Paramount Resources Ltd. Announces Director Election Results From Its 2015 Annual Meeting of Shareholders

CALGARY, ALBERTA - May 7, 2015 /CNW/ - Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that at its annual meeting of shareholders held on May 7, 2015 the following nine director nominees were elected:

NOMINEE VOTES FOR   VOTES WITHHELD
  Number   Percent (%)   Number   Percent (%)
CLAYTON RIDDELL 86,907,335   98.41%   1,408,235   1.59%
JAMES RIDDELL 86,032,552   97.41%   2,283,170   2.59%
JAMES BELL 83,481,660   94.53%   4,833,910   5.47%
THOMAS CLAUGUS 87,114,843   98.64%   1,200,727   1.36%
JOHN GORMAN 83,384,018   94.42%   4,931,552   5.58%
DIRK JUNGE 87,843,393   99.47%   472,177   0.53%
DAVID KNOTT 87,833,400   99.45%   482,170   0.55%
SUSAN RIDDELL ROSE 83,652,202   94.72%   4,663,368   5.28%
JOHN ROY 83,023,046   94.01%   5,292,524   5.99%

Also, the re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation was approved.

  VOTES FOR   VOTES WITHHELD
  Number   Percent (%)   Number   Percent (%)
  89,588,607   99.48%   494,460   0.52%

In addition, all unallocated options under Paramount's Stock Option Plan were authorized and approved.

  VOTES FOR   VOTES AGAINST
  Number   Percent (%)   Number   Percent (%)
  68,285,182   77.32%   20,030,377   22.68%

Paramount is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's Class A Common Shares are listed on the Toronto Stock Exchange under the symbol "POU".

For further information: Paramount Resources Ltd., J.H.T. (Jim) Riddell, President and Chief Operating Officer, (403) 290-3600 / Paramount Resources Ltd., B.K. (Bernie) Lee, Chief Financial Officer, (403) 290-3600, (403) 262-7994 (FAX), www.paramountres.com

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