CALGARY, May 13, 2015 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) (or the "Company") is pleased to announce that at its annual and special meeting of shareholders held on May 13, 2015, Penn West's shareholders approved all resolutions outlined in the Notice of 2015 Annual and Special Meeting and Management Proxy Circular dated April 1, 2015 (the "Information Circular"), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Penn West's website at www.pennwest.com.

1. Appointment of Auditor

By resolution passed by show of hands, Ernst & Young LLP, Chartered Accountants, was appointed as auditor of Penn West for the ensuing year.

2. Election of Directors

By resolutions passed by ballot vote, the following eight nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:



              Votes For             Percent        Votes Withheld         Percent

     Name
     of
     Nominee
     -------

     George
     H.
     Brookman           168,042,726         94.73%              9,351,291          5.27%

     John
     Brydson            170,783,587         96.27%              6,610,430          3.73%

     Raymond
     D.
     Crossley           169,247,369         95.41%              8,146,648          4.59%

     Gillian
     H.
     Denham             144,887,051         81.68%             32,506,966         18.32%

     William
     A.
     Friley             145,652,812         82.11%             31,741,205         17.89%

     Richard
     L.
     George             167,111,824         94.20%             10,282,193          5.80%

     David
     E.
     Roberts            147,255,601         83.01%             30,138,416         16.99%

     Jay
     W.
     Thornton           163,480,126         92.16%             13,913,891          7.84%

3. Special Resolution for a Reduction in the Stated Capital of Penn West

By resolution passed by ballot vote, a special resolution was passed to approve the reduction in the stated capital as outlined in the Information Circular. The results of the ballot were as follows:

    Votes For   Percent        Votes Withheld            Percent
    ---------   -------        --------------            -------

    270,709,112         94.87%                14,638,387         5.13%

4. Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation

By resolution passed by ballot vote, an advisory resolution was passed to approve the Company's approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:

    Votes For   Percent        Votes Withheld            Percent
    ---------   -------        --------------            -------

    130,788,982         73.73%                46,609,246         26.27%

Penn West is one of the largest conventional oil and natural gas producers in Canada. Our goal is to be the company that redefines oil & gas excellence in western Canada. Based in Calgary, Alberta, Penn West operates a significant portfolio of opportunities with a dominant position in light oil in Canada on a land base encompassing approximately 4.5 million acres.

Penn West shares are listed on the Toronto Stock Exchange under the symbol PWT and on the New York Stock Exchange under the symbol PWE.

SOURCE Penn West