CALGARY, CANADA--(Marketwired - May 13, 2014) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Parex Resources Inc. ("Parex" or the "Company") (TSX:PXT) is pleased to announce that on May 13, 2014 it held its annual general and special meeting of shareholders (the "Meeting") in Calgary. A total of approximately 64,523,473 common shares (approximately 58.74% of the outstanding common shares) were represented at the Meeting in person or by proxy.

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