Pinnacle Renewable Holdings Inc. Announces Voting Results from 2018 Annual Meeting of Shareholders

VANCOUVER, June 21, 2018 /CNW/ - Pinnacle Renewable Holdings Inc. ("Pinnacle" or the "Company") (TSX: PL) announced today that each of the nominee directors listed in the management information circular of the Company dated May 15, 2018 (the "Circular") was elected as a director of the Company (a "Director") at the annual meeting of the holders of Common Shares (the "Shareholders") of the Company held today (the "Meeting"). The number of Common Shares voted by proxy for the election of each Director or withheld was as indicated below:

Name of Nominee	Votes For	%	Votes Withheld	%
Gregory Baylin	23,944,517	86	3,931,240	14
Pat Bell	27,583,230	99	292,527	1
Michael Lay	23,944,517	86	3,931,240	14
Hugh MacDiarmid	27,583,430	99	292,327	1
Robert McCurdy	23,986,007	86	3,889,750	14
Jane O'Hagan	27,583,430	99	292,327	1
Leroy Reitsma	23,986,007	86	3,889,750	14

Final results on all matters voted at the Meeting will be filed with the Canadian securities regulatory authorities and will be available on the Company's SEDAR profile at www.sedar.com.

About Pinnacle

Pinnacle is a rapidly growing industrial wood pellet manufacturer and distributor and the third largest producer in the world. The Company produces renewable fuel for electricity generation in the form of industrial wood pellets, which are used by global utilities and large-scale power generators to produce renewable and reliable baseload power. Pinnacle is a trusted supplier to its customers, who require reliable, high quality fuel supply to maximize utilization of their facilities. Pinnacle takes pride in its industry leading safety practices. The Company operates seven industrial wood pellet production facilities in western Canada, a port terminal in Prince Rupert, B.C., and currently has a new production facility under construction in Smithers, B.C. Pinnacle has entered into long-term take-or-pay contracts with utilities in the U.K., Europe and Asia that represent 104% of its production capacity through 2021 and nearly 87% of its production capacity through 2026.

SOURCE Pinnacle Renewable Holdings Inc.

Investor Relations, Pinnacle Renewable Energy, Tel: [phone], Email: [email protected], Web: www.pinnaclepellet.com