Valeura Energy Inc. Announces COO Appointment and Board Changes - Seite 2

Auditor Replacement

In line with the executive move to Asia, Deloitte & Touche LLP (Singapore) have been appointed as auditors of the Company, replacing KPMG Canada.

Tim Marchant, Chairman of the Board commented:

"With our Company's significant and growing operations in Southeast Asia, we are continuing to bolster the executive team with senior operating talent, and I am pleased to welcome Greg Kulawski, as COO. Greg is a seasoned executive with 25 years of experience in international operating units and corporate roles. His professionalism and deep experience is an excellent fit and I am confident his operations and safety leadership will help ensure that our world class performance continues.

"On behalf of the Board, I would like to thank Ron Royal for his long and committed service to the Board and to Valeura as a founding director and early investor in the Company. We have come to rely upon his candour and broad technical and international operational experience in contributing to key Board decisions over the years, and his presence will be missed.

"In addition, I am very pleased to welcome Lina Lee to our board. With her extensive experience in international energy, including the Southeast Asia region, I have no doubt she will be an excellent source of sound independent advice for our Board and a great asset in guiding the firm through the next exciting phase of developing our Thailand assets and building out our Southeast Asian business."

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries) [phone]
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
[e-mail]

Valeura Energy Inc. (Investor Enquiries) [phone] / [phone]
Robin James Martin, Vice President, Communications and Investor Relations
[e-mail]

Auctus Advisors LLP (Corporate Broker to Valeura) [phone]
Jonathan Wright
[e-mail]

CAMARCO (Public Relations, Media Adviser to Valeura) [phone]
Owen Roberts, Billy Clegg
[e-mail]

About the Company

Valeura Energy Inc. is a Canada-based public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Turkey. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.