Newport Announces Election of Directors

Trading Symbol: NWX (TSX-V)

VANCOUVER, Dec. 6, 2019 /CNW/ - Newport Exploration Ltd ("Newport" or "the Company") is pleased to announce that the nominees listed in the management information circular for the 2019 Annual General Meeting ("AGM") of Shareholders were elected as directors of Newport.  A total of 55,801,210 common shares or 53.43 per cent of Newport's issued and outstanding common shares were voted in connection with the AGM.  The detailed results are set out in the table.

Nominee	Votes For	% For	Votes Withheld	% Withheld
Ian Rozier	54,303,050	97.32	1,498,160	2.68
Barbara Dunfield	54,303,050	97.32	1,498,160	2.68
Merfyn Roberts	55,670,050	99.76	131,160	0.24
James Robertson	54,330,550	97.36	1,470,660	2.64

  

These AGM results indicate strong support for the management and Board of Directors of the Company and for the current management strategy of allocating capital to shareholders through dividends; to date, the Company has paid out more than 85% of all royalty receipts.  As previously reported (Company News Release dated 3^rd December, 2019), the Company is in the process of reviewing its dividend policy going forward.

Neither the 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 accuracy or adequacy of this news release.

SOURCE Newport Exploration Ltd.

Ian Rozier, Director and Chief Executive Officer, [phone], [email protected], www.newport-exploration.com, www.beachenergy.com.au, www.santos.com