VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2013) - Pennant Energy Inc. ("Pennant" or the "Company") (News - Market indicators) is pleased to announce that all resolutions presented at the Company's annual and special general meeting held on December 21, 2012 were approved by shareholders of the Company. Those resolutions included the appointment of Garth Braun, James L. Harris, David Finn and James Britton as directors, the appointment of Charlton & Company as auditors, the approval of the Company's Stock Option Plan and the increase in Company's authorized share capital to an unlimited number of common shares.

Garth Braun, President and CEO, commented, "We will strive to increase shareholder value by focusing on maximizing the Company's current projects, looking for new opportunities and reducing overhead operating costs."

About Pennant Energy

Pennant's core project is the Bigstone Project and is comprised of lands and licenses covering a total of 5,120 acres (net 1,120 acres), in Township 60, ranges 22 and 23W5 at Bigstone, Alberta. By completing the terms of a farm in agreement with Donnybrook Energy Inc., Pennant earned 25 per cent of Donnybrook's interest in the Bigstone lands and in any future operations within an area of mutual interest.

PENNANT ENERGY INC.

Garth Braun, President & CEO