Kraken Energy Corp. announced that effective September 6, 2022, the Company will introduce Mr. Matthew C. Schwab, P.Geo., as CEO. Mr. Schwab is an accomplished geologist with extensive exploration and executive experience.

His notable accolades include: Previously, Co-Founder and Senior Vice President of Axiom Exploration Group Ltd., an international consulting firm focused on the provision of geological, geophysical, and environmental services to the natural resources and mineral exploration sectors. Former Senior Exploration Geologist at NexGen Energy Ltd. who was instrumental in the targeting and discovery of the Arrow uranium deposit in February of 2014. Member of the development team with Hathor Exploration Ltd., which contributed to the sale of the Roughrider deposit to Rio Tinto in November of 2011 for $654 Million.

Former President, Senior Advisor, and Founder of multiple successful private consulting firms in the mineral exploration and E&P sectors of the Canadian mining and petroleum industries. Due to health concerns, Mr. David Forest will be stepping down from CEO and Director on September 5, 2022 and Mr. Matthew Schwab will be taking over as CEO.