Hemisphere Energy Announces AGM Results

Vancouver, British Columbia, June 9, 2022 – Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the “Company") announces the results of its annual general meeting of shareholders (AGM) held Tuesday June 09, 2022.

A total of 18,667,159 common shares were voted, representing 18.50 percent of total shares issued and outstanding as at the record date of the meeting.

Shareholders voted in favour of all items put forward by the board of directors and management. All six individuals nominated for the board of directors were elected, as set out below.

 VOTES FORVOTES WITHHELD% VOTES FOR
Charles O'Sullivan18,660,3556,80499.96
Don Simmons18,660,3556,80499.96
Frank Borowicz18,660,3556,80499.96
Bruce McIntyre17,532,7811,134,37893.92
Gregg Vernon18,657,6159,54499.95
Richard Wyman18,660,3556,80499.96

Shareholders voted in favour of appointing KPMG LLP, Chartered Accountants, as auditor for the ensuing year and authorized the Directors to fix the auditors’ remuneration, as well as approved the Company stock option plan.

About Hemisphere Energy Corporation
Hemisphere is a Canadian oil company focused on maximizing value per share growth with the sustainable development of its high netback, low decline conventional heavy oil assets through water and polymer flood enhanced recovery methods. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME" and on the OTCQX Venture Marketplace under the symbol "HMENF".

For further information, please visit the Company’s website at www.hemisphereenergy.ca to view its corporate presentation or contact:

Don Simmons, President & Chief Executive Officer
Email: info@hemisphereenergy.ca
Telephone: (604) 685-9255

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.