Mayan Energy Limited announced the appointment of Mr. Heriberto (Eddie) Gonzalez Jr. as CEO of the company to lead the company and monetise the inherent value in Mayan's existing portfolio. Mr. Gonzalez has been President of Shoats Creek Development Inc, the operator at Shoats Creek, since March 2016. He is replacing Randy Connally who will be stepping down from the Board along with Kevin Green who will also leave the board but will remain as a consultant to the company: Randy's resignation is with immediate effect, and Kevin's resignation is expected to become effective as of the date of Admission of the Placing Shares, being 6 September 2016.

The company announced the appointment of James Doyle (J.D.) McGraw, who has been significantly involved in US public markets, as a Non-Executive Director. The company announced recent appointment of Stephen Brock, who has over 20 years' operational experience, as vice president operations to lead development of Shoats Creek.