ARROW Exploration Corp. announced that the board of directors has appointed Mr. Felix Betancourt as Interim Chief Executive Officer, based in Bogota Colombia, effective immediately. The appointment of Mr. Betancourt remains subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.

Mr. Betancourt is a former senior executive of both Canacol Energy Ltd. and Ecopetrol S.A. (Colombia's State Oil Company). Mr. Betancourt worked with Canacol since its inception in 2008 in several roles including: General Manager of Colombia, VP of Finance & New Business, and President of Mid-Stream prior to retiring in May of 2018. Mr. Betancourt was employed with Ecopetrol from 1993 ­ 1998 in the roles of Director of Corporate Planning and Vice President of Finance (CFO).

Mr. Betancourt has also been a consultant and advisor to several organizations and companies including: The Ministry of Mines and Energy of Colombia, UPME, Colombia's National Department of Planning (DNP), The World Bank, National Association of Sugar Cane Growers (ASOCAÑA), BASF, BAYER, Latin American Energy Organization, Inter-American Development Bank (IDB), Colombia's National Energy Regulatory Commission (CREG), Economic Commission for Latin America and the Caribbean (ECLAC), United Nations Developing Program (UNDP) as well as to the governments and energy authorities of: Panama, Costa Rica, El Salvador, Honduras, Nicaragua, Guatemala, Dominican Republic, Ecuador, Bolivia and Venezuela. Mr. Jack Scott, Chief Operating Officer of Arrow, had previously been appointed by the Board of Directors as interim President & Chief Executive Officer of Arrow effective October 17, 2019, in addition to his role as Chief Operating Officer.