Granite Ridge Resources, Inc.

Granite Ridge is a scaled energy company which aims to provide shareholders with exposure similar to energy private equity through operated partnerships and traditional non-operated assets. We own assets in six prolific unconventional basins across the United States. We aim to deliver a diversified portfolio with best-in-class full cycle returns by investing in a large number of high-graded opportunities developed by proven public and private operators. We focus on success as measured by total shareholder returns, which we seek to balance with a low leverage profile. To this end, we aim to: manage our current portfolio of assets to generate cash flow; participate in the development of new wells alongside operators with significant expertise in our core asset areas; source and evaluate new opportunities which provide healthy risk-adjusted returns; and return cash to shareholders as appropriate while maintaining a low leverage profile. Business Combination Granite Ridge is a Delaware corporation, formed on May 9, 2022 to consummate the Business Combination (as defined below).