Parex Resources Announces Annual Meeting Voting Results

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CALGARY, CANADA--(Marketwired - May 22, 2013) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Parex Resources Inc. ("Parex" or the "Company") (TSX:PXT) is pleased to announce that on May 22, 2013 it held its annual general and special meeting of shareholders (the "Meeting") in Calgary. A total of approximately 53,356,717 common shares (approximately 49.17% of the outstanding common shares) were represented at the Meeting in person or by proxy.

At the Meeting, shareholders approved the election of eight nominees as directors of Parex to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with common shares represented at the Meeting voting by way of ballot in favour of the individual nominees as follows:

Curtis Bartlett 98.21 %
John Bechtold 98.60 %
Robert Engbloom 98.60 %
Wayne Foo 99.67 %
Norman McIntyre 99.68 %
Ron Miller 98.12 %
W.A. (Alf) Peneycad 98.52 %
Paul Wright 98.21 %

Corporate Overview

Parex, through its direct and indirect subsidiaries, is engaged in oil and natural gas exploration, development and production in South America and the Caribbean region. Parex is conducting exploration activities on its 1,349,000 gross acre holdings primarily in the Llanos Basin of Colombia and 219,000 gross acre holdings onshore Trinidad. Parex is headquartered in Calgary, Canada.

The Toronto Stock Exchange has not received and does not accept responsibility for the adequacy or accuracy of this news release.



Parex Resources Inc.
Kenneth G. Pinsky
Chief Financial Officer
(403) 517-1729

Parex Resources Inc.
Michael Kruchten
VP, Corporate Planning & Investor Relations
(403) 517-1733
Investor.relations@parexresources.com
www.parexresources.com