Calgary, Alberta – Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR), a prominent energy company specializing in the development of thermal energy resources in Alberta's Athabasca region, has made a significant announcement regarding its corporate governance. The company has appointed Tom Ebbern to its Board of Directors, enhancing the board's technical, financial, and governance expertise.

Mr. Ebbern boasts an impressive career spanning over 40 years in the oil and gas industry, including extensive experience with SAGD (Steam-Assisted Gravity Drainage) assets. He has held vital roles in energy investment banking and capital markets, further solidifying his credentials. Most recently, he served as a Strategic Advisor for North West Refining Inc. and previously acted as the CFO from 2012 to 2019. His history of involvement includes board positions at notable organizations, such as Athabasca Oil Corporation and Repsol Canada.

The Board believes that Mr. Ebbern's expertise will significantly aid Greenfire in pursuing strategic growth and executing its development plans effectively.

In another important update, Greenfire has announced its Annual and Special Meeting of Shareholders, set for May 6, 2025, in Calgary. This meeting is a response to a requisition from Waterous Energy Fund, which holds approximately 43.3% of Greenfire’s outstanding shares. The upcoming meeting will address regular business matters, including the company’s Amended Rights Plan, which serves to protect shareholder interests.

The Amended Rights Plan, designed to be ratified by shareholders within six months, will cease to be effective if not approved by the meeting date. This legal maneuver aligns with the policies of the Toronto Stock Exchange (TSX), ensuring ongoing compliance and shareholder protection.

As Greenfire positions itself for future growth, the company emphasizes its focus on operational excellence and maintains a commitment to employee ownership within its entrepreneurial environment. The company operates crucial Tier-1 assets using innovative extraction methods.

Shareholders can anticipate more information leading up to the meeting, including a detailed management information circular outlining how to vote and the matters at hand. With these strategic decisions, Greenfire Resources is gearing up for a transformative phase aimed at reinforcing its position in the energy sector.

For the latest developments and financial information about Greenfire, investors and stakeholders are encouraged to visit the company's website or participate in upcoming shareholder communications.

Stay tuned as Greenfire Resources embarks on this promising journey with a stronger leadership team poised for growth!