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Cub Energy Inc. Announces Results from the Annual General Meeting of Shareholders

Houston, Texas – May 15, 2018 – Cub Energy Inc. (“Cub” or the “Company”) (TSX-V: KUB) announces the following results from the Annual General Meeting of Shareholders (“AGM”) held at Cub’s Houston, Texas office on May 15, 2018:

·        Davidson & Company LLP -- was appointed as the Company’s auditors for 2018
·        Election of Cub’s Board of Directors as follows:

          Mikhail Afendikov, also appointed Chairman of the Board
          Frank Mermoud
          Tim Marchant
          John Booth

At the AGM, shareholders also passed two proposed resolutions, approving a possible share consolidation and renewal of the Company’s Stock Option Plan. There were 197,080,846 shares represented at the meeting, representing 62.7 percent of Cub’s issued and outstanding shares. Including proxy voting, shareholders voted in favor of the election of directors and all other matters by more than 95 percent.

About Cub Energy Inc.

Cub Energy Inc. (TSX-V: KUB) is an upstream oil and gas company, with a proven track record of exploration and production cost efficiency in Ukraine. The Company’s strategy is to implement western technology and capital, combined with local expertise and ownership, to increase value in its undeveloped land base, creating and further building a portfolio of producing oil and gas assets within a high pricing environment. For further information please contact us or visit our website: www.cubenergyinc.com
 
Mikhail Afendikov
Chairman and Chief Executive Officer
[phone]
[e-mail]
 
Patrick McGrath
Chief Financial Officer
[phone]
[e-mail]