/EINPresswire.com/ -- CALGARY, ALBERTA -- (Marketwired) -- 05/12/16 -- GRANITE OIL CORP. ("Granite" or the "Company") (TSX: GXO)(OTCQX: GXOCF) is pleased to announce the results from its 2016 annual general meeting of shareholders held on May 12, 2016 in Calgary, Alberta (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 11, 2016, a copy of which is available on the Company's SEDAR profile at www.sedar.com. The voting results for each of the matters voted on by the shareholders at the Meeting is provided below.

1. Fixing the Number of Directors

The shareholders passed a resolution fixing the number of directors to be elected at the Meeting at seven. The vote in respect of this matter carried out by ballot. The detailed results of voting are as follows.

    # Votes For        % Votes For      # Votes Against    % Votes Against
----------------------------------------------------------------------------
    22,281,661            99.75             54,370               0.25

2. Election of Directors

All of the nominees named in the Company's Management Information Circular were elected as directors of the Company. The vote in respect of this matter carried out by ballot. The detailed results of voting are as follows.

                                                 # Votes         % Votes
Nominee             # Votes For  % Votes For     Withheld        Withheld
----------------------------------------------------------------------------
Kevin Andrus        19,373,490      94.12       1,210,973          5.88
Brendan Carrigy     20,522,095      99.70         62,368           0.30
Martin Cheyne       20,520,433      99.69         64,030           0.31
Henry Hamm          18,991,299      92.26       1,593,164          7.74
Michael Kabanuk     20,522,294      99.70         62,169           0.30
Dennis Nerland      18,025,050      87.57       2,559,413         12.43
Bradley Porter      19,373,548      94.12       1,210,915          5.88

3. Reappointment of Auditor

The shareholders approved the reappointment of KPMG LLP, Chartered Accountants, as the auditors of the Company to hold office until the close of the next annual meeting of shareholders of the Company, at a remuneration to be fixed by the directors. The vote in respect of this matter carried out by ballot. The detailed results of voting are as follows.

    # Votes For        % Votes For     # Votes Withheld    % Votes Withheld
----------------------------------------------------------------------------
    19,950,775            89.32            2,386,615            10.68

Contacts:
Granite Oil Corp.
Michael Kabanuk
President & CEO
(587) 349-9123

Granite Oil Corp.
Jonathan Fleming
E.V.P.
(587) 349-9118