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Calfrac Announces Voting Results of Election of Directors

May 6, 2020

CALGARY, May 6, 2020 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX–CFW) is pleased to announce that, at its annual and special meeting of shareholders held yesterday, each of the seven nominees proposed as a director and listed in its management information circular dated March 25, 2020 were elected as directors.  Detailed results of the voting for each nominee are set out below.

Nominee

Votes For

Votes Withheld

Number

%

Number

%

Kevin R. Baker

95,806,119

99.51

473,179

0.49

James S. Blair

95,825,698

99.53

453,601

0.47

Gregory S. Fletcher

95,814,109

99.52

465,190

0.48

Lorne A. Gartner

95,834,033

99.54

445,266

0.46

Lindsay R. Link

95,950,196

99.66

329,103

0.34

Ronald P. Mathison

95,964,474

99.67

314,825

0.33

Douglas R. Ramsay

95,973,029

99.68

306,270

0.32

Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol "CFW".  Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Argentina and Russia.

SOURCE Calfrac Well Services Ltd.

For further information: Lindsay Link, President and Chief Operating Officer, Telephone: (403) 266-6000, Fax: (403) 266-7381; Michael Olinek, Chief Financial Officer, Telephone: (403) 266-6000, Fax: (403) 266-7381; Scott Treadwell, Vice President, Capital Markets and Strategy, Telephone: (403) 266-6000, Fax: (403) 266-7381

Investors

A very big thank you to all involved in the planning and execution of this job. I think we may have found the recipe – CalVisc rocks!

Vice President

Operations , Large Independent Oil & Gas Producer