Advantage Announces Annual Meeting Voting Results on Election of Directors

Advantage Announces Annual Meeting Voting Results on Election of Directors

(TSX: AAV, NYSE: AAV)

CALGARY, May 29, 2018 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage") is pleased to announce that on May 29, 2018 it held its annual general and special meeting of shareholders (the "Meeting"). A total of 161,059,835 common shares (approximately 86.50% of the outstanding common shares) were represented at the Meeting in person or by proxy.

At the Meeting, shareholders approved the election of six nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with the number and percentage of common shares represented at the Meeting voting by way of ballot in favour or withheld from voting for the individual nominees as follows:

                FOR                WITHHELD
                ---                --------

               Number             Percentage        Number           Percentage
               ------             ----------        ------           ----------

    Jill T.
     Angevine         148,550,991            97.88%        3,211,542            2.12%

    Stephen
     E.
     Balog            149,098,287            98.24%        2,664,246            1.76%

    Grant B.
     Fagerheim        149,078,117            98.23%        2,684,416            1.77%

    Paul G.
     Haggis           149,074,435            98.23%        2,688,098            1.77%

    Andy J.
     Mah              150,589,340            99.23%        1,173,193            0.77%

    Ronald
     A.
     McIntosh         148,462,811            97.83%        3,299,722            2.17%

For complete voting results, please see our Report of Voting Results available on SEDAR at www.sedar.com.

Craig Blackwood, Vice President, Finance and Chief Financial Officer, (403) 718-8005 or Investor Relations, Toll free: 1-866-393-0393; ADVANTAGE OIL & GAS LTD., 300, 440 - 2nd Avenue S.W., Calgary, Alberta, T2P 5E9, Phone: (403) 718-8000, Fax: (403) 718-8332, Web Site: www.advantageog.com, E-mail: ir@advantageog.com

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SOURCE Advantage Oil & Gas Ltd.