CALGARY, ALBERTA -- (Marketwired) -- 05/08/13

Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that at its annual meeting of shareholders held on May 8, 2013 the following ten director nominees were elected:

NOMINEE                         VOTES FOR               VOTES WITHHELD      
                              Number  Percent (%)       Number  Percent (%) 
CLAYTON RIDDELL           78,542,056        98.97%     818,391         1.03%
JAMES RIDDELL             78,173,177        98.50%   1,187,270         1.50%
JAMES BELL                78,917,490        99.44%     442,957         0.56%
THOMAS CLAUGUS            78,917,490        99.44%     442,957         0.56%
JOHN GORMAN               79,196,308        99.79%     164,139         0.21%
DIRK JUNGE                79,196,462        99.79%     163,985         0.21%
DAVID KNOTT               79,196,527        99.79%     163,920         0.21%
SUSAN RIDDELL ROSE        78,447,713        98.85%     912,734         1.15%
JOHN ROY                  79,196,308        99.79%     164,139         0.21%
BERNHARD WYLIE            74,318,580        93.65%   5,041,867         6.35%

Paramount is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's Class A Common Shares are listed on the Toronto Stock Exchange under the symbol "POU".

Contacts:
Paramount Resources Ltd.
J.H.T. (Jim) Riddell
President and Chief Operating Officer
(403) 290-3600
(403) 262-7994 (FAX)

Paramount Resources Ltd.
B.K. (Bernie) Lee
Chief Financial Officer
(403) 290-3600
(403) 262-7994 (FAX)