NVA NuVista Energy Ltd

(TSX - NVA) NuVista Energy Ltd. ("NuVista") announces that the following matters were approved at the annual and special meeting of the shareholders of NuVista held on May 7, 2024. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated March 22, 2024 (the "Circular").

1. Fixing the Number of Directors

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

Votes For	Percent	Votes Against	Percent
159,003,969	99.78%	346,914	0.22%

2. Election of Directors

By resolution passed via ballot, the following nine 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:

Name of Nominee	Votes For	Percent	Votes Withheld	Percent
Pentti O. Karkkainen	120,355,595	75.69%	38,645,165	24.31%
Ronald J. Eckhardt	120,683,415	75.90%	38,317,345	24.10%
K. L. (Kate) Holzhauser	114,591,790	72.07%	44,408,970	27.93%
Mary Ellen Lutey	121,260,267	76.26%	37,740,493	23.74%
Keith A. MacPhail	105,729,342	66.50%	53,271,418	33.50%
Ronald J. Poelzer	114,618,736	72.09%	44,382,024	27.91%
Deborah S. Stein	116,814,789	73.47%	42,185,971	26.53%
Jonathan A. Wright	121,376,032	76.34%	37,624,728	23.66%
Grant A. Zawalsky	109,304,669	68.74%	49,696,091	31.26%

3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of NuVista to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

Votes For	Percent	Votes Withheld	Percent
151,628,827	95.15%	7,722,057	4.85%

4. Non-Binding Advisory Resolution on Executive Compensation

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

Votes For	Percent	Votes Against	Percent
120,962,396	76.08%	38,038,364	23.92%

5. Approval of the Amended and Restated Stock Option Plan

By resolution passed via ballot, the amendments to NuVista's stock option plan to, among other things, increase the number of shares issuable thereunder was approved. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
112,365,595	70.67%	46,635,165	29.33%

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. Our primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.

FOR FURTHER INFORMATION CONTACT:

Jonathan A. Wright	Ivan J. Condic	Mike J. Lawford
CEO	VP, Finance and CFO	President and COO
(403) 538-8501	(403) 538-1954	(403) 538-1936