Gear Energy Ltd. announced that Scott Robinson has been appointed as the Chair of the Board of Directors (the "Board") of the Company. Mr. Robinson has been a director of the Company since 2019. Mr. Robinson is an independent businessman who from 2019 to 2023 served as the Vice-President, Business Development of Peyto Exploration and Development Corp.

("Peyto") and from 2006 through 2019 served as Executive Vice President, Operations and Chief Operating Officer of Peyto. Mr. Robinson has a Masters Degree in Chemical Engineering from the Colorado School of Mines and has been a petroleum engineer for over 38 years.