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Gear Energy Ltd. Announces Results of Directors Vote

CALGARY, ALBERTA -- (Marketwired) -- 05/08/14 -- Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated April 7, 2014 were elected as directors of Gear. The detailed results of the vote for the election of directors held at its annual meeting of shareholders are set out below.

On a vote by ballot, each of the following five nominees proposed by management was elected as a director of Gear:

                  Outcome of                               Votes            
Nominee                 Vote   Votes For       % For    Withheld  % Withheld
---------------- ----------- ----------- ----------- ----------- -----------
Greg Bay             Elected  37,343,758       99.09     342,600        0.91
Raymond Cej          Elected  37,664,358       99.94      22,000        0.06
Ingram Gillmore      Elected  37,684,358       99.99       2,000        0.01
Donald Gray          Elected  37,343,758       99.09     342,600        0.91
Peter Verburg        Elected  37,684,358       99.99       2,000        0.01

About Gear Energy Ltd.

Gear is a Canadian exploration and production company with predominantly horizontal heavy oil production in east central Alberta and west central Saskatchewan. The current and ongoing business plan is to continue focusing on being a low cost heavy oil operator, drilling economic wells and acquiring assets on an accretive basis.

Gear Energy Ltd.
Ingram B. Gillmore
President and Chief Executive Officer
(403) 538-8463

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