Mr. Craig Blackwood reports

ADVANTAGE ANNOUNCES ANNUAL MEETING VOTING RESULTS ON ELECTION OF DIRECTORS

On May 4, 2023, Advantage Energy Ltd. held its annual general meeting of shareholders. A total of 124,481,542 common shares (approximately 74.87 per cent of the outstanding common shares) were represented at the meeting in person or by proxy.

At the meeting, shareholders approved the election of nine nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with the number and percentage of common shares represented at the meeting voting by way of ballot in favour or withheld from voting for the individual nominees as shown in the attached table.

For complete voting results, please see the company's report of voting results, available on SEDAR.