Harvest Operations Announces Change of President and CEO

Calgary-based Harvest Operations Corp., a wholly-owned, non-guaranteed subsidiary of Korean National Oil Corporation (KNOC), announced that John Zahary has tendered his resignation as President and Chief Executive Officer (CEO), effective January 21, 2012. Mr. Zahary will continue on the Board of Harvest as a non‐executive director. Harvest’s Board has appointed Mr. Myunghuhn Yi as President and CEO. Mr. Yi is currently a director on the Harvest Board, and his prior positions include CEO of Ankor E&P Holdings Corporation as well as Executive Vice President of America Group at KNOC. Harvest focuses on both upstream (exploration, development and production of crude oil and natural gas) and downstream (refining and marketing of distillate, gasoline and fuel oil) segments.