CALGARY, ALBERTA–(Marketwired – April 25, 2017) – Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to announce that all matters presented for approval at the Annual General and Special Meeting of Shareholders held April 25, 2017 have been fully authorized and approved. The items on the agenda included fixing the number of directors to be elected at six, electing six proposed director nominees, approval of the performance award plan and appointment of Ernst & Young LLP as auditors.
The results of the voting, inclusive of all votes casts and proxies received for each director nominee, which was conducted by ballot, are as follows:
| Nominee | Votes For | Votes Withheld | ||
| No. | % | No. | % | |
| Ronald Eckhardt | 267,606,495 | 75.32 | 87,695,731 | 24.68 |
| Bryan Begley | 264,110,910 | 74.33 | 91,191,316 | 25.67 |
| Robert Broen | 311,477,358 | 87.67 | 43,824,868 | 12.33 |
| Carlos Fierro | 263,831,664 | 74.26 | 91,470,562 | 25.74 |
| Marshall McRae | 289,700,459 | 81.54 | 65,601,767 | 18.46 |
| Henry Sykes | 291,227,078 | 81.97 | 64,075,148 | 18.03 |
About Athabasca Oil Corporation
Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s common shares trade on the TSX under the symbol “ATH”. For more information, visit www.atha.com.
Matthew Taylor
Vice President, Capital Markets and Communications
1-403-817-9104
mtaylor@atha.com