The Board of Otto Energy Limited announced the appointment of Mr. John Madden as an Independent Non-Executive Director, effective 1 July 2022. Mr. Madden has over 40 years' experience with a proven track record encompassing administrative, acquisitions, business analysis, community consultation, corporate secretarial functions, feasibility studies, financing (including equity raising for listed and unlisted entities), IPO on AIM market, planning and strategic studies, accounting and taxation. These experiences were gained through positions held at both major and junior mining companies at corporate and operating levels.

Mr. Madden is a Fellow of CPA Australia (FCPA) and a Member of the Institute of Company Directors (MAICD). Mr. Madden has been appointed as a member of the Remuneration and Nomination Committee and Audit and Risk Committee. He will be considered for election as a Non-Executive director at Otto's 2022 Annual General Meeting.