Shareholders voted as follows on the matters before the meeting:

Fixing the number of Directors

Shareholders fixed the number of directors at five (5) with 99.78% of shares represented at the meeting voting in favour.

Re-election of Directors

Shareholders elected the following five (5) board members to serve on the Company's board of directors until the next annual meeting of shareholders or until their successors are elected or appointed:

Director        For        Withheld

Chris Bruijnzeels   798,084,332 99.96% 4,972,741 0.04%
Garrett Soden   798,101,217 99.96% 4,955,826 0.04%
Michael Ebsary   798,081,110 99.96% 4,975,933 0.04%
Keith Hill   795,243,398 99.61% 7,813,645 0.39%
William Lundin   798,300,091 99.99% 4,756,952 0.01%

Appointment of Auditors

Shareholders appointed PricewaterhouseCoopers LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor with 99.97% of shares represented at the meeting voting in favour.

Approval of Stock Option Plan

The Company's incentive stock option plan was approved by shareholders with 98.91% of shares represented at the meeting voting in favour.

Important Information

ShaMaran is obliged to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact person set out below on June 25, 2024, at 5:30 p.m. Eastern Time.

The Company's certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB.

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

Source: ShaMaran Petroleum Corp.
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