Calgary, Alberta – TheNewswire - (May 6, 2022) (TSX:SHLE)

Source Energy Services Ltd. (“Source” or the “Company”) reports results from its annual meeting of shareholders held May 6, 2022 (the “Meeting”).

2022 AGM VOTING RESULTS

Election of Directors

All of the proposed nominees were elected to Source’s board of directors (the “Board”) by Shareholders present or represented by proxy at the Meeting. The voting results are as follows:

Name of Nominee

Jeff Belford:
Votes For (percent)  99.95%         Votes Withheld (percent)  0.05%

Stewart Hanlon:
Votes For (percent)  99.98%         Votes Withheld (percent)  0.02%

Chris Johnson
Votes For (percent)  99.95%         Votes Withheld (percent)  0.05%

Carrie Lonardelli
Votes For (percent)  99.95%         Votes Withheld (percent)  0.05%

Scott Melbourn
Votes For (percent)  99.98%         Votes Withheld (percent)  0.02%

Steven Sharpe
Votes For (percent)  93.09%         Votes Withheld (percent)  6.91%

Shareholder Approval of Other Matters

Shareholders also voted at the Meeting to approve each of the other resolutions described in Source’s Notice of Annual Meeting of Shareholders and Management Information Circular, dated March 9, 2022, and the Supplement to the Information Circular, dated March 31, 2022 (together the “Information Circular”), as follows: (i) the ordinary resolution to fix the number of directors to be elected at the meeting at six (6) was approved by 99.97% of the votes cast by Shareholders; and (ii) the ordinary resolution approving the appointment of Ernst & Young LLP as the auditor of the Company was approved by 100% of the votes cast by Shareholders.

ABOUT SOURCE ENERGY SERVICES

Source is a company that focuses on the integrated production and distribution of high quality frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network, its “last mile” logistics capabilities and Sahara, a proprietary wellsite mobile sand storage and handling system.

Source’s full-service approach allows customers to rely on its logistics platform to increase reliability of supply and to ensure the timely delivery of frac sand and other bulk completion materials at the wellsite.

FOR FURTHER INFORMATION PLEASE CONTACT:

Scott Melbourn
Chief Executive Officer       
(403) 262-1312 (ext. 222)
investorrelations@sourceenergyservices.com

Derren Newell
Chief Financial Officer
(403) 262-1312 (ext. 233)
investorrelations@sourceenergyservices.com