May 16, 2018   SOURCE: PR NewsWire

Perpetual Energy Inc. Announces Election of Directors

Perpetual Energy Inc. Announces Election of Directors

CALGARY, May 16, 2018 /PRNewswire/ - (TSX: PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce that the nominees listed in the management proxy circular dated April 2, 2018 were elected as directors of Perpetual. The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier today in Calgary, Alberta are set out below.

Election of Directors

On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of Perpetual:

    Nominee               Votes For           % For       Votes Withheld         % Withheld
    -------               ---------           -----       --------------         ----------

    Clayton H. Riddell             33,707,492       94.12              2,107,411            5.88

    Susan L. Riddell Rose          33,758,518       94.26              2,055,088            5.74

    Robert A. Maitland             33,794,821       94.36              2,018,785            5.64

    Geoffrey C. Merritt            33,580,828       93.77              2,232,778            6.23

    Donald J. Nelson               33,604,794       93.83              2,208,812            6.17

    Ryan A. Shay                   33,794,972       94.36              2,018,634            5.64

    Howard R. Ward                 33,604,348       93.83              2,209,258            6.17

Conference Call and Webcast

The live webcast and presentation from the annual meeting may be replayed at the following link: https://event.on24.com/wcc/r/1660451/BE0D705418C5D60AC52F5397CB94513A.

About Perpetual

Perpetual is an oil and natural gas exploration, production and marketing company headquartered in Calgary, Alberta. Perpetual operates a diversified asset portfolio, including liquids-rich natural gas assets in the deep basin of west central Alberta, heavy oil and shallow natural gas in eastern Alberta, with longer term opportunities through undeveloped oil sands leases in northern Alberta. Additional information on Perpetual can be accessed at www.sedar.com or from the Corporation's website at www.perpetualenergyinc.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Perpetual Energy Inc., Suite 3200, 605 - 5 Avenue SW Calgary, Alberta, Canada T2P 3H5, Telephone: 403 269-4400, Fax: 403 269-4444, Email: info@perpetualenergyinc.com; Susan L. Riddell Rose, President and Chief Executive Officer; W. Mark Schweitzer, Vice President Finance and Chief Financial Officer

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SOURCE Perpetual Energy Inc.