PXL

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CALGARY, May 23, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) is pleased to announce that at its annual meeting of shareholders in Calgary today, shareholders approved each of the proposed resolutions including the Shareholder Rights Plan and re-election of the six incumbent directors; Messrs. Daryl Fridhandler, Ken Crowther, Stephen Hayden, Jeff Saponja, Kevin J. Gibson and Allan B. Carswell.

Palliser is a Calgary based junior oil and gas company currently focused on high netback heavy oil production in the greater Lloydminster area of both Alberta and Saskatchewan. For further information regarding Palliser Oil & Gas Corporation, the reader is invited to visit the Company's website at www.palliserogc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

SOURCE Palliser Oil & Gas Corporation