American Future Fuel Corporation announced that, effective as of April 21, 2023, Mr. David Suda will assume appointments as both, Chief Executive Officer, and Director. Mr. Suda brings 15 years of capital markets experience to the Company, along with strong relationships and expertise in corporate strategy, capital raising, sustainability performance and marketing. Mr. Suda is a finance professional that has previously served as Managing Director at both, Beacon Securities Limited.

He has been instrumental in raising over $10 billion for private and public companies across both roles. Throughout his career in the capital markets, Mr. Suda established strong relationships with institutional managers. Mr. Suda is a graduate, with honours, of York University where he earned a bachelor's degree in Environmental Studies.

Mr. Luke Montaine, the Company's current CEO will step down, effective the same date.