Headwater Exploration : Announces Results of Directors Vote

HEADWATER EXPLORATION INC. ANNOUNCES RESULTS OF DIRECTORS VOTE

CALGARY, ALBERTA - Headwater Exploration Inc. (TSX - HWX) ('Headwater') is pleased to announce that the nominees listed in the management information circular dated April 27, 2020 were elected as directors of Headwater at Headwater's annual and special meeting of shareholders (the 'Meeting') held today, June 15, 2020. The detailed results of the vote for the election of directors held at the Meeting are set out below.

Election of Directors

On a vote by electronic ballot, each of the following seven nominees proposed by management was elected as a director of Headwater:

Nominee		Outcome of Vote		Votes For		Votes Withheld
Chandra Henry		Elected		99,060,345 (99.93%)		70,151 (0.07%)
Jason Jaskela		Elected		99,014,155 (99.88%)		116,341 (0.12%)
Phillip R. Knoll		Elected		99,049,345 (99.92%)		81,151 (0.08%)
Stephen Larke		Elected		99,060,345 (99.93%)		70,151 (0.07%)
Kevin Olson		Elected		99,113,246 (99.98%)		17,250 (0.02%)
David Pearce		Elected		99,060,345 (99.93%)		70,151 (0.07%)
Neil Roszell		Elected		99,058,345 (99.93%)		72,151 (0.07%)

For further information please contact:

Neil Roszell
Chairman and Chief Executive Officer

Jason Jaskela
President and Chief Operating Officer

Phone: [phone]