PEY Peyto Exploration and Development Corp

Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated March 23, 2022 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "Meeting") held today, May 12, 2022. The detailed results of the vote for the election of directors held at the Meeting are set out below.

Election of Directors

On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of Peyto:

Nominee		Outcomeof Vote		Votes For		VotesWithheld
Donald GrayMichael MacBeanBrian DavisDarren GeeGregory FletcherJohn W. RossallKathy Turgeon		ElectedElectedElectedElectedElectedElectedElected		61,491,66086,456,92786,665,86694,018,66755,480,05682,719,64486,046,656		35,237,34510,272,07810,063,1392,710,33841,248,94914,009,36110,682,349

For further information please contact:

Darren GeeChief Executive OfficerPhone: (403) 261-6081        Fax: (403) 451-4100