The Directors of Calvalley Petroleum Inc. are as follows:

Edmund M. Shimoon Gary Robertson Kenneth M. Stephenson

Memet Kont Thomas H. Skupa Thomas E. Valentine

Edmund Shimoon, was President, Chief Executive Officer and a director of O.R.I. Energy Inc., since its incorporation, and held a similar position with the predecessor corporation to Calvalley Petroleum Inc. since 1995 and held the same positions with the Company until December 31, 1997. Since January 1, 1998, Mr. Shimoon has held the positions of Chairman of the Board, Chief Executive Officer and President of the Company. He is also a director of Calvalley Petroleum (Cyprus) Ltd. As of June 2, 2009, Mr. Shimoon retains the position of Chief Executive Officer and Chairman of Calvalley Petroleum Inc.

Memet Kont is a registered professional Engineer and professional Geologist with APEGGA and holds an MBA from the University of Calgary. Mr. Kont has developed strong technical and business skills through his positions at UBS Securities, Jennings Capital, McDaniel and Associates, and Geological Survey of Canada. Mr. Kont has over 17 years of experience in oil and gas, in all areas of E&P upstream operations, including exploration, production, reserves, economics and finance. Mr. Kont jointed Calvalley in April 2008 as Chief Operating Officer and then promoted to hold the office of President and Chief Operating Officer in June, 2009.

Gary Robertson, C.A., is a chartered accountant by training. Mr. Robertson has worked for the past 25 years as President of Robertson Financial Services, where he has provided financial services in several areas. He has been particularly active in private equity formations, including a number in the oil and gas industry. Mr. Robertson is one of the original shareholders of Calvalley and its predecessor corporations and was also a Director of the Company from May 1994 to February 2000.

Thomas H. Skupa graduated, with a B.A.Sc. in Chemical Engineering from the University of British Columbia and an MBA from the University of Alberta. As president of Cattom Enterprises Ltd., Mr. Skupa currently provides business and project development services to the engineering, procurement and construction industries, specializing in oil & gas production, petroleum refining and petrochemicals. His 40 plus years of industry experience include ten years as Executive Director, Marketing for Fluor Daniel Canada; seven years as General Manager, Natural Gas Liquids for Petro-Canada; and three years as Manager, Offshore & International Joint Ventures for Petro-Canada. Prior to that, Mr. Skupa was employed in management and engineering positions with Pacific Petroleum, Esso Chemical Canada and Imperial Oil Limited. Mr. Skupa is one of the original shareholders of Calvalley and of its predecessor corporations. As well, he was also a director of the Company from July 1995 to May 1998.

Kenneth M. Stephenson is a graduate in Civil Engineering from the University of Saskatchewan. He is the owner of Kenaco Capital Services Inc. which holds private investments in several junior oil and gas companies, controlling interest in NARSTCO Inc., a steel railway tie manufacturer in Texas, a director and officer of MinMiner Oilsands Inc. and a director of Creative Door Services Ltd., Western Canada's largest garage and industrial door supplier. He has held private ownerships, directorships, and in some cases the position of Chief Executive Officer in the oil and gas industry in contract drilling, exploration and development, pipeline construction, manufacturing, heavy construction, gas processing and oilfield camp and catering. During his career, Mr. Stephenson has held a number of diverse commercial/industrial interests and directorships in both private and public companies.

Thomas E. Valentine is a partner with Macleod Dixon LLP, where he has practiced as both a barrister and a solicitor, with a focus on energy work, for more than 20 years. Mr. Valentine returned to Calgary in 2003 from Doha, Qatar where he held the position of Senior Counsel (Projects) with Qatar Petroleum, the national oil and gas company for the State of Qatar. Mr. Valentine is currently involved in a number of international energy projects, including projects in Qatar, Oman, Iran, Turkmenistan and the United Arab Emirates. His work experience includes liquefied natural gas, gas-to-liquids and petrochemicals, as well as conventional oil and gas transactions. Mr. Valentine holds a B.A. from the University of British Columbia, a LL.B. from Dalhousie University, and a LL.M. from the London School of Economics. He also serves on the boards of Veraz Petroleum and NXT Energy Solutions Inc.

(1) Member of the Audit Committee
(2) Member of the Compensation Committee
(3) Member of the Corporate Governance Committee
(4) Member of the Disclosure Committee
(5) Member of the Reserves Committee