TERRAVEST INDUSTRIES INC. ANNOUNCES RESULTS OF 2023 ANNUAL MEETING OF SHAREHOLDERS

TORONTO, Feb. 8, 2023 /CNW/ - TerraVest Industries Inc. (TSX: TVK) (the "Corporation") held its annual meeting of shareholders on February 8, 2023 (the "Meeting"). A total of 10,057,010 common shares (representing 56.40% of the 17,831,318 outstanding voting shares) were represented in person or by proxy at the Meeting.

The complete voting results from the Meeting are as follows:

1.  Election of Directors

Each of the nominees proposed in the Corporation's Management Information Circular dated as of January 6, 2023 (the "Circular") was elected.

Name of Nominee	Vote For	%	Withhold Vote	%
Charles Pellerin	8,068,453	84.21 %	1,512,452	15.79 %
Blair Cook	8,483,388	88.54 %	1,097,517	11.46 %
Dale H. Laniuk	8,697,998	90.78 %	882,907	9.22 %
Dustin Haw	8,306,548	86.70 %	1,274,357	13.30 %
Rocco Rossi	8,449,375	88.19 %	1,131,530	11.81 %
Mick MacBean	8,483,388	88.54 %	1,097,517	11.46 %

2.  Appointment of Raymond Chabot Grant Thornton LLP as the Corporation's auditors

Raymond Chabot Grant Thornton LLP was re-appointed as the Corporation's auditors and the directors were authorized to determine their remuneration.

	Number of Votes	%
Votes FOR	10,008,056	99.51 %
Votes WITHHELD	48,954	0.49 %
Total	10,057,010	100 %

SOURCE TerraVest Industries Inc.

Dustin Haw, TerraVest Industries Inc., Chief Executive Officer [phone], [email protected]