Mr. Elvis Pellumbi reports

SHAMARAN ANNOUNCES ANNUAL MEETING VOTING RESULTS

Shamaran Petroleum Corp. held its annual general and special meeting of shareholders in Vancouver, B.C., today, and all resolutions were passed.

Shareholders voted as follows on the matters before the meeting.

Fixing the number of directors

Shareholders fixed the number of directors at five, with 99.65 per cnet of shares represented at the meeting voting in favour.

Re-election of directors

Shareholders elected five board members to serve on the company's board of directors until the next annual meeting of shareholders, or until their successors are elected or appointed, as detailed in the attached table.

Appointment of auditor

Shareholders appointed PricewaterhouseCoopers LLP as the auditor of the company for the upcoming year and authorized the directors of the company to fix the remuneration of the auditor, with 99.97 per cent of shares represented at the meeting voting in favour.

Approval of stock option plan

The company's incentive stock option plan was approved by shareholders, with 99.84 per cent of shares represented at the meeting voting in favour.

Approval of the amendment to the deferred share unit plan

The company's amendment to the deferred unit plan was approved by shareholders, with 99.84 per cent of shares represented at the meeting voting in favour.

About Shamaran Petroleum Corp.

Shamaran is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq. The company indirectly holds a 50-per-cent working interest in the Atrush block and an 18-per-cent working interest in the Sarsang block. The company is listed in Toronto on the TSX Venture Exchange and in Stockholm on the Nasdaq First North Growth Market. Shamaran is part of the Lundin Group of Companies.