ClearStream Announces Voting Results from Shareholders' Meeting

Calgary, Alberta (June 10, 2022) - ClearStream Energy Services Inc. ("ClearStream") (TSX: CSM) is pleased to announce that all matters presented for approval at its annual and special meeting (the "Meeting") of holders of common shares ("Common Shares") held earlier today were approved. A total of 31,463,843 Common Shares, representing approximately 28.6% of the issued and outstanding Common Shares, were represented at the Meeting.

All of the nominees listed in ClearStream's management information circular dated April 25 , 2022 (the "Information Circular") were elected as directors of ClearStream to hold office until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the vote were:

Votes For

Votes Withheld

Nominee

#

%

#

%

Jordan L. Bitove

30,780,629

98.17

572,829

1.83

H. Fraser Clarke

30,776,302

98.16

577,156

1.84

Karl Johannson

30,328,652

96.73

1,024,806

3.27

Dean T. MacDonald

30,788,468

98.20

564,990

1.80

Sean D. McMaster

30,763,002

98.12

590,456

1.88

Ernst & Young LLP was appointed as ClearStream's auditor until the next annual meeting of shareholders, and the directors were authorized to fix their remuneration. The result of the vote was:

Votes For

Votes Withheld

#

%

#

%

31,181,321

99.10

282,518

0.90

The special resolution to approve an amendment of the Corporation's articles to change the name of the Corporation to "Flint Corp.", as more particularly described in the Information Circular under "Particulars of the Matters to be Acted Upon - Name Change of the Corporation", was approved. The result of the vote was:

Votes For

Votes Against

#

%

#

%

30,919,620

98.27

544,219

1.73%

ClearSteam Energy Services Inc.

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Press Release - June 10, 2022

About ClearStream Energy Services Inc.

With a legacy of excellence and experience stretching back more than 50 years, ClearStream provides solutions to the Energy and Industrial markets including: Oil & Gas, Petrochemical, Mining, Power, Agriculture, Forestry, Infrastructure and Water Treatment. With offices strategically located across Canada and a dedicated workforce, we provide maintenance, construction, wear technology and environmental services that keep our clients moving forward. For more information about ClearStream, please visit www.clearstreamenergy.caor contact:

Randy Watt

Chief Financial Officer ClearStream Energy Services Inc.

  1. 318-0997rwatt@clearstreamenergy.ca

Barry Card

Interim Chief Executive Officer ClearStream Energy Services Inc.

  1. 318-0997bcard@clearstreamenergy.ca

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Disclaimer

ClearStream Energy Services Inc. published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 20:02:05 UTC.