Greenfire Resources announces new President Colin Germaniuk

Greenfire Resources Ltd. (NYSE: GFR) today announced the appointment of Colin Germaniuk, P.Eng., as President and Adam Waterous as Executive Chairman of the Company. Mr. Germaniuk will report directly to Adam Waterous.

Mr. Germaniuk brings extensive experience in thermal oil operations to Greenfire. Prior to joining Greenfire, Mr. Germaniuk spent eight years at Serafina Energy Ltd., a private thermal oil company, where he was an early employee and a member of the executive management team. While at Serafina, he played a critical role in organically growing thermal oil production from zero to approximately 40,000 barrels per day. Serving as the Vice President of Engineering and Health, Safety, and Environment ("HSE"), and before then as the Vice President, Subsurface, Mr. Germaniuk was accountable for drilling, completions, production and reservoir engineering, geology and geophysics, subsurface development, long range plan forecasting, and corporate HSE functions. Mr. Germaniuk's previous experience includes management roles at Connacher Oil and Gas Limited and Canadian Natural Resources Limited, in each case focused on thermal oil operations.

Adam Waterous, Executive Chairman, commented: "On behalf of the Board of Directors, I am delighted to welcome Colin as President of Greenfire. Colin is a proven leader with deep operational expertise in thermal oil production. His track record of driving safe, capital efficient, and reliable operations makes him the right person to lead Greenfire's next phase of growth."

Colin Germaniuk commented, "Greenfire has tremendous potential, and I'm excited to unlock value by driving operational excellence. I look forward to working with the team to optimize operations, reduce costs, and maximize production."

As part of this leadership transition, Robert Logan, President and Chief Executive Officer, along with three Senior Vice Presidents - Kevin Millar (SVP, Operations & Steam Chief), Albert Ma (SVP, Engineering), and Crystal Park (SVP, Commercial) - will be departing the Company. Tony Kraljic and Jonathan Kanderka will continue in their roles as Chief Financial Officer and Chief Operating Officer of the Company, respectively, and will report to Colin Germaniuk.

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