Frontera Announces Annual and Special Meeting Results

(Frontera, 18.May.2022) — Frontera Energy Corporation (TSX: FEC) announced results from its 2022 annual and special meeting of shareholders held today.

ELECTION OF DIRECTORS

Shareholders elected each of the nominees proposed by management as set forth in the management information circular of the company dated 5 April 2022. The total number of shares represented by shareholders present in person or by proxy at the meeting was 67,884,047, representing approximately 72.14% of Frontera’s issued and outstanding common shares. The directors achieved an average approval vote of 98.58% from shareholders.

The detailed results of the vote are set out below:

NomineeOutcome of VoteVotedVoted (%)
Gabriel de AlbaApproved61,848,836 Voted 79,309 Withheld99.87% 0.13%
Luis F. Alarcon MantillaApproved60,144,613 Voted 1,783,532 Withheld97.12% 2.88%
W. Ellis ArmstrongApproved61,593,781 Voted 334,364 Withheld99.46% 0.54%
Orlando Cabrales SegoviaApproved61,912,846 Voted 15,299 Withheld99.98% 0.02%
Russell FordApproved61,912,836 Voted 15,309 Withheld99.98% 0.02%
Veronique GiryApproved61,672,155 Voted 255,990 Withheld99.59% 0.41%
Rene Burgos DiazApproved58,253,378 Voted 3,674,767 Withheld94.07% 5.93%

Each of the directors elected at the meeting will hold office until the close of the next annual meeting of shareholders of the company or until he or she resigns or his or her successor is duly elected or appointed pursuant to the articles of the company.

Detailed voting results for all resolutions considered by shareholders at the Meeting are contained in the report of voting results, which is available on SEDAR under the company’s profile at www.sedar.com.

BOARD AND COMMITTEE MEMBERSHIP

The company has the following committees: Audit Committee, Compensation and Human Resources Committee (CHRC) and Corporate Governance, Nominating and Sustainability Committee (CGNSC). Current committee membership is set forth below:

CommitteeMembers
Audit CommitteeW. Ellis Armstrong (Chair) Russell Ford Rene Burgos Diaz
CHRCGabriel de Alba (Chair) Russell Ford Rene Burgos Diaz
CGNSCLuis F. Alarcon Mantilla (Chair) W. Ellis Armstrong Veronique Giry

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