PHX PHX Energy Services Corp

PHX Energy Services Corp. ("PHX Energy") is pleased to announce the voting results for the election of directors at its annual meeting of shareholders held on May 7, 2021 (the "Meeting"). The following seven nominees were elected as directors of PHX Energy to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with shares represented at the Meeting voting in favour of individual nominees as follows:

	FOR	WITHHELD
Randolph M. Charron	99.67%	0.33%
Karen David Green	99.82%	0.18%
Terry D. Freeman	99.94%	0.06%
Lawrence M. Hibbard	99.70%	0.30%
John M. Hooks	99.92%	0.08%
Myron A. Tétreault	99.76%	0.24%
Roger D. Thomas	99.76%	0.24%

About PHX Energy Services Corp.

The Corporation, through its directional drilling subsidiary entities, provides horizontal and directional drilling technology and services to oil and natural gas producing companies in Canada, the US, Russia, and Albania.

The common shares of PHX Energy are traded on the Toronto Stock Exchange under the symbol "PHX".

For further information please contact:

PHX Energy Services Corp. John Hooks Chief Executive Officer Phone: (403) 543-4466

or

PHX Energy Services Corp. Cameron Ritchie Senior Vice President, Finance and Chief Financial Officer Phone: (403) 543-4466

or

visit our website at www.phxtech.com