Mr. Mike Lawford reports

REPORT ON VOTING FROM THE 2025 ANNUAL SHAREHOLDERS MEETING

The following matters were approved at the annual meeting of the shareholders of NuVista Energy Ltd. held on May 9, 2025. Each of the matters is described in greater detail in the notice of annual meeting of shareholders and information circular dated March 24, 2025.

1. Fixing the number of directors

By resolution passed by ballot, the number of directors to be elected at the meeting was fixed at eight members. The results of the ballot were as follows.

Votes for    Per cent     Votes against   Per cent 

123,600,347     79.58%       31,709,078      20.42% 

2. Election of directors

By resolution passed by ballot, the following eight nominees were appointed as directors of NuVista to serve until the next annual meeting of shareholders of NuVista, or until their successors are elected or appointed. The results of the ballot were as follows.

3. Appointment of auditor

By resolution passed by ballot, KPMG LLP, chartered professional accountants, was appointed as auditor of NuVista to hold office until close of the next annual meeting or until their its successors are duly appointed, and the directors were authorized to fix its remuneration. The results of the ballot were as follows.

Votes for     Per cent    Votes withheld     Per cent 

149,871,999      96.50%        5,437,426         3.50%  

4. Non-binding advisory resolution on executive compensation

By advisory resolution passed by ballot, NuVista's approach to executive compensation was approved. The results of the ballot were as follows.

Votes for    Per cent    Votes against    Per cent 

122,075,765     79.22%      32,021,969       20.78% 

Investor information

NuVista is an independent Canadian oil and natural gas exploration, development and production corporation with its common shares trading on the Toronto Stock Exchange under the symbol NVA.

NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian sedimentary basin. Its primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep basin.