Polaris Infrastructure Announces Results of Annual Meeting - Seite 2

The Company is also pleased to announce that Shane Downey has joined the Company as Chief Financial Officer. Mr. Downey complements Polaris' existing management team with broad expertise in corporate finance, mergers and acquisitions and accounting, and will provide strategic input as the Company embarks on its growth strategy, including a new drilling program aimed at increasing production at San Jacinto.

In his new role, Mr. Downey will be taking over for Ashlee Carter, who has transitioned to a consultancy role for the Company. Mr. Downey was most recently Managing Director with Bank of Montreal, Corporate Finance, where he provided strategic guidance and a full range of debt product solutions to corporate and private equity clients. A Chartered Professional Accountant (CPA) / Chartered Accountant (CA), Mr. Downey has worked in both Toronto and London, United Kingdom with KPMG, as well as with PricewaterhouseCoopers in Toronto, providing financial and accounting diligence services in the context of proposed mergers and acquisition activity. Mr. Downey is a graduate from Cornell University, Dyson School of Applied Economics and Management, in Ithaca, New York.

About Polaris Infrastructure Inc.

Polaris is a renewable energy company engaged in the business of acquiring, exploring, developing and operating geothermal properties, and has interests in geothermal projects in the United States, Canada, and Latin America.

Cautionary Statements

This press release contains certain "forward-looking information" which may include, but is not limited to, statements with respect to future events or future performance. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.