ADM Energy plc announced that Stefan Olivier and Claudio Coltellini have been appointed to the Board of Directors with Stefan Olivier joining as Chief Executive Officer and Claudio Coltellini as Non-executive Director. Manuel Lamboley, Non-executive Director, has resigned from the Board with immediate effect to pursue other opportunities. The appointments of Mr. Olivier and Mr. Coltellini come further to the Company's announcement of 17 October 2022 pursuant to which OFX Holdings, LLC has been granted the right to appoint two directors as part of its £500,000 equity subscription and USD 250,000 loan facility, which has now been fully drawn down.

Claudio Coltellini is an Italian citizen now residing with his family in the state of Florida. Prior to working in the U.S. onshore oil and gas sector, having graduated with a degree in economics and business, he joined Deutsche Bank where he worked for seven years. He has invested in the U.S. oil and gas sector for approximately 15 years and is CEO of four private U.S. oil and gas companies focused on investment in the states of Texas, California, Kansas and Louisiana.

Claudio Coltellini (age 51) pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies. All information is as at the date of this announcement. Current Directorships /Partnerships: ADM Energy USA, Inc, Atlantic Bridge Energy, Inc, Euramerica Gas & Oil Corp, Golem Consulting and Service, LLC, OFX Holdings, LLC, Partners & Friends Holding Corp, Partners & Friends Holding Corp, Tex Oil LLC and US Oil Consulting, LLC.

Past Directorships /Partnerships (within the last five years): Euramerica Acquisition Fund, LLC, Euramerica Gas & Oil Corp, Euramerica Management, LLC, Euramerica Petroleum Corp, Stradivari Oil, LLC and Tego Oil LLC. Coltellini is a director and shareholder of OFX Holdings, LLC, formerly Tennessee Black Gold, LLC, which holds 41,666,667 ordinary shares in the Company representing approximately 14.0 per cent. of the Company's issued share capital.

Stefan Olivier is a British citizen with extensive corporate broking and oil and gas experience including as co-founder of MX Oil plc (now ADM Energy plc). Stefan played a central role in initially securing and financing the participation of the Company in the Aje Field, OML 113 and in securing the support of OFX prior to its initial investment in the Company. He was a founder and Chief Executive Officer at North American Petroleum plc from 2012 until 2017.

He has been on the Board of several other public and private companies and brings years of experience of working in natural resources to the Board of the Company. Stefan Olivier is a British citizen with extensive corporate broking and oil and gas experience including as co-founder of MX Oil plc (now ADM Energy plc). Stefan played a central role in initially securing and financing the participation of the Company in the Aje Field, OML 113 and in securing the support of OFX prior to its initial investment in the Company.

He was a founder and Chief Executive Officer at North American Petroleum plc from 2012 until 2017. He has been on the Board of several other public and private companies and brings years of experience of working in natural resources to the Board of the Company. Stefan Olivier (age 44) pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

Current Directorships /Partnerships: Atlantic Bridge Energy Limited and Metahouse NFT Limited. Past Directorships /Partnerships (within the last five years): ADM Energy plc, Naturi Vita Ltd, Renaissance Senior Living Holdings Ltd, Renaissance Senior Living plc and Sko Holdings London Ltd. Mr. Olivier currently holds no shares in the Company.