Kelt Provides Results of Its Shareholders' Meeting

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Kelt Exploration (TSX:KELTF) reported results from its Annual Meeting held April 22, 2026. 146,484,780 common shares were represented, equal to 72.99% of outstanding shares. Shareholders approved fixing the board size at six directors, elected all nominees, and appointed PricewaterhouseCoopers LLP as auditor.

Vote tallies showed strong support: the board-size resolution passed with 99.84% for, director votes ranged from 97.22% to 99.73% for individual nominees, and auditor appointment passed with 99.86% for.

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Calgary, Alberta--(Newsfile Corp. - April 23, 2026) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held on April 22, 2026 (the "Meeting") have been fully authorized and approved. A total of 146,484,780 common shares, representing 72.99% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon, and the outcome of the votes is set forth below.

Fixing Number of Directors

The ordinary resolution to approve fixing the number of directors to be elected at the meeting at six (6) was approved at the meeting by way of a ballot, as follows:

Votes For	%	Votes Against	%
146,180,532	99.84%	230,500	0.16%

 

Election of Directors

All of the nominees proposed as directors of the Company were duly elected as directors of the Company with votes cast by the shareholders present in person or represented by proxy at the meeting by way of a ballot, as follows:

	Outcome of the Vote	Votes For	%	Withheld	%
William C. Guinan	Elected	133,034,169	98.18%	2,467,794	1.82%
Jennifer Haskey	Elected	134,130,959	98.99%	1,371,004	1.01%
Ray Kwan	Elected	133,484,506	99.01%	1,330,219	0.99%
Neil G. Sinclair	Elected	132,494,992	97.78%	3,006,971	2.22%
Janet E. Vellutini	Elected	131,734,878	97.22%	3,767,085	2.78%
David J. Wilson	Elected	135,131,742	99.73%	370,221	0.27%

 

Appointment of Auditor

An ordinary resolution to approve the appointment of PricewaterhouseCoopers LLP, as the auditors of the Company, was approved at the meeting by way of a ballot, as follows:

Votes For	%	Withheld	%
146,203,917	99.86%	207,115	0.14%

 

For further information, please contact:

Kelt Exploration Ltd., Suite 300, 311 - 6^th Avenue SW, Calgary, Alberta, Canada T2P 3H2

David J. Wilson, President and Chief Executive Officer (403) 201-5340, or
Sadiq H. Lalani, Vice President and Chief Financial Officer (403) 215-5310.
Or visit our website at www.keltexploration.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294039

FAQ

How many shares were represented at Kelt's April 22, 2026 shareholders' meeting (KELTF)?

A total of 146,484,780 common shares were represented at the meeting. According to the company, this equals 72.99% of shares issued and outstanding, counted by shares present in person or by proxy.

What board size did Kelt shareholders approve at the April 22, 2026 meeting (KELTF)?

Shareholders approved fixing the number of directors at six (6). According to the company, the ordinary resolution passed by ballot with 99.84% of votes cast in favour.

Were all director nominees elected at Kelt's April 22, 2026 meeting (KELTF)?

Yes. All nominated directors were elected by shareholders present or represented by proxy. According to the company, individual vote support ranged from 97.22% to 99.73% for each nominee.

Who was appointed auditor at Kelt's 2026 annual meeting (KELTF) and what was the vote result?

PricewaterhouseCoopers LLP was appointed as auditor. According to the company, the appointment passed by ballot with 99.86% of votes cast in favour and 0.14% withheld.

What were the lowest and highest shareholder support percentages for Kelt director elections (KELTF)?

The lowest support reported was 97.22% for one nominee and the highest was 99.73% for another. According to the company, these percentages reflect votes for each individual director at the meeting.

Where can investors find contact information or the source for Kelt's April 22, 2026 meeting results (KELTF)?

Investors can contact David J. Wilson or Sadiq H. Lalani at the company's Calgary office. According to the company, further details and the source press release are available on the company website.