Arrow Exploration Corp. announced that Gary Wine will be retiring on or about May 31, 2019 and that, in order to accommodate his retirement, the Board of Directors of the company has accepted Mr. Wine's resignation from his role as President & Chief Executive Officer effective May 1, 2019. Mr. Wine has agreed to assist the transition process and will act as a Special Advisor to the company until his retirement and at the same time continue to serve on the Board on an interim basis until a new director is appointed.

The Board has approved the appointment of Mr. Bruce McDonald, Arrow's Executive Chairman, as interim President & Chief Executive Officer effective May 1, 2019. 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.