Parkland Fuel Corporation Announces Shareholder Approval of Corporate Name Change and Results of the 2020 Annual and Special Meeting of Shareholders

CALGARY, Alberta, May 08, 2020 (GLOBE NEWSWIRE) -- Parkland Fuel Corporation, ("Parkland", "We", the "Company", or "Our") (TSX:PKI) held its annual and special meeting of shareholders on May 7, 2020 (the "Meeting").

The Company is pleased to announce that shareholders representing approximately 99.9% of votes cast approved a special resolution authorizing the Company to amend its articles to change its name to "Parkland Corporation" and the adoption of "Corporation Parkland" as its French name. The common shares of the Company will continue to trade on the Toronto Stock Exchange (TSX) under its existing trading symbol, PKI. The effective date of the name change will be May 15, 2020 and the Company's common shares will commence trading on the TSX under the new name within 2-3 business days. Each existing share certificate reflecting the current name of the Company will continue to represent a valid certificate until such certificate is transferred, re-registered or otherwise exchanged.

Furthermore, all matters presented at the meeting were approved included the election of all nine of the nominees listed in its management information circular dated March 31, 2020 (the "Information Circular"). The complete results of voting for business considered at the Meeting are set out below:

Resolution 1

Election of directors of Parkland for the ensuing year.

Nominee	Votes For	%For		Votes Withheld	%Withheld
John F. Bechtold	96,389,584	92.85	%	7,420,425	7.15	%
Lisa Colnett	100,789,666	97.09	%	3,020,343	2.91	%
Robert Espey	102,351,997	98.60	%	1,458,012	1.40	%
Timothy Hogarth	98,907,395	95.28	%	4,902,614	4.72	%
Jim Pantelidis	96,481,478	92.94	%	7,328,531	7.06	%
Domenic Pilla	101,206,634	97.49	%	2,603,375	2.51	%
Steven Richardson	101,635,187	97.90	%	2,174,822	2.10	%
David A. Spencer	97,735,762	94.15	%	6,074,247	5.85	%
Deborah Stein	100,431,854	96.75	%	3,378,155	3.25	%

Resolution 2