Grand Gulf Energy Ltd. announced that Dane Lance will join the Board of the Company as Managing Director, with Keith Martens moving to the role
of Technical Director. Mr. Lance will commence in his role as Managing Director on 23 February 2022. Mr. Lance is a senior oil and gas professional and
Reservoir Engineer with over 16 years' industry experience across the asset lifecycle, with a focus on
resource maturation and monetisation. Mr. Lance has been involved in exploration, appraisal,
development, and M&A on four continents, providing economic and technical evaluations for investment
decisions, commercial negotiations, gas sales agreement terms, and corporate and asset acquisition &
divestment.