Pengrowth Announces Appointment of Chief Operating Officer

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CALGARY, Alberta, Jan. 25, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) announces a realignment of its executive team with the appointment of Randy Steele as Chief Operating Officer. Mr. Steele, who originally joined Pengrowth in 1998, and who currently holds the position of Senior Vice President, Conventional Operations, will assume operational responsibility for all of the Corporation’s operations.

Mr. Steve De Maio, Senior Vice President Thermal Operations will be leaving the Corporation mid-March 2018 to pursue other endeavours.

Pengrowth has taken these steps, today, in order to align our leadership structure with our streamlined asset base and to meet future anticipated needs for the successful execution of our growth plans.

Derek Evans, President and Chief Executive Officer of the Corporation, commented, “In his almost 20 years with the Company, Randy has proven himself to be a dedicated resourceful leader with an ability to maximize value across all elements of the business while at the same time, leading the organization’s health, safety, environment and technical services teams to deliver exceptional results. Steve De Maio has been a key member of our executive team since joining us in 2010 to oversee the development of our Lindbergh project. Steve has done a tremendous job of bringing Lindbergh from an idea to over 15,000 bbl/d of production over the past seven years. Lindbergh has become a great foundational project that we plan on expanding to reach its ultimate production potential of up to 50,000 bbl/d. We would like to thank Steve for all of his contributions and wish him all the best.”

About Pengrowth:

Pengrowth Energy Corporation is a Canadian intermediate energy company focused on the sustainable development and production of oil and natural gas in Western Canada from its Lindbergh thermal oil property and its Groundbirch Montney gas property. The Company is headquartered in Calgary, Alberta, Canada and has been operating in the Western basin for over 28 years. The Company’s shares trade on both the Toronto Stock Exchange under the symbol “PGF” and on the New York Stock Exchange under the symbol “PGH”.