Valeura Energy : ANNOUNCES VOTING RESULTS

VALEURA ANNOUNCES VOTING RESULTS

• August 13, 2020

Calgary, August 13, 2020: Valeura Energy Inc. (TSX: VLE, LSE: VLU) ('Valeura' or the 'Corporation') is pleased to provide the voting results from its annual and special meeting of shareholders held on August 12, 2020.

Shareholders voted on and approved the following proposals: (1) the appointment of KPMG LLP as the auditors of the Corporation; (2) the election of the directors of the Corporation; (3) the approval of the amended and restated stock option plan of the Corporation; and (4) the approval of the amended and restated performance and restricted share unit plan of the Corporation.

The voting results for the election of directors are as follows:

	Total Votes		% of Votes Cast
Nominee	For	Withheld	Total		For	Withheld
Dr. W. Sean Guest	18,485,800	1,784,214	20,270,014		91.20%	8.80%
Dr. Timothy R. Marchant	18,476,118	1,793,896	20,270,014		91.15%	8.85%
James D. McFarland	18,485,800	1,784,214	20,270,014		91.20%	8.80%
Ronald W. Royal	18,427,468	1,842,546	20,270,014		90.91%	9.09%
Russell J. Hiscock	18,840,120	1,429,894	20,270,014		92.95%	7.05%
Kimberley K. Wood	17,955,402	2,314,612	20,270,014		88.58%	11.42%
Timothy N. Chapman	18,849,802	1,420,212	20,270,014		92.99%	7.01%

ABOUT THE CORPORATION

Valeura is a Canada-based public company engaged in the exploration, development and production of petroleum and natural gas in Turkey.

Additional information relating to Valeura is also available on SEDAR at www.sedar.com and on the Corporation's corporate website at www.valeuraenergy.com.

For further information please contact:

Valeura Energy Inc. (General and Investor Enquiries)[phone]
Sean Guest, President and CEO
Heather Campbell, CFO
Robin Martin, Investor Relations Manager
[e-mail], [e-mail]

Canaccord Genuity Limited (Corporate Broker) [phone]
Henry Fitzgerald-O'Connor, James Asensio

CAMARCO (Public Relations, Media Adviser) [phone]
Owen Roberts, Monique Perks, Hugo Liddy, Billy Clegg
[e-mail]

This Announcement does not contain inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ('MAR').

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.