Mr. Gary Guidry reports

GRAN TIERRA ENERGY INC. ANNOUNCES CLOSING OF STRATEGIC JOINT VENTURE TRANSACTION AND PARTNERSHIP WITH LOGAN ENERGY CORP. TO ACCELERATE VALUE IN HIGH-IMPACT CANADIAN MONTNEY OIL PLAY

Gran Tierra Energy Inc. (by way of its wholly owned subsidiary) has completed its previously announced strategic joint venture transaction and partnership with Logan Energy Corp. Pursuant to the transaction, Gran Tierra and Logan entered into a purchase and sale agreement whereby Logan acquired a 50-per-cent working interest and operatorship of a portion of Gran Tierra's Simonette Montney assets for approximately $52-million in cash, subject to customary adjustments. Gran Tierra will retain the remaining 50-per-cent working interest in the assets.

The transaction is expected to provide a growth-focused platform to advance Gran Tierra's Montney development and is aligned with the company's corporate strategy of long-term value creation.

About Gran Tierra Energy Inc.

Gran Tierra, together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador, and will continue to pursue additional new growth opportunities that would further strengthen the company's portfolio. The company's common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE.

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