Cardinal Energy Ltd. Report on Voting From the 2023 Shareholders Meeting

CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) -- (TSX - CJ) Cardinal Energy Ltd. ("Cardinal" or the "Company") held its annual shareholders meeting (the "Meeting") today. A total of 52,335,561 votes representing 33.07% of the total votes entitled to vote at the Meeting, were voted in connection with the matters considered at the Meeting.

Full results for all resolutions are set forth below.

1. Fixing number of Directors

By ordinary resolution passed via ballot, the number of directors to be elected at the Meeting was fixed at five members. The results of the ballot were as follows:

	Votes For		Percent (%)		Votes Against		Percent (%)
	50,410,329		99.87		65,545		0.13

2. Election of Directors

By ordinary resolution passed via ballot, all of the nominees proposed as directors were duly elected as directors of Cardinal to serve until the next annual meeting or until their successors are duly appointed or elected. The results of the ballot were as follows:

Name of Nominee		Votes For		Percent (%)		Votes Withheld		Percent (%)
M. Scott Ratushny		50,261,269		99.57		214,605		0.43
John A. Brussa		47,034,981		93.18		3,440,893		6.82
John Gordon		50,004,333		99.07		471,541		0.93
David D. Johnson		47,322,192		93.75		3,153,682		6.25
Stephanie Sterling		46,665,362		92.45		3,810,512		7.55

3. Appointment of Auditors