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New Zealand Energy Reports Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/24/14 -- New Zealand Energy Corp. ("NZEC" or the "Company") (TSX VENTURE: NZ)(OTCQX: NZERF) today announced the voting results from its annual general meeting ("AGM") of shareholders held on June 23, 2014. A total of 53,822,633 common shares representing 31.5% of NZEC's issued and outstanding common shares were voted at the AGM.

Each of the nominees proposed by management was elected as a director of the Company to hold office until the next AGM, or until successors are elected or appointed:

                                                       Percentage
                                                         of Votes
Nominee          Position                                     for
John Greig       Chairman                                  98.93%
John Proust      Director and Chief Executive Officer      96.93%
David Robinson   Director and CEO New Zealand Business     98.98%
Hamish Campbell  Director                                  98.96%

Shareholders voted in favour of all items of business put forth at the meeting, as outlined below:

                                                               Percentage of
Motion                                                             Votes for
To appoint PricewaterhouseCoopers as Auditors of the Company          99.76%
To approve the Company's Amended 2011 Stock Option Plan               96.31%
To approve the amendment of the exercise price of a total of
 1,190,000 incentive stock options (i)                                95.17%

(i) Shares held by certain insiders were not voted with regard to this
 motion.

On behalf of the Board of Directors

John Proust, Chief Executive Officer & Director

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC's property portfolio collectively covers approximately 1.15 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand's North Island. The Company's management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing [email protected].

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
New Zealand Energy Corp.
John Proust
Chief Executive Officer & Director
North American toll-free: 1-855-630-8997

New Zealand Energy Corp.
Rhylin Bailie
Vice President Communications & Investor Relations
North American toll-free: 1-855-630-8997
[email protected]
www.newzealandenergy.com

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