ARROW Exploration Corp. announced that Mr. Bruce McDonald accepted the permanent appointment as Arrow's President & Chief Executive Officer, and existing independent director, Mr. Dominic Dacosta, accepted the appointment as Chairman of Arrow's Board of Directors, both appointments effective immediately. The Company previously announced on April 30, 2019 that in contemplation of the upcoming retirement of Mr. Gary Wine, the Board accepted Mr. Wine's resignation as Arrow's President & Chief Executive Officer effective May 1, 2019, and at that time appointed Mr. McDonald as interim President & Chief Executive Officer.

Earlier, Mr. Wine also tendered his resignation from the Board, which was accepted effective immediately. The Board continues to evaluate candidates and anticipates appointing a new independent director in the near future. In addition to the appointment of Mr. Dacosta as Board Chair, Mr. Dacosta has also been appointed to the Company's Audit Committee in place of Mr. McDonald, who stepped down from that role in conjunction with his appointment as President and CEO, and Mr. James McFarland has been appointed to sit on the Company's Reserves Committee in place of Mr. Wine, who has resigned.