Petro Matad Limited announced the appointment of Tim Bushell as a Non-Executive Director of the company, effective March 10, 2017. Mr. Bushell has worked in the oil and gas industry for 35 years and brings a wealth of experience to the Petro Matad Board. His background in frontier exploration perfectly fits the Company's requirements at this stage of its life cycle. In addition to working on the front-line of exploration for various companies, Mr. Bushell until recently was CEO for Falkland Oil and Gas Limited where he was instrumental in the discovery of major oil fields. He currently is a Non-Executive Director of Point Resources AS, and a Board Member and Executive Advisor for Rockhopper Exploration PLC. In addition, Mr. Bushell provides advice to Hitec Vision. Effective March 10, 2017, Dr. Phil Vingoe will retire from the Petro Matad Board. Dr. Vingoe has served the Board with enormous energy, dedication and expertise for the past five years and for personal reasons has elected to retire.