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 21, 2018 were elected as directors of Peyto at Peyto's annual meeting held May 10, 2018.  The detailed results of the vote for the election of directors held at Peyto's annual meeting of shareholders today 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		Outcome of Vote		Votes For		Votes Withheld
Donald Gray Michael MacBean Brian Davis Darren Gee Gregory Fletcher Stephen Chetner Kathy Turgeon		Elected Elected Elected Elected Elected Elected Elected		89,213,807 113,796,084 114,026,754 97,383,104 110,478,551 75,316,555 90,008,008		29,907,478 2,325,201 2,094,531 18,738,181 5,642,734 40,804,730 26,113,277

For further information please contact:

Darren Gee President and Chief Executive Officer Phone:   (403) 237-8911    Fax:        (403) 451-4100