Gear Energy Ltd. Announces Results of Directors Vote

Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated March 21, 2022 were elected as directors of Gear. The detailed results of the vote for the election of directors held at Gear's annual and special meeting of shareholders held today (the "Meeting") are set out below.

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

Nominee	Outcome of Vote	Votes For	% For	Votes Withheld	% Withheld
Greg Bay	Elected	74,366,926	87.85	10,281,924	12.15
Harry English	Elected	81,918,342	96.77	2,730,508	3.23
Ingram Gillmore	Elected	84,248,094	99.53	400,756	0.47
Don T. Gray	Elected	83,236,223	98.33	1,412,627	1.67
Scott Robinson	Elected	82,027,830	96.90	2,621,020	3.10
Wilson Wang	Elected	83,240,766	98.34	1,408,084	1.66
Bindu Wyma	Elected	82,020,384	96.90	2,628,466	3.11

For details of the voting results on the other matters considered at the Meeting, see Gear's Report of Voting Results to be filed on SEDAR at www.sedar.com.

FOR FURTHER INFORMATION, PLEASE CONTACT: