Mr. Rob Broen reports

ATHABASCA OIL CORPORATION REPORTS VOTING RESULTS OF ELECTION OF DIRECTORS

At the annual general meeting of shareholders held on June 21, 2016, each of the six nominees proposed and recommended by Athabasca Oil Corp. as a director was elected, along with the appointment of Ernst & Young LLP as auditor.

The company has been made aware that one large individual shareholder, working alone or jointly and in concert with others, appears to have solicited proxies without having filed a dissident circular or seeking the appropriate exemption as required under the Alberta Business Corporations Act. Athabasca has been advised by its independent counsel that such activities constitute the unlawful solicitation of proxies. Athabasca takes this matter seriously and intends to take steps to protect the company and its shareholders. Excluding the shares voted by the individual conducting the unlawful solicitation and those obtained through those unlawful efforts, each director received over 88-per-cent support.

The results of the voting, inclusive of all votes cast and proxies received for each nominee, which was conducted by ballot, are as set out in the attached table.

                 VOTING RESULTS FOR ELECTION OF DIRECTORS
                                    
Nominee                              Votes for            Votes withheld                                  
                                  Number        %        Number         %     

Bryan Begley                 203,835,128    81.88    45,106,416     18.12   
Rob Broen                    167,647,800    67.34    81,293,744     32.66   
Ronald Eckhardt              146,827,644    58.98   102,113,900     41.02   
Carlos Fierro                167,328,541    67.22    81,613,003     32.78   
Marshall McRae               162,714,810    65.36    86,226,734     34.64   
Bob Rooney                   147,051,987    59.07   101,889,557     40.93