CALGARY, ALBERTA -- (Marketwired) -- 05/23/13

Petrobank Energy and Resources Ltd. (TSX:PBG) announces that, at our annual meeting of shareholders held on May 22, 2013, the following six director nominees were elected:

NOMINEE                          VOTES FOR            VOTES WITHHELD     
                               Number     Percent      Number     Percent
Ian S. Brown               24,541,394      92.99%   1,848,858       7.01%
M. Neil McCrank            25,965,446      98.39%     424,806       1.61%
Kenneth R. McKinnon        25,966,204      98.39%     424,048       1.61%
Corey C. Ruttan            25,964,383      98.39%     425,869       1.61%
Dr. Harrie Vredenburg      25,959,941      98.37%     430,311       1.63%
John D. Wright             24,689,674      93.56%   1,700,578       6.44%

In addition, our shareholders also approved the appointment of KPMG LLP as our auditors for the ensuing year and an amendment to our by-laws to allow for an advance notice provision with respect to the election of directors.

Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada. Petrobank is applying its patented THAI® heavy oil recovery process in the field. THAI® is an evolutionary in-situ combustion technology for the recovery of bitumen and heavy oil. THAI® and CAPRI® are registered trademarks of Archon Technologies Ltd., a wholly-owned subsidiary of Petrobank Energy and Resources Ltd., for specialized methods for recovery of oil from subterranean formations through in-situ combustion techniques and methodologies with or without upgrading catalysts. Used under license by Petrobank Energy and Resources Ltd.

Contacts:
Petrobank Energy and Resources Ltd.
John D. Wright
Chairman and Chief Executive Officer
403.750.4400

Petrobank Energy and Resources Ltd.
Peter Cheung
Vice President Finance and Chief Financial Officer
403.750.4400
403.266.5794 (FAX)
ir@petrobank.com
www.petrobank.com