Mr. Craig Hansen reports

ZARGON OIL & GAS LTD. REPORT ON VOTING FROM THE 2015 SHAREHOLDERS MEETING

The following matters were voted upon at the annual meeting of shareholders of Zargon Oil & Gas Ltd. held on May 26, 2015, in Calgary, Alta. Each of the matters is described in greater detail in the notice of annual meeting of shareholders and information circular dated April 14, 2015.

1. Election of directors

By resolution passed via ballot, the six nominees shown in the accompanying table were appointed as directors of the corporation to serve until the next annual meeting of shareholders of the corporation or until their successors are elected or appointed. The results of the ballot were as shown in the table.

                                                                Votes            
Name of nominee                Votes for     Percentage      withheld     Percentage

K. James Harrison             10,085,904          99.22        79,768           0.78
Craig H. Hansen               10,099,217          99.35        66,455           0.65
Kyle D. Kitagawa              10,081,789          99.18        82,983           0.82
Geoffrey C. Merritt           10,030,889          98.68       133,883           1.32
Jim Peplinski                 10,084,144          99.21        80,628           0.79
Grant A. Zawalsky              8,879,957          87.35     1,285,715          12.65

2. Appointment of auditor

By resolution passed via ballot, Ernst & Young LLP, chartered accountants, was appointed as auditor of the corporation to hold office until close of the next annual meeting or until its successor is duly appointed, and the directors were authorized to fix its remuneration. The results of the ballot were as shown in the accompanying table.

                                 Votes            
Votes for      Percentage     withheld     Percentage

11,797,570          99.36       75,518           0.64