BAYTEX REPORTS SHAREHOLDER MEETING RESULTS

CALGARY, ALBERTA (April 28, 2022) - Baytex Energy Corp. (TSX: BTE) reports that all matters presented for approval at the annual and special meeting of shareholders held today were approved. A total of 569,185,621 common shares being 38.08% of Baytex's issued and outstanding shares were represented at the meeting.

At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below:

Votes For
Name of Nominee # %
Mark R. Bly 192,102,001 98.77
Trudy M. Curran 186,201,869 95.73
Don G. Hrap 189,829,289 97.60
Edward D. LaFehr 189,994,842 97.68
Jennifer A. Maki 189,077,269 97.21
Gregory K. Melchin 183,869,656 94.53
David L. Pearce 191,815,997 98.62
Steve D.L. Reynish 174,980,183 89.96

KPMG LLP was appointed as Baytex's auditor until the next annual meeting of its shareholders, and the directors were authorized to fix their remuneration. The result of the vote is as follows:

Votes For
# %
215,342,497 99.35




A non-binding advisory resolution with respect to Baytex's approach to executive compensation was approved. The result of the vote is as follows:

Votes For
# %
184,542,537 94.88
A special resolution to approve the unallocated awards under Baytex's share award incentive plan was approved. The result of the vote is as follows:

Votes For
# %
183,971,933 94.59

Baytex Energy Corp. is an energy company based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange under the symbol BTE.

For further information about Baytex, please visit our website at www.baytexenergy.com or contact:

Brian Ector, Vice President, Capital Markets

Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com

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Baytex Energy Corp. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 13:15:55 UTC.