Stampede Drilling Inc. announced that effective March 16, 2023, Tim Beatty, Kerri Beuk and Andrew Ross have joined Stampede's Board of Directors. Over the past several months, largely as a result of Stampede's continued rapid growth and expansion, the Corporate Governance and Compensation Committee had been undertaking a formal director recruitment process. The goal of the process was to further augment the already strong depth and breadth of skills possessed by Stampede's Directors, as well as providing additional members for the Board Committees.

The three new Directors are independent, and are not nominees of any of Stampede's stakeholders. Mr. Ross has over 27 years of investment banking experience primarily focused in the Canadian and international energy sector. He was a Managing Director of Scotiabank Global Markets, the investment banking division of Scotiabank, from 2007 to 2021, and prior thereto worked at Genuity Capital Markets (2005-2007), Merrill Lynch Canada (2000-2005) and RBC Capital Markets (1994-2000).

Before working in investment banking, Mr. Ross was a professional Geophysicist with Chevron Canada Resources from 1987-1992. Mr. Ross holds a Bachelor of Engineering Honours (Geophysics) from Queen's University and a Master of Business Administration from the University of British Columbia. Mr. Beatty holds a BSc in Petroleum Engineering from Montana Tech University and is a Professional Engineer member with APEGA.

Mr. Beatty has over 30 years of oil and gas experience in both the E&P and service sectors and more than 20 years directly related to the drilling industry. Mr. Beatty has obtained his ICD.D designation and is President & CEO/Board of Director at Aral Resources Ltd.Mr. Beatty gained strong banking/financing knowledge when he sat on the Board of Bow Valley Credit Union and has been responsible for annual drilling budgets of $1 billion. Mr. Beatty has successfully created several unique partnerships within the Indigenous communities where his organizations have conducted operations.

Mrs. Beuk is an executive business leader with 30 years of experience in the energy services industry. Mrs. Beuk is the Founder and Principal Consultant of Eleven Street Ventures, a Canadian-based business management firm focused on assisting start-ups/scale-ups in achieving growth and development through the provision of personalized financial solutions, business development strategies and other bespoke corporate services. Previously, Mrs. Beuk worked at PTW Energy Services Ltd. as Chief Operating Officer, where she was responsible for North American operations totaling a half billion in revenue and over 1,800 employees.

Prior thereto, Mrs. Beuk held various positions throughout a decades- long career with AECOM (formerly Flint Energy Services Ltd./URS Corp.) progressively advancing to her final role of VP of Operations where she led the division's largest region that served more than 30 high-value clients throughout Western Canada. Mrs. Beuk earned her Haskayne Executive MBA degree in 2011 from the University of Calgary.