Financial Highlights*

Gran Tierra Energy exited 2013
with record funds flow from
operations of $353 million

supported by a 24% increase in revenues and a 27% increase in net income. Based on this success, Gran Tierra Energy is positioned to fund its entire 2014
capital program of $467 million from cash on hand
and cash flow from operations.

2013 Revenue and
Other Income

+24%

$723.6MM

2013 Revenue and Other Income
($ Millions)

Cash and Cash Equivalents
($ Millions)

Total Assets
($ Millions)

2013 Net Income

+27%

$126.3MM

Net Income
($ Millions)

Total Liabilities
($ Millions)

Total Shareholders' Equity
($ Millions)

2013 Funds Flow From
Operations†

+27%

$352.9MM

Funds Flow From Operations†
($ Millions)

Total Expenses
($ Millions)

Total Liabilities and Shareholders' Equity
($ Millions)

*All figures as of December 31, 2013 or for the year ended December 31, 2013.
†Funds flow from operations is a non-GAAP measure which does not have any standardized meaning prescribed under generally accepted accounting
principles in the United States of America ("GAAP"). A reconciliation to net income and additional disclosure can be found in our 2013 year-end results press
release. www.grantierra.com.
These filings are available on a website maintained by the securities and exchange commission at www.sec.gov and on SEDAR at www.sedar.com
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