Shoal Point Energy – AGM Voting Results Pursuant to Section 11.3 of National Instrument 51 -102, the following matters were put to vo te at the Annual and Special Meeting of Shoal Point Energy Ltd. (the “Issuer”) held on July 30, 2019:

Suite 203, 700 West Pender Street, Vancouver, BC V6C 1G8

JULY 30 2019 CSE: SHP

Shoal Point Energy – AGM Voting Results

Pursuant to Section 11.3 of National Instrument 51 -102, the following matters were put to vo te at the

Annual and Special Meeting of Shoal Point Energy Ltd. (the “Issuer”) held on July 30, 2019:

The report on the voting results is as follows:

1. Number of Directors

By vote of proxy and in person (For: 15,899,438 Shares, Against: 655,100) the number of directors was

set at three.

2. Election of Directors

By vote of proxy and in person, the following persons were elected as directors of the Issuer until their

term of office expires:

For Withheld

Mark Jarvis 15,852,678 701,860

Eric Schneider 16,512,378 42,160

Brian Usher-Jones 16,544,298 240

3. Appointment and Remuneration of Auditors

By vote of proxy (For: 16,553,898 Shares, Withheld: 640 Shares), Dale Matheson Carr-Hilton Labonte

LLP was appointed as auditor of the Issuer for the ensuing year and the directors are authorized to set the

remuneration.

4. Financial Statements

By vote of proxy (For 15,909,818 Shares, Against 644,720 Shares), the financial statements of the

Company, together with the auditors’ report thereon, for the fis cal year ended January 31, 201 9 were

received and approved.

5. Stock Option Plan

By vote of proxy (For 15,868,018 Shares, Against 686,520 Shares), the stock option plan of the Company

was approved for the ensuing year.

For further information, contact Mark Jarvis at 416 637 2181, extension 310.

The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this news release.