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CALGARY, ALBERTA, May 19, 2022 (GLOBE NEWSWIRE) — Steel Reef Infrastructure Corp. (“Steel Reef” or the “Company”) is pleased to announce the results of the election of directors of its 2022 Annual General Meeting of Shareholders held on May 19, 2022. The eight nominees recommended by management for election have been elected and will hold office until the next annual meeting of shareholders of the Company or until their successors are elected or appointed.

The following directors were re-elected to the Steel Reef Board of Directors (“Board”): Kevin Clement, Rob Duguid, Steve Magus, Sarah Borg-Olivier, Laryssa Topolnytsky, Greg Pollard, Gregory J. Smith and Jonathan Stone, who will continue as president.

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Steel Reef’s Board of Directors brings broad, cross-border, interdisciplinary expertise in finance, energy, equity markets, acquisitions, governance, compensation, people and culture, communications , infrastructure and engineering and looks forward to continuing to support the leadership of the management team.

The Board also wishes to thank Mr. McVicar for his time and dedication to the success and growth of Steel Reef as he retires from the Board. We wish him good luck in all his future endeavours.

For more information on Steel Reef’s Board of Directors, please see their biographies on the company’s website: www.SteelReef.ca.

About Steel Reef

Established in 2012, Steel Reef is a private midstream energy company that captures, processes and transports associated natural gas. Since its inception, the Company has deployed more than $1.0 billion in a cohesive portfolio of critical infrastructure assets in the Western Canada Sedimentary Basin and Bakken resource play with a view to maximizing value at long term for shareholders.

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CONTACT INFORMATION
Helen Forero
Manager, Corporate Financing
(403) 263-8333

www.steelreef.ca

Forward-looking information

Certain statements in this release are forward-looking, including with respect to the election of directors and leadership appointments and expected benefits to the Company, including expectations regarding the Company’s ability to capitalize on investments potential and increase value for investors. All statements that express or imply discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or that are not statements of historical fact shall be considered ” forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Steel Reef’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. forward-looking statements. .

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There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this release. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Forward-looking statements are made based on the beliefs, estimates and opinions of management as of the date the statements are made, and Steel Reef undertakes no obligation to update any forward-looking statements if such beliefs, estimates and opinions or other circumstances were to change, unless necessary. by applicable law.