EX-99.1

Exhibit 99.1

LOGO

Obsidian Energy Announces Voting Results from the 2024 Annual

and Special Meeting of Shareholders

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New corporate presentation and management webcast available for replay on website

CALGARY, May 2, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that at its annual and special meeting of shareholders held on May 2, 2024, Obsidian Energy’s shareholders approved all resolutions outlined in the Notice of 2024 Annual and Special Meeting and Management Proxy Circular dated March 15, 2024 (the “Information Circular”), which is available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on Obsidian Energy’s website at www.obsidianenergy.com.

1.	Appointment of Auditor

By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of the Issuer for the ensuing year.

2.	Election of Directors

By resolutions passed by ballot vote, the following seven nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:


	Votes For		Percent			Votes Withheld		Percent
Shani Bosman		26,232,519		85.09	%		4,597,679		14.91	%
John Brydson		25,208,890		81.77	%		5,621,308		18.23	%
Raymond D. Crossley		25,942,061		84.14	%		4,888,137		15.86	%
Michael J. Faust		25,974,751		84.25	%		4,855,447		15.75	%
Edward H. Kernaghan		25,839,866		83.81	%		4,990,332		16.19	%
Stephen Loukas		26,467,470		85.85	%		4,362,728		14.15	%
Gordon Ritchie		26,413,688		85.67	%		4,416,510		14.33	%

3.	Non-Binding Advisory Vote on the Corporation’s Approach to Executive Compensation

By resolution passed by ballot vote, an advisory resolution was passed to approve the Company’s approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:


Votes For	Percent	Votes Against	Percent
22,285,445	72.28%	7,931,357	27.72%

NEW CORPORATE PRESENTATION AND WEBCAST

Today, Obsidian Energy’s management team held a webcast presentation live on the Internet (the “Presentation”) for investors, shareholders and stakeholders to discuss the Company’s strategy, assets, value and plans for the future.

The updated corporate presentation has been posted to our website, and the full webcast Presentation is available for replay either through our website or directly at the webcast portal.