TORC Oil & Gas Ltd. Reports on Voting from the 2016 Shareholders Meeting

CALGARY, May 11, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) announces that the following matters were voted upon at the annual and special meeting of the shareholders of TORC held on May 11, 2016 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular – Proxy Statement dated April 1, 2016 (the "Circular").

1. Fixing the Number of Directors

By resolution passed via ballot, the number of directors of TORC to be elected at the meeting was fixed at seven. The results of the ballot were as follows:

Votes For				Votes Against
#		%		#		%
106,134,708		99.98		23,277		0.02

2. Election of Directors

By resolution passed via ballot, the following seven nominees were appointed as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:

		Votes For				Votes Withheld
Nominee		#		%		#		%
David Johnson		103,341,158		97.41		2,743,817		2.59
John Brussa		87,652,829		82.63		18,432,146		17.37
Raymond Chan		105,667,996		99.61		416,979		0.39
M. Bruce Chernoff		84,124,636		79.30		21,960,339		20.70
Brett Herman		105,933,948		99.86		151,027		0.14
R. Scott Lawrence		100,405,586		94.65		5,679,389		5.35
Dale Shwed		102,779,234		96.88		3,305,741		3.12

3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Accountants, were appointed as auditors of the Company to hold office until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

Votes For				Votes Withheld
#		%		#		%
106,125,295		99.97		32,690		0.03

4. Non-Binding Advisory Resolution on TORC's approach to Executive Compensation

By resolution passed via ballot, the non-binding advisory resolution approving TORC's approach to executive compensation was approved. The results of the ballot were as follows:

Votes For				Votes Withheld
#		%		#		%
105,290,199		99.25		794,776		0.75

5. Amendments to TORC's Share Award Incentive Plan

By ordinary resolution passed via ballot, certain amendments to TORC's share award incentive plan and the common shares issuable pursuant to unallocated awards under the share award incentive plan were approved. The results of the ballot were as follows:

Votes For				Votes Withheld
#		%		#		%
98,363,848		92.72		7,721,127		7.28

TORC Oil & Gas Ltd. is a Calgary based company active in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada.

SOURCE TORC Oil & Gas Ltd.

TORC Oil & Gas Ltd., Brett Herman, President and Chief Executive Officer, Telephone: (403) 930‐4120, Facsimile: (403) 930‐4159; TORC Oil & Gas Ltd., Jason J. Zabinsky, Vice President, Finance and Chief Financial Officer, Telephone: (403) 930‐4120, Facsimile: (403) 930‐4159; www.torcoil.com