Mr. Corey Ruttan reports

PETROMINERALES REPORTS VOTING RESULTS OF SHAREHOLDER MEETING

Petrominerales Ltd. has released the voting results from its annual general and special meeting of shareholders held on May 9, 2013.

Election of directors

By resolution passed by ballot, each of the six nominees proposed as a director and listed in the management proxy circular dated April 1, 2013, was elected as directors of Petrominerales to serve until the next annual meeting of shareholders, or until successors are elected or appointed. The results of the ballot were as set out in the attached directors elected table.

                           DIRECTORS ELECTED

Director elected                    Votes for             Votes withheld
                               Number    Per cent        Number    Per cent

Alastair Macdonald         29,236,885       84.01%    5,563,346       15.99%
Kenneth R. McKinnon        34,516,924       99.19%      283,307        0.81%
Ernesto Sarpi              34,620,872       99.48%      179,359        0.52%
Enrique Umana-Valenzuela   34,578,648       99.36%      221,583        0.64%
John D. Wright             26,114,579       75.04%    8,685,652       24.96%
Geir Ytreland              34,552,479       99.20%      277,752        0.80%

Appointment of auditor

Deloitte LLP was appointed as auditor of the corporation to hold office until close of the next annual meeting of shareholders or until successors are duly appointed, and the directors were authorized to fix its remuneration. Proxies were received on this matter as summarized in the attached auditor appointed table.

                       AUDITOR APPOINTED

Votes for         Per cent      Votes withheld         Per cent      

42,768,241           99.77%             98,095             0.23%       

Reconfirmation and approval of shareholder rights plan

Shareholders voted to reconfirm and approve Petrominerales's shareholder rights plan as described in the circular. Proxies were received on this matter.

              SHAREHOLDER RIGHTS PLAN VOTING RESULTS

                                   Number votes                      
Number votes for   Per cent             against          Per cent      

34,439,385            99.04%            332,775              0.96%       

Approval of amendment to articles to implement a share dividend program

Shareholders voted to approve amendments to articles of incorporation to allow for the implementation of a share dividend program, as more particularly described in the circular. Proxies were received on this matter.

               SHARE DIVIDEND PROGRAM AMENDMENT RESULTS

                                       Number votes                      
Number votes for       Per cent             against          Per cent      

34,616,529                99.55%            155,631              0.45%       

Amendments to the bylaws of the corporation

By resolution by ballot, shareholders did not approve the amendments to the bylaws of the corporation to provide for advance provisions. As a note to shareholders, the company proposed the amendments to the bylaws to provide for advance notice provisions as it is of the view that allowing reasonable time for shareholders to consider proposed director nominees is good governance. However, the provisions did not conform in minor ways with the forms recently suggested by proxy advisory firms. The company plans to make conforming minor amendments to these provisions and adopt amended bylaws. The results of the ballot were as set out in the attached bylaw amendment voting results table.

             BYLAW AMENDMENT VOTING RESULTS

                                    Number votes                      
Number votes for  Per cent               against        Per cent      

15,700,444           45.12%           19,099,787           54.88%