Mr. Graeme Phipps reports
PETROKAMCHATKAPLC (TSXV: PKP) VOTING RESULTS OF ANNUAL GENERAL MEETING AND ISSUANCEOF COMMON SHARES TO DIRECTORS FOR SERVICES RENDERED
PetroKamchatkaPLC held its annual general meeting on Oct. 22, 2010, in Jersey,Channel Islands. The percentages of shareholder votes cast at themeeting and by proxy are as shown in the attached table.
Fix number of directors at six for 100 per cent
Election of directors for 99.87 per cent
Appointment of auditors for 99.99 per cent
Stock option plan for 99.66 per cent
The corporation also announces that, pursuant to TSX Venture Exchange(TSX-V) policy, the number of shares to be issued to four directors forpartial remuneration owed to these persons from July 1, 2010, to Sept.30, 2010, will be reduced to 656,497 from 1,094,162, as previouslyannounced in a Stockwatch press release dated Oct. 6, 2010. The TSX-Vpolicy requires that these shares be issued at a minimum issuance priceof five cents per share.