Exploration, Development and Production Sharing Agreement (EDPSA) was signed between SOCAR and Gran Tierra Energy Inc. covering an onshore prospective area in the Guba–Khazaryani region of the Republic of Azerbaijan.

The Agreement was signed by Rovshan Najaf, President of SOCAR, and Gary Guidry, President and Chief Executive Officer of Gran Tierra Energy Inc.

Under the terms of the Agreement, Gran Tierra Energy Inc. will hold a 65% working interest and act as the operator. The exploration work program includes the acquisition of airborne gravity data, 3D seismic surveys, and the drilling of exploration wells aimed at unlocking the hydrocarbon potential of the contract area.

The Agreement will enter into force following its ratification by the Parliament of the Republic of Azerbaijan.

About SOCAR

SOCAR is one of the leading international energy companies. In order to ensure the economic interests of the Azerbaijani people, SOCAR is a major operator and participant in a number of transnational projects across the country and abroad. The company is active in all the oil and gas industry value chains. Exploration of oil and gas fields, production, processing and transportation of oil, gas and gas condensate constitute the main part of the operations of SOCAR. SOCAR also exports natural gas, oil and petrochemical products to the country's market, as well as international markets. The company's goal is to become a vertical integrated international energy company with advanced experience in the field of effective operation, social and environmental responsibility. As an important EU energy supplier, SOCAR plays a special role in the sustainable economic development of Europe.

About Gran Tierra Energy Inc.

Gran Tierra Energy Inc., 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.