Greenfire Resources Ltd.

Other than 131,035 Common Shares beneficially owned, controlled or directed by Mr. Kim, which are registered in the name of Canyon Creek Management Inc. and 7,849 Common Shares beneficially owned, controlled or directed by Mr. Ebbern, none of the proposed directors beneficially owns, or controls or directs, directly or indirectly, any voting securities of the Company. The foregoing excludes securities associated with the interests held by each of Messrs. Waterous, Hager, Kim and Roosth in certain of the WEF Shareholders. Mr. Waterous may be considered to exercise some degree of control and direction over the Common Shares beneficially owned, directly or indirectly, or controlled or directed by, the WEF Shareholders, which equal in the aggregate 90,317,640 Common Shares, representing approximately 72.0% of the outstanding Common Shares. Further, the business and affairs of each WEF Shareholder and relevant general partner are managed by the WEF Manager, which is owned indirectly and controlled by Mr. Waterous.

Additional Disclosure Relating to Proposed Directors

Except as otherwise disclosed herein, none of the proposed directors (nor any personal holding company of any such persons) is, as of the date hereof, or was within the 10 years before the date hereof, a director, chief executive officer or chief financial officer of any company (including the Company) that was subject to a cease trade order, an order similar to a cease trade order or an order that denied the relevant company access to any exemption under securities legislation, in each case that was in effect for a period of more than 30 consecutive days that was issued while the director was acting in the capacity as director, chief executive officer or chief financial officer; or that was issued after the director ceased to be a director, chief executive officer or chief financial officer and which resulted from an event that occurred while that person was acting in the capacity as director, chief executive officer or chief financial officer.

Except as otherwise disclosed herein, none of the proposed directors (or any personal holding company of any of such persons) is, as at the date hereof, or has been within the 10 years before the date hereof, a director or executive officer of any company (including the Company) that, while that person was acting in that capacity, or within a year of that person ceasing to act in that capacity, became bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency or was subject to or instituted any proceedings, arrangement or compromise with creditors or had a receiver, receiver manager or trustee appointed to hold its assets.