Pieridae Announces the Results of Its Annual and Special Shareholder Meeting

Press Release

CALGARY, ALBERTA – June 18, 2019 – Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA – TSXV) today announced the re-election of Mr. Myron A. Tétreault, Mr. Alfred Sorensen, Mr. Charles Boulanger, Mr. Andrew Judson, Mr. Kjell Pedersen and Mr. Tim de Freitas as its directors for the forthcoming year, and the election of Mr. Charle Gamba as a new independent director.

Charle Gamba

Mr. Gamba is currently president and chief executive officer of Canacol Energy Ltd. which he founded in 2008. He has held a variety of technical and management roles with major and          mid-sized international oil companies, with the majority of his professional career focused on exploration and production in South America. Prior to Canacol, Mr. Gamba was vice president of exploration for Occidental Oil & Gas Company based in Bogota, Colombia. In his eight years with Occidental, he has lived and worked in Ecuador, Qatar, Colombia and the United States, working in a variety of technical and management roles. Mr. Gamba has also worked for Alberta Energy Company in Argentina and Ecuador, and for Canadian Occidental in Indonesia, Australia and Canada. He started his career as a geologist with Imperial Oil in Calgary and holds an MSc and PhD in Geology.

“Mr. Gamba brings with him a technical depth of knowledge on the upstream side that our company will greatly benefit from,” said Pieridae CEO Alfred Sorensen. “He will enhance the Board’s ability to give guidance and insight to management on how best to enhance the value of our Alberta gas reserves, and look to new options to fill out the natural gas needed to supply train 1 of our Goldboro LNG Project.”

About Pieridae

Founded in 2011, Pieridae, a majority Canadian owned corporation based in Calgary, is focused on the development of integrated energy-related activities, from the exploration and extraction of natural gas to the development, construction and operation of the Goldboro LNG facility and the production of LNG for sale to Europe and other markets.  Pieridae is on the leading edge of the re-integration of the LNG value chain in North America. Pieridae has 84,121,990 common shares issued and outstanding which trade on the TSX Venture Exchange (PEA).

For further information please contact:

Alfred Sorensen, Chief Executive Officer
Telephone: (403) 261-5900

Melanie Litoski, Chief Financial Office
Telephone: (403) 261-5900

James Millar, Director, External Relations
Telephone: (403) 261-5900

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