Cardinal Energy Ltd. Announces Results of Director Elections

Newsfile Corp.

Fri, May 9, 2025, 3:01 PM 2 min read

Calgary, Alberta--(Newsfile Corp. - May 9, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce the results of the vote on directors at its annual and special shareholders' meeting held on May 9, 2025 (the "Meeting"). A total of 53,879,300 votes representing 33.72% of the total votes entitled to vote at the Meeting, were voted in connection with the election of directors. The voting results for the six directors nominated for election are set forth in the table below.

Name of Nominee	Votes For	Percent (%)	Votes Withheld	Percent (%)
M. Scott Ratushny	48,407,561	89.84%	5,471,739	10.16%
John A. Brussa	45,540,219	84.52%	8,339,081	15.48%
John Gordon	53,150,140	98.65%	729,160	1.35%
John Festival	53,664,465	99.60%	214,835	0.40%
Stephanie Sterling	51,714,955	95.98%	2,164,345	4.02%
Connie Shevkenek	48,926,515	90.81%	4,952,785	9.19%

Connie Shevkenek was elected a new director of Cardinal at the Meeting. Ms. Shevkenek previously served as Vice President, Engineering of Cardinal with her retirement effective May 9, 2025.

Additionally, all other matters put to shareholders were duly passed at the Meeting. For additional details on the voting results with respect to other matters, please refer to the Report of Voting Results which is filed on SEDAR+ at www.sedarplus.ca.

About Cardinal Energy Ltd.

Cardinal is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. Cardinal differentiates itself from its peers by having the lowest decline conventional asset base in Western Canada. Cardinal has commenced its first thermal SAGD oil development project which will further increase the long-term sustainability of the Company.

For further information:

Cody Kwong, Business Development Manager
Email: info@cardinalenergy.ca
Phone: (403) 234-8681