RUBELLITE ENERGY INC. ANNOUNCES ELECTION OF DIRECTORS

CALGARY, AB, May 25, 2022 /CNW/ - (TSX: RBY) – Rubellite Energy Inc. ("Rubellite" or the "Corporation") is pleased to announce that the nominees listed in the management proxy circular dated March 22, 2022 were elected as directors of Rubellite. The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier today in Calgary, Alberta are set out below.

Election of Directors

Each of the following five nominees proposed by management was elected as a director of Rubellite:

Nominee		Votes For		% For		Votes Withheld		% Withheld
Susan L. Riddell Rose		32,796,061		99.913		28,632		0.087
Holly A. Benson		32,821,053		99.989		3,640		0.011
Tamara L. MacDonald		32,821,061		99.989		3,632		0.011
Ryan A. Shay		32,811,496		99.960		13,197		0.040
Bruce C. Shultz		32,811,496		99.960		13,197		0.040

ADDITIONAL INFORMATION

About Rubellite

Rubellite is a Canadian energy company engaged in the exploration, development and production of heavy crude oil from the Clearwater formation in Eastern Alberta, utilizing multi-lateral drilling technology. Rubellite has a pure play Clearwater asset base and is pursuing a robust organic growth plan focused on superior corporate returns and funds flow generation while maintaining a conservative capital structure and prioritizing environmental, social and governance ("ESG") excellence. Additional information on Rubellite can be accessed at the Company's website at www.rubelliteenergy.com and on SEDAR at www.sedar.com.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

SOURCE Rubellite Energy Inc.

Rubellite Energy Inc., Suite 3200, 605 - 5 Avenue SW Calgary, Alberta, Canada T2P 3H5, Telephone: [phone], Fax: [phone], Email: [email protected]; Susan L. Riddell Rose, President and Chief Executive Officer; Ryan A. Shay, Vice President Finance and Chief Financial Officer