources Inc.

CALGARY, AB--(Marketwired - May 11, 2016) -

NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED STATES

Parex Resources Inc. ("Parex" or the "Company") (TSX: PXT) is pleased to announce that on May 11, 2016 it held its annual general and special meeting of shareholders (the "Meeting"). At the Meeting, shareholders approved the election of eight nominees as directors of Parex to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with the number and percentage of common shares represented at the Meeting voting by way of ballot in favour of and withheld from voting for each of the individual nominees as follows:

    FOR   WITHHELD
    Number   Percentage   Number   Percentage
Curtis Bartlett   117,818,864   99.70%   359,237   0.30%
John Bechtold   116,839,782   98.87%   1,338,319   1.13%
Lisa Colnett   118,135,581   99.96%   42,520   0.04%
Robert Engbloom   117,470,403   99.40%   707,698   0.60%
Wayne Foo   118,168,581   99.99%   9,520   0.01%
Norman McIntyre   118,168,581   99.99%   9,520   0.01%
Ron Miller   117,504,403   99.43%   673,698   0.57%
Paul Wright   117,572,434   99.49%   605,667   0.51%

An audio recording of the Meeting will not be available. The visual presentation from the Meeting is currently available on the Company's website at www.parexresources.com.

Contact Information:

For more information, please contact:
Mike Kruchten
Vice-President Corporate Planning and Investor Relations
Parex Resources Inc.
Phone: (403) 517-1733
Investor.relations@parexresources.com