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 30, 2021 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "Meeting") held today, May 13, 2021. 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		Outcome of Vote		Votes For		Votes Withheld
Donald GrayMichael MacBeanBrian DavisDarren GeeGregory FletcherJohn W. RossallKathy Turgeon		ElectedElectedElectedElectedElectedElectedElected		69,066,80167,215,86067,251,90563,582,27566,174,08167,849,12563,985,700		3,377,0465,227,9875,191,9428,861,5726,269,7664,594,7228,458,147

For further information please contact:

Darren GeePresident and Chief Executive OfficerPhone: (403) 261-6081        Fax: (403) 451-4100