Epsilon Energy Ltd. announced its newly reconstituted board of directors on July 15, 2013, being Matthew W. Dougherty, John V. Lovoi, Adrian Montgomery, Ryan Roebuck and Ramik Arandjelovic. Mr. Lovoi has been named the Chairman of the Board and the Interim Chief Executive Officer, until a search for a new CEO is concluded by the Board. Mr. Arandjelovic remains in the position of President of the company, and Mr. Lane Bond remains as Chief Financial Officer.

The Board has appointed Mr. Roebuck as Chairman of the Audit Committee of the Board. The Board has also combined the functions of the Compensation Committee and the Nominating and Corporate Governance Committee into one Board committee for efficiency purposes. Mr. Dougherty has been appointed the Chairman of the Compensation, Nominating and Corporate Governance Committee.

Matthew W. Dougherty is a Managing Director of Advisory Research Inc. As Managing Director, Mr. Dougherty oversees the firm's investments in oil and natural gas producers and has served as the Portfolio Manager of the Advisory Research Energy Fund, L.P. since 2005. In this capacity, Mr. Dougherty leads a team with significant expertise in unconventional oil and natural gas assets throughout North America. John V. Lovoiis the managing partner of JVL Advisors, LLC (JVL) and also a manager of Lobo Baya, LLC.

Mr. Lovoi is a Director of Helix Energy Solutions Group and Chairman of Dril-Quip Inc. Adrian Montgomery is currently the Chief Investment Officer of Tuckamore Capital Management Inc. (formerly Newport Partners Income Fund) (Tuckamore). Ryan Roebuck currently serves as a partner of XDR Capital Group (XDR), a private investment firm located in Toronto where he specializes in investing in public and private event driven and special situations in North America.