CALGARY, ALBERTA–(Marketwired – June 30, 2016) – Tamarack Valley Energy (“Tamarack” or the “Company“) (TSX:TVE) announces that at its annual general meeting of the holders (“Shareholders“) of common shares of Tamarack held on June 30, 2016 (the “Meeting“), the following six director nominees were elected by a show of hands as directors of Tamarack to hold office until the next annual meeting of Shareholders or until their successors are duly elected or appointed, unless such office is vacated earlier in accordance with the Company’s articles or by-laws:
| Votes For | Votes Withheld | |||||
| Nominee | Number | Percentage | Number | Percentage | ||
| Brian Schmidt | 41,602,449 | 59.84 | % | 27,917,309 | 40.16 | % |
| David R. MacKenzie | 69,517,756 | 100.00 | % | 2,002 | 0.00 | % |
| Floyd Price | 69,088,175 | 99.38 | % | 431,584 | 0.62 | % |
| Dean Setoguchi | 69,088,050 | 99.38 | % | 431,709 | 0.62 | % |
| Jeffrey Boyce | 38,865,045 | 55.91 | % | 30,654,714 | 44.09 | % |
| Noralee Bradley | 36,470,580 | 52.46 | % | 33,049,179 | 47.54 | % |
At the Meeting, Tamarack Shareholders also approved an ordinary resolution approving the appointment of KPMG LLP, Chartered Accountants, as auditors of the Company until the close of the next annual meeting of Shareholders, at a remuneration to be fixed by the board of directors of Tamarack.
About Tamarack Valley Energy Ltd.
Tamarack is an oil and gas exploration and production company committed to long-term growth and the identification, evaluation and operation of resource plays in the Western Canadian Sedimentary Basin. Tamarack’s strategic direction is focused on two key principles – targeting repeatable and relatively predictable plays that provide long-life reserves, and using a rigorous, proven modeling process to carefully manage risk and identify opportunities. The Company has an extensive inventory of low-risk, oil development drilling locations focused primarily in the Cardium and Viking fairways in Alberta that are economic at a variety of oil and natural gas prices. With this type of portfolio and an experienced and committed management team, Tamarack intends to continue delivering on its strategy to maximize shareholder return while managing its balance sheet.
Brian Schmidt
President & CEO
403.263.4440
Tamarack Valley Energy Ltd.
Ron Hozjan
VP Finance & CFO
403.263.4440
www.tamarackvalley.ca