Ascent Resources Plc announced, further to the announcement on 1 December 2022, the appointment of Marco Fumagalli, to the Board as a Non-Executive Director with immediate effect. Marco is a Founding Partner at Continental Investment Partners SA, a Swiss-based investment fund and a well-known Italian businessman and industrial investor who was previously a group partner at 3i. He is a qualified accountant and holds a degree in business administration from Bocconi University in Milan and has many years' experience as an AIM company director.

On appointment, Marco will become Chairman of the Audit Committee.