TORC Oil & Gas Ltd. Reports on Voting from the 2018 Shareholders Meeting

CALGARY, May 9, 2018 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) announces that the following matters were voted upon at the annual meeting of the shareholders of TORC held on May 9, 2018 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular – Proxy Statement dated March 27, 2018 (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 eight. The results of the ballot were as follows:

Votes For				Votes Against
#		%		#		%
141,457,823		99.94		91,754		0.06

2. Election of Directors

By resolution passed via ballot, the following eight 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		140,263,699		99.09		1,285,878		0.91
John Brussa		128,333,272		90.66		13,216,305		9.34
Mary-Jo Case		141,383,329		99.88		166,248		0.12
Raymond Chan		140,276,013		99.10		1,273,564		0.90
M. Bruce Chernoff		129,030,431		91.16		12,519,146		8.84
Brett Herman		139,976,743		98.89		1,572,834		1.11
R. Scott Lawrence		132,570,522		93.66		8,979,055		6.34
Dale Shwed		116,448,794		82.27		25,100,783		17.73

3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Professional 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
#		%		#		%
141,940,944		99.94		83,787		0.06

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
#		%		#		%
140,115,047		98.99		1,434,530		1.01

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.

Brett Herman, President and Chief Executive Officer, TORC Oil & Gas Ltd., Telephone: [phone], Facsimile: [phone]; Jason J. Zabinsky, Vice President, Finance and Chief Financial Officer, TORC Oil & Gas Ltd., Telephone: [phone], Facsimile: [phone]; www.torcoil.com

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