Gear Energy Ltd. announced that Ingram Gillmore will be retiring from his role as the President and Chief Executive Officer of the Company effective April 8, 2024. The Company announced that Kevin Johnson will be appointed as the new President and CEO of the Company effective on April 8, 2024. Mr. Gillmore has served as the President and CEO of the Company since 2010 as the Company has grown through both acquisitions and organic drilling across Saskatchewan and Alberta.

Mr. Johnson is a Professional Engineer with close to 20 years of industry experience in the Western Canadian Sedimentary Basin. Mr. Johnson has been instrumental in resource opportunity identification and exploitation in past roles, executing play entry strategies to build significant company value. Most recently, Mr. Johnson served as the Vice-President, Engineering of Artis Exploration Ltd. a private equity backed oil and gas company with assets focused in the East Basin of the Duvernay light oil resource play.

Prior to Artis, Mr. Johnson served in progressively more senior positions with a variety of companies including Vermilion Energy Inc., Kereco Energy Ltd. and Ketch Resources Ltd. Mr. Johnson has a Bachelor of Science degree in Oil and Gas Engineering from the University of Calgary and is a member of the Association of Professional Engineers and Geoscientists of Alberta.