Management

LISA FERRARO, New York, New York – Chief Executive Officer

Ms. Ferraro has been the Chief Executive Officer of Polar Star since inception in April, 2009. She is also Managing Director, Global Private Markets at TIAA-CREF. Ms. Ferraro is head of the energy & infrastructure portfolio management and oversees the organization's portfolio of equity and infrastructure assets. She has 23 years of investment experience. Previously she was a vice president at Prudential Capital where she covered utilities, project finance and energy companies in the eastern and western region of the U.S.Ms. Ferraro holds a B.S. in economics with a concentration in marketing and entrepreneurial management from Wharton, University of Pennsylvania and an MBA in finance from New York University.

KARL RUMPF, Calgary, Alberta – President

Mr. Rumpf has been President of Polar Star since March 1, 2012. He is a Professional Geologist with 15 years of experience in exploration in Western Canada. Mr. Rumpf was most recently Corporate Operating Officer, West and New Ventures at Perpetual Energy Inc. Prior to Perpetual, Mr. Rumpf was Vice-President Exploration at Profound Energy Inc. and Manager, Exploration at Find Energy Inc. Previous experience includes Canadian Hunter Exploration Limited. and Chevron Canada Limited. Mr. Rumpf obtained his Bachelor of Science (Geology) with Honours from the University of Alberta in 1994 and his Masters of Science in Earth Sciences from the University of Waterloo in 1997. Mr. Rumpf is a graduate of the Institute of Corporate Directors, Rotman School of Business.

EVELYN BURNETT, Calgary, Alberta – Vice President Finance and Chief Financial Officer

Ms. Burnett has been Vice President Finance and Chief Financial Officer of Polar Star since March 1, 2012. She is a CMA with over 37 years of finance and accounting experience in the oil and gas industry. Most recently, Ms. Burnett was Chief Financial Officer of Milestone Exploration Inc. Prior positions include Vice President Finance and Chief Financial Officer of Profound Energy Inc., Controller, Find Energy Inc. and Controller, Olympia Energy Inc. Ms. Burnett received her Bachelor of Commerce degree with a specialization in finance from the University of Calgary in 1983 and her CMA in 2003.

DARRIN FOSTER, Calgary, Alberta – Chief Operating Officer & Vice President Operations

Mr. Foster joined the Polar Star Team in September, 2014. He is a Professional Engineer with over 25 years' experience in the western sedimentary basin and was most recently the COO and VP Operations with Aduro Resources Ltd. Prior to Aduro, he held executive positions with Milestone Exploration Inc. and Crispin Energy Inc. Previous experience also include management and senior roles with various junior and large E&P operators. Mr. Foster received his B Sc. In Petroleum Engineering from Montana Institute of Technology in 1988

KEVIN ORRISS, Calgary, Alberta – Vice President Land

Mr. Orriss joined Polar Star as Vice President Land on April 1, 2012. Prior to Polar Star, Mr. Orriss was Manager of Land Negotiations at Perpetual Energy Inc. and Vice-President, Land at Profound Energy Inc. His 36 years of industry experience also includes employment at Find Energy Inc., where he was Manager of Land and Marathon Energy where he was Director of Business Development. Mr. Orriss received his Bachelor of Science (Physiology and Pharmacology) with Honours from the University of Western Ontario in 1975.