Esrey Energy Ltd. held Annual General Meeting on October 5, 2017. At the meeting the company approved management and executive changes. With respect to the election of directors, prior to the Meeting, Mr. Nitesh Shah, one of management's nominees for director advised that he was not standing for re-election to the board.

In his place, Mr. Pablo Marcet was nominated at the Meeting and was elected as a director along with the remaining three management nominees, Paul Larkin, David Cohen and Ray Power, to hold office until the next annual general meeting of the company. Mr. Marcet is a seasoned mining professional with 30 years of experience in the exploration, development, and operation of mines across Latin America and in East Africa. He has held senior management positions in geology, mining operations, and business development, including 15 years at BHP Billiton.

He is currently a director of Barrick Gold Corporation. The company announce that the board of directors has appointed Kirk Adams as the company's President and Chief Executive Officer and Horng Dih Lee as the company's Chief Financial Officer and Corporate Secretary. Mr. Adams replaces David Nelson as the outgoing President, CEO and interim CFO of the Company who will assume a new role as a consultant to the Company focussing on the realization of value of the company's existing oil and gas projects.

Mr. Adams is a mining engineer with 35 years of experience including senior management positions with Goldfields of South Africa, De Beers, RTZ, and Mount Isa Mines Ltd. He has extensive experience in the Balkans, having been the Director of Privatisation for Kosovo for five years during which time he successfully transitioned EUR 600 million of socially owned enterprises into the private sector. Mr. Lee is a chartered accountant with 30 years of financial experience with public companies that have traded on the TSX, TSX Venture, AIM and AMEX exchanges. He has held senior positions with Eastern Platinum Ltd., Northern Orion Resources Inc., Ivanhoe Mines Ltd. and Diamond Fields Resources Inc.