ARC Resources Ltd. Announces Approval of Resolutions at Annual and Special Meeting of Shareholders

CALGARY, May 3, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to announce that its shareholders approved all resolutions at its Annual and Special Meeting of Shareholders (the "Meeting") held on May 3, 2018. The webcast of the Meeting is available on ARC's website at www.arcresources.com.

During the business proceedings of the Meeting, ARC's shareholders approved the following resolutions:

Effective May 3, 2018, Mr. Tim Hearn has retired from ARC's Board of Directors after seven years of service. ARC would like to extend its sincere gratitude to Mr. Hearn for the guidance, wisdom and motivation that he provided to the ARC board and management teams over this period. With Mr. Hearn's retirement, ARC announces the following changes to its board committee structure:

• Mr. David Collyer will chair the Human Resources and Compensation Committee.
  
  
• Ms. Nancy Smith will chair the Risk Committee.
  
  
• Mr. John Dielwart will chair the Safety, Reserves and Operational Excellence Committee, which is a combination of the Health, Safety and Environment Committee and the Reserves Committee, with Operational Excellence added to the Committee's mandate.

These changes will take effect immediately.

ARC is one of Canada's largest conventional oil and gas companies with an enterprise value of approximately $5.7 billion. ARC's common shares trade on the TSX under the symbol ARX.

ARC RESOURCES LTD.

Myron M. Stadnyk
President and Chief Executive Officer

SOURCE ARC Resources Ltd.