Provaris Energy Ltd. advised that effective as of19 January 2024 the Company's Executive Director, Garry Triglavcanin, has retired from the Board as a Director and been appointed to a new executive leadership role as the Company's Product Development Director. Garry is a founding shareholder, executive and director of the Company and has served as the Chief Development Officer in recent years. Garry has been integral to the development of the Company's integrated compressed hydrogen supply chain and the associated commercial modelling, selection of technologies and project development work in Australia and more recently in Norway.

Garry authored the Company's 2023 Hydrogen Transport Comparison Report which has been a major contributor to the increasing focus in Europe on the technical, operational, and economic benefits of Provaris' H2Neo carriers and compressed hydrogen supply chain. This is evidenced by the recent MOUs entered with major German utilities who are systematically evaluating compression as a portfolio alternative for the supply and import of hydrogen.