Questerre Energy Announces Approval of All Resolutions at AGM and Special Meeting

Questerre Energy Corporation (TSX, OSE:QEC) today announced that all matters presented for approval at its annual general and special meetings of shareholders, held on June 23, 2026, were successfully approved. These meetings, attended by both common and preferred shareholders, served as a crucial platform for making key corporate governance decisions.

At the Common Shareholder Meeting, an ordinary resolution to fix the number of directors to be elected at five was approved by a show of hands. Subsequently, all five nominees proposed in the Company's Management Information Circular dated May 22, 2026 – Michael Binnion, Hans Jacob Holden, Dennis Sykora, Jauvonne Kitto, and Bjorn Inge Tonnessen – were elected as directors for the upcoming term. The detailed voting results indicated overwhelming support for the nominees, with, for instance, Michael Binnion receiving 99.80% of the votes in favor. Additionally, the appointment of Ernst & Young LLP as the company's auditors was also approved.

During the Special Meeting of preferred shareholders, a resolution to consolidate the Series 2 Preferred Shares on a 10:1 basis was approved. This consolidation is expected to result in approximately 45,221,345 Preferred Shares outstanding. The company plans to apply to list these Series 2 Preferred Shares on Euronext Growth Oslo. These preferred shares are designed to track the economic performance and value of the company's Quebec assets.

These approvals at the meetings reaffirm the stability of Questerre Energy's corporate governance structure and reinforce investor confidence in the company's strategic direction. The consolidation and potential listing of the preferred shares could enhance the liquidity and valuation of these specific assets. While no immediate significant stock price movements were noted, the approved resolutions support the long-term viability of the company's strategies.

Questerre Energy is recognized as an energy technology and innovation company, leveraging its expertise in low permeability reservoirs to acquire significant high-quality resources. The company aims to successfully transition its energy portfolio through new clean technologies and innovation. The Series 2 Preferred Shares, issued in January 2026, were part of a corporate reorganization to spin out the Quebec assets, including a significant natural gas discovery, from the rest of the company's holdings. Recent developments, such as the successful test of HCCO® Technology on June 15, 2026, and the sale of non-operated Kakwa Central assets for $23.5 million on May 4, 2026, further highlight the company's active management strategies.

Analysts and market observers view the smooth approval of all general meeting resolutions as an indicator of Questerre's management stability and commitment to its strategic goals. The election of directors and appointment of auditors signal continuity in corporate leadership and financial oversight. The preferred share consolidation and listing plan are considered important steps towards optimizing the value of the Quebec assets and providing more options for investors. The company's continued focus on energy technology and innovation points to its potential for future growth.