Calgary, Alberta - TORC Oil & Gas Ltd. ('TORC' or the 'Company') (TSX:TOG) announces that the following matters were voted upon at the annual meeting of the shareholders of TORC held on May 9, 2018 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular - Proxy Statement dated March 27, 2018 (the 'Circular').

1. Fixing the Number of Directors

By resolution passed via ballot, the number of directors of TORC to be elected at the meeting was fixed at eight. The results of the ballot were as follows:

Votes For Votes Against
# % # %
141,457,823 99.94 91,754 0.06

2. Election of Directors

By resolution passed via ballot, the following eight nominees were appointed as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:

Votes For Votes Withheld
Nominee # % # %
David Johnson 140,263,699 99.09 1,285,878 0.91
John Brussa 128,333,272 90.66 13,216,305 9.34
Mary-Jo Case 141,383,329 99.88 166,248 0.12
Raymond Chan 140,276,013 99.10 1,273,564 0.90
M. Bruce Chernoff 129,030,431 91.16 12,519,146 8.84
Brett Herman 139,976,743 98.89 1,572,834 1.11
R. Scott Lawrence 132,570,522 93.66 8,979,055 6.34
Dale Shwed 116,448,794 82.27 25,100,783 17.73

3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of the Company to hold office until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

Votes For Votes Withheld
# % # %
141,940,944 99.94 83,787 0.06

4. Non-Binding Advisory Resolution on TORC's approach to Executive Compensation

By resolution passed via ballot, the non-binding advisory resolution approving TORC's approach to executive compensation was approved. The results of the ballot were as follows:

Votes For Votes Withheld
# % # %
140,115,047 98.99 1,434,530 1.01

TORC Oil & Gas Ltd. is a Calgary based company active in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada.

For further information please contact:

Brett Herman

President and Chief Executive Officer

TORC Oil & Gas Ltd.

Telephone: (403) 930-4120

Facsimile: (403) 930-4159

Jason J. Zabinsky

Vice President, Finance and Chief Financial Officer

TORC Oil & Gas Ltd.

Telephone: (403) 930-4120

Facsimile: (403) 930-4159

www.torcoil.com

May 10, 2018

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TORC Oil & Gas Ltd. published this content on 10 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2018 15:47:01 UTC