Gran Tierra Energy Inc. Announces Pricing of an Additional $150 Million Aggregate Principal Amount of its 9.500% Senior Secured Amortizing Notes due 2029 

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CALGARY, Alberta,Sept 13, 2024 (WORLD WIRE SERVICE)– Gran Tierra Energy Inc (“Gran Tierra” or the “Company”) ( NYSE American: GTE)( TSX: GTE)( LSE: GTE) today introduced that it has actually valued its offering of an added $150 million accumulation principal quantity of its formerly provided 9.500% Senior Secured Amortizing Notes due 2029 (the “Notes”) in a personal positioning to individuals fairly thought to be certified institutional customers in the United States according to Rule 144A under the Securities Act of 1933, as changed (the “Securities Act”), to non-U.S. individuals in deals outside the United States according to Regulation S under the Securities Act, and according to particular program exceptions in Canada.

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Gran Tierra formerly had exceptional US$ 587,590,000 accumulation principal quantity of 9.500% Senior Secured Amortizing Notes due 2029 (the “Original Notes”). The Notes will certainly have the exact same terms and arrangements as the Original Notes, with the exception of the concern day and the concern rate, and will certainly develop the exact same collection as the Original Notes, consisting of relative to passion settlements. Gran Tierra anticipates to shut the offering on September 18, 2024. Gran Tierra anticipates to obtain web earnings, after first buyers’ price cuts and compensations and approximated charges and offering expenditures, of roughly US$ 136.0 million. Upon negotiation, the Notes are anticipated to trade under the exact same CUSIP number as the Original Notes, other than that the Notes marketed according to Regulation S under the Securities Act will certainly have a various CUSIP number than the Original Notes till 40 days after the concern day of the Notes.

The Notes will certainly be assured by particular subsidiaries ofGran Tierra Gran Tierra means to utilize the web earnings from the offering to fund the money part of the factor to consider payable for the shares under the regards to the suggested procurement of the whole provided and to be provided share funding of i3 Energy plc, a public restricted business arranged under the regulations of England and Wales, and any type of continuing to be web earnings from the offering for basic company functions, which might consist of extra funding to assess and establish expedition discoveries, payment of various other bankruptcy, functioning funding and/or procurements.

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This news release does not comprise a deal to offer or the solicitation of a deal to purchase the Notes, neither will there be any type of sale of the Notes in any type of territory in which such deal, solicitation or sale would certainly be illegal before the enrollment or credentials under the safeties regulations of any type of such territory. The Notes will certainly not be signed up under the Securities Act or the safeties regulations of any type of various other territory and might not be supplied or marketed in the United States missing enrollment or a relevant exception from the enrollment demands of the Securities Act and relevant state safeties regulations.

The offering is being made, and the Notes are being supplied and provided, just (a) in the United States to capitalists that are fairly thought to be “qualified institutional buyers” (as specified in Rule 144A under the Securities Act) in dependence upon the exception from the enrollment demands of the Securities Act, (b) outside the United States to capitalists that are individuals aside from “U.S. persons” (as specified in Rule 902 under the Securities Act) in dependence upon Regulation S under the Securities Act, and (c) according to particular program exceptions in Canada.

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This news release is being provided according to and based on Rule 135c under the Securities Act.

Cautionary Statement Regarding Forward-Looking Statements

This news release consists of progressive declarations within the significance of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as changed, and the secure harbor arrangements of the Private Securities Litigation Reform Act of 1995 or “forward-looking information” within the significance of relevant Canadian safeties regulations. All declarations aside from declarations of historic truths consisted of in this news release, and those declarations come before by, complied with by or that or else consist of words “may,” “might,” “will,” “would,” “could,” “should,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “target,” “goal,” “guidance,” “budget,” “plan,” “objective,” “potential,” “seek,” or comparable expressions or variants on these expressions are progressive declarations. Gran Tierra can provide no guarantees that the presumptions whereupon the progressive declarations are based will certainly show to be proper or that, also if proper, interfering conditions will certainly not strike create real outcomes to be various than anticipated. Because progressive declarations go through threats and unpredictabilities, real outcomes might vary materially from those revealed or indicated by the progressive declarations. There are a variety of threats, unpredictabilities and various other essential variables that might create Gran Tierra’s real outcomes to vary materially from the progressive declarations, consisting of, yet not restricted to, declarations connected to Gran Tierra’s assumptions concerning the conclusion, timing and dimension of the suggested offering and use earnings; and those variables laid out in Part I, Item 1A, “Risk Factors” in Gran Tierra’s Annual Report on Form 10-K for the year finished December 31, 2023, and in Gran Tierra’s various other filings with the united state Securities andExchange Commission Although Gran Tierra thinks the assumptions mirrored in the progressive declarations are affordable, Gran Tierra can not assure future outcomes, degree of task, efficiency or success. Moreover, neither Gran Tierra neither any type of various other individual thinks obligation for the precision or efficiency of any one of these progressive declarations. Investors ought to not trust progressive declarations as forecasts of future occasions. The info consisted of here is provided since the day of this news release and, other than as or else needed by the safeties regulations, Gran Tierra disclaims any type of commitment or carrying out to openly launch any type of updates or alterations to, or to take out, any type of progressive declaration included in this news release to show any type of modification in Gran Tierra’s assumptions with respect thereto or any type of modification in occasions, problems or conditions on which any type of progressive declaration is based.

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REGARDING GRANDMOTHER TIERRA POWER INC.

Gran Tierra Energy Inc along with its subsidiaries is an independent worldwide power business presently concentrated on worldwide oil and gas expedition and manufacturing with properties presently in Colombia andEcuador The Company is presently establishing its existing profile of properties in Colombia and Ecuador and will certainly remain to go after extra development possibilities that would certainly better enhance the Company’s profile. The Company’s ordinary shares professions on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker sign GTE.

For financier and media questions please get in touch with:
Gary Guidry, President & & Chief Executive Officer
Ryan Ellson,Executive Vice President &Chief Financial Officer
+1 -403 -265 -3221
info@grantierra.com

RESOURCE Gran Tierra Energy Inc.

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