CALGARY, ALBERTA--(Marketwired - May 5, 2016) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") announces that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 128,234,469 votes, representing 59.00% of total votes entitled to vote at the meeting, were voted in connection with the matters considered at the meeting.

At the meeting, all of the nominees proposed as directors were duly elected as directors of Bonavista with a majority of votes cast by the shareholders present or represented at the meeting as follows:

Name of Nominee Votes For Percent
(%)
Votes Withheld Percent
(%)
Keith A. MacPhail 123,536,074 97.74 2,860,161 2.26
Ian S. Brown 124,517,549 98.51 1,878,686 1.49
Michael M. Kanovsky 124,513,544 98.51 1,882,691 1.49
Sue Lee 123,883,859 98.01 2,512,376 1.99
Margaret A. McKenzie 123,850,858 97.99 2,545,377 2.01
Robert Phillips 124,465,375 98.47 1,930,860 1.53
Ronald J. Poelzer 122,348,272 96.80 4,047,963 3.20
Jason E. Skehar 124,551,611 98.54 1,844,624 1.46
Christopher P. Slubicki 123,864,857 98.00 2,531,378 2.00

Bonavista is a mid-sized dividend paying energy corporation focused on the efficient development of high quality oil and natural gas assets while providing sustainable value to shareholders.

Contact Information:

Jason E. Skehar
President & CEO

Dean M. Kobelka
Vice President, Finance & CFO

Berk Sumen
Investor Relations Lead

Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
Phone: (403) 213-4300
Website: www.bonavistaenergy.com