Africa Energy's Chairman of the Board, William Lundin, will step down from the board at the Annual General Meeting ("AGM") on June 22, 2023, in order to comply with industry corporate governance guidelines regarding the maximum number of non-executive director appointments per individual. Garrett Soden will replace William as Interim Chairman and remain President and CEO. Jan Maier, the Company's VP Exploration, will retire on June 30, 2023.