CWC Energy Services Corp. announced that at its AGM held on June 28, 2022, shareholders elected Mr. Jason Chehade and Ms. Nancy Foster as Directors to the Board. Mr. Chehade is a Chartered Professional Accountant and Chartered Financial Analyst with extensive experience in private equity, capital markets, corporate finance and business operations.

He is currently a Vice President in Brookfield Asset Management's Private Equity Group ("Brookfield") focusing on strategy and operational value creation across investments in energy, industrials and healthcare. Prior to joining Brookfield in 2017, Mr. Chehade held roles in equity research at Peters & Co. Limited with a focus on oilfield services and at EY in the assurance practice.

He is currently a Director on the Board of Ember Resources Inc. Ms. Foster is a Corporate Director with 38 years of oil and gas industry experience focused on Human Resources and Corporate Services. From 2011 to 2020 she held the positions of Senior Vice President and Special Advisor to the CEO and Senior Vice President, Human and Corporate Resources for Husky Energy Inc. prior to its merger with Cenovus Energy Inc. From 1996 to 2011, Nancy held positions of increasing responsibility in Corporate Planning Services and Human Resources with Nexen Inc. ending in the capacity of In-Country Manager for Norway. She currently serves on the Board of Governors for the University of Calgary and is the Chairperson for Luna Child and Youth Advocacy Centre.

In conjunction with Mr. Chehade's appointment, CWC has accepted the resignation of Mr. Dean Schultz as a Director of the company.