GXE Gear Energy Ltd

Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated March 21, 2022 were elected as directors of Gear. The detailed results of the vote for the election of directors held at Gear's annual and special meeting of shareholders held today (the "Meeting") are set out below.

On a vote by ballot, each of the following six nominees proposed by management was elected as a director of Gear:

Nominee		Outcome of Vote		Votes For		% For		Votes Withheld		% Withheld
Greg Bay		Elected		74,366,926		87.85		10,281,924		12.15
Harry English		Elected		81,918,342		96.77		2,730,508		3.23
Ingram Gillmore		Elected		84,248,094		99.53		400,756		0.47
Don T. Gray		Elected		83,236,223		98.33		1,412,627		1.67
Scott Robinson		Elected		82,027,830		96.90		2,621,020		3.10
Wilson Wang		Elected		83,240,766		98.34		1,408,084		1.66
Bindu Wyma		Elected		82,020,384		96.90		2,628,466		3.11

For details of the voting results on the other matters considered at the Meeting, see Gear's Report of Voting Results to be filed on SEDAR at www.sedar.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Ingram Gillmore		David Hwang
President & CEO		Vice President Finance & CFO
403-538-8463		403-538-8437
Email: info@gearenergy.com
Website: www.gearenergy.com