October 4, 2019

Gran Tierra Energy Inc.

(the "Company")

Notification of Transactions in the Company's Shares by Director and Persons Discharging Managerial Responsibility

The Company announces the following transactions in the Company's common shares, Deferred Stock Units and Stock Options undertaken by directors / persons discharging managerial responsibility ("PDMRs").

Deferred Stock Units ("DSUs") and Stock Options have been granted to PDMRs effective October 1, 2019 in accordance with the payment of directors' fees for the fourth quarter of 2019. Each DSU represents a contingent right to receive one share of the Company's common stock. The DSUs vest in full on award and are paid out at such time as the director ceases to be a member of the Board of Directors of the Company.Each Stock Option permits the holder to purchase one share of common stock of the Company at the stated exercise price. The exercise price equals the market price of a share of common stock at the time of grant. Stock Options vest over three years and expire five years from the date of issue.

The notification set out below is provided in accordance with the requirement of Article 19 of the EU Market Abuse Regulation.

Contact Information:

Gary Guidry

President and Chief Executive Officer

Ryan Ellson

Executive Vice President and Chief Financial Officer

Rodger Trimble

Vice President, Investor Relations

  1. 265-3221info@grantierra.com

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Dey, Director

Evan Hazell, Director

Bob Hodgins, Director

Ron Royal, Director

David Smith, Director

Sondra Scott, Director

Brooke Wade, Director

2

Reason for the notification

a)

Position/status

See 1 a) above

b)

Initial

Initial notification

notification

/Amendment

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction

monitor

a)

Name

Gran Tierra Energy Inc.

b)

LEI

549300IH2S17MAIUCM32

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of

transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of

Deferred Stock Units

the financial

instrument, type

Each Deferred Stock Unit represents a contingent right to receive one share of Gran Tierra

of instrument

Energy Inc. common stock.

Identification

n/a

code

b)

Nature of the

Grant of Deferred Stock Units

transaction

c)

Price(s) and

volume(s)

PDMR

Price(s)

Volume (s)

Peter Dey

n/a

34,334

Evan Hazell

n/a

27,681

Bob Hodgins

n/a

30,645

Ron Royal

n/a

34,334

David Smith

n/a

15,786

Sondra Scott

n/a

37,177

Brooke Wade

n/a

34,334

d)

Aggregated

information

Price(s)

Volume (s)

- Aggregated

volume

n/a

214,291

- Price

e)

Date of the

1 October 2019

transaction

f)

Place of the

Outside a trading venue

transaction

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of

transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of

Stock Options

the financial

instrument, type

Each Stock Option represents a right to purchase one share of Gran Tierra Energy Inc.

of instrument

common stock at the stated exercise price

Identification

n/a

code

b)

Nature of the

Grant of Stock Options

transaction

c)

Price(s) and

volume(s)

PDMR

Price(s)

Volume (s)

Peter Dey

USD 1.17

10,875

Evan Hazell

USD 1.17

10,875

Ron Royal

USD 1.17

10,875

David Smith

USD 1.17

10,875

Brooke Wade

USD 1.17

10,875

d)

Aggregated

information

Price(s)

Volume (s)

- Aggregated

volume

USD 1.17

54,375

- Price

e)

Date of the

1 October 2019

transaction

f)

Place of the

Outside a trading venue

transaction

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Disclaimer

Gran Tierra Energy Inc. published this content on 04 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2019 20:01:06 UTC