Valeura announces voting results

CALGARY, May 12, 2016

Shareholders voted on and approved the following proposals: (1) the appointment of KPMG LLP as the auditors of the Corporation; and (2) the election of the directors of the Corporation.

The voting results for the election of directors are as follows:

	Total Votes				% of Votes Cast
Nominee	For ARIVA.DE Börsen-Geflüster Kurse Valeura Energy Inc. 4,30 $ +7,23%	Withheld	Total		For	Withheld
William T. Fanagan	15,088,630	9,800	15,098,430		99.94	0.06
Claudio A. Ghersinich	15,082,330	9,800	15,092,130		99.94	0.06
Timothy R. Marchant	15,082,330	9,800	15,092,130		99.94	0.06
James D. McFarland	15,082,330	9,800	15,092,130		99.94	0.06
Ronald W. Royal	15,075,330	16,800	15,092,130		99.89	0.11

Mr. Abdel F. Badwi, a director since the founding of the Corporation in 2010, did not stand for re-election at the annual meeting of shareholders. The Corporation wishes to thank Mr. Badwi for his many contributions through the formative years of the Corporation and wishes him well in his future endeavors.

ABOUT THE CORPORATION

Valeura is a Canada-based public company currently engaged in the exploration, development and production of petroleum and natural gas in Turkey.

Additional information relating to Valeura is also available on SEDAR at www.sedar.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Valeura Energy Inc.