January 18, 2016

All dollar amounts are in United States (“U.S.”) dollars unless otherwise indicated. Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (GTE.TO)(GTE.TO) is pleased to announce its 2016 capital and operating budget. Given the current volatility in commodity prices, the board of directors of Gran Tierra has approved a flexible budget focusing capital allocation on projects to grow and expand

Pulse Seismic Inc. (“Pulse” or “the Company”) is pleased to report preliminary, strong fourth quarter data library sales of $8.6 million compared to $8.4 million for the fourth quarter of 2014. Year-over-year, total data library sales decreased from $35.7 million in 2014 to $21.1 million in 2015. As of January 15 , the Company was debt-free and had a cash