Black Mountain Energy Ltd. announces the appointment of Michael Laurent in the role of Chief Operating Officer. Mr. Laurent will replace the company's current Chief Operating Officer Mrs. Samantha Richardson. The Board acknowledges and thanks Mrs. Richardson for her significant contribution where she has spent the past 3 years stewarding BME's progress to date.

Her depth of knowledge is greatly valued and will be retained by her position as Non-Executive Director, effective as 1 October 2022. Mr. Laurent's appointment has been a strategic decision as the company embarks on its next phase of growth. He joins at an exciting time as Black Mountain Energy focuses on its operational strategy of unlocking the Canning Basin and expanding its portfolio in the region.

He will take a lead role in framing, evaluating, implementing, and delivering on BME's strategy related to advancing it's Valhalla project and pursing new business opportunities. He will assume his role no later than the 28 November 2022 in line with his current employment conditions. Mr. Laurent is a professional engineer and senior executive with over 25 years of international oil & gas experience.

He brings substantial expertise in reservoir, drilling, facilities, production optimization and operations with particular emphasis on resource and business development. He comes from his current role as Chief Operating Officer at Armour Energy, where he provided leadership and direction across all exploration and development efforts and assumed responsibility for site operations and Environmental Health and Safety. Mr. Laurent has a unique and extensive understanding of the petroleum industry having started his career with service companies and then progressing to energy producers - Encana Corporation, Murphy Oil, Santos and Armour Energy.

Mr. Laurent's experience is underpinned with strong strategic, commercial, and technical acumen in both conventional and unconventional reservoirs. He is known for his people centric leadership approach and building high performing teams.