Valeura Energy Inc. announced that Lyle Martinson will be retiring from the Company due to unforeseen personal reasons, and Peter Sider will assume the role of Chief Operating Officer ("COO"). Peter Sider is a professional engineer with more than 35 years experience in international operations and executive leadership roles. Most recently, Mr. Sider was Country Manager for Valeura, based in Ankara, Turkey, and as such, brings first-hand operations and in-country experience to the role of COO. Before joining Valeura, Mr. Sider held several senior international operations roles, including VP of Operations, Engineering and Business Development for Petromanas Energy based in Albania, where he oversaw exploratory drilling and completions into fractured carbonates at depths greater than 5,000 metres. Prior to that, he was VP of Operations for Vermilion Energy based in France, with responsibility for operations and production in Europe. Mr. Martinson will work with Mr. Sider to ensure a smooth transition of the COO role.