New US$75 Million Credit Facility

CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has, through its wholly owned subsidiary, Gran Tierra Energy Colombia GmbH, a Swiss limited liability company, entered into a reserve-based lending facility with commitments of up to US$75 million as of the date hereof (the “closing date”). The new facility has a final maturity date in 36 months from the closing date.

Ryan Ellson, Chief Financial Officer of Gran Tierra, commented today:

“We are very pleased to have successfully closed a new credit facility which enhances our liquidity and underscores the strength and resilience of our business. Securing this facility during a period of market volatility is a testament to the quality of our assets, the consistency of our cash flow generation, and the confidence our partners have in Gran Tierra’s strategy. This facility supports our continued commitment to strengthening our balance sheet, enhancing operational flexibility, and delivering long-term value to all stakeholders.”

Highlights of the new facility include:

A commitment of US$75 million, redetermined annually (beginning May 1, 2026)

Interest payable on the facility is based on a Term Secured Overnight Financing Rate plus a margin of 4.50% per annum

Final maturity date of 36 months from the closing date

All outstanding principal, interest, and other payment obligations are due on the maturity date with option to prepay without prepayment penalty

The loan is secured by, among other things, the economic rights over certain contracts together with Gran Tierra’s Colombian commercial establishment

About Gran Tierra Energy Inc.