TMK Energy Limited announced that Mr. Brendan Stats was one of three founders of the Gurvantes XXXV Project and has taken the Project from a private company in 2019 through to its listing on ASX in February 2022 when it was acquired by the Company. He was then appointed Chief Executive Officer (CEO) of the Company and since that time has successfully guided the Company through an active, cost-effective and successful exploration and appraisal program. Brendan has stepped down from the CEO position to fully focus on the 2024 drilling program, project delivery, field development plans and resource growth opportunities, utilising his intimate knowledge of the Project and outstanding sub-surface and operational expertise.

These skills will be fundamental for the delivery of the next stage of the Project and the substantial task of future development planning and resource growth into 2025 and beyond. Mr. Dougal Ferguson, who is currently the Chief Commercial Officer of the Company, will step into the interim CEO role. Dougal has been involved in the Project since late 2020, and with the Company since February 2022 when TMK acquired the Project.

He was integral in introducing Talon Energy Limited as a farm-in partner and later, following the acquisition of Talon Energy by Strike Energy, the consolidation of full ownership of the Project back into TMK in late 2023. Dougal has taken a strong leadership role within the Company and implemented the systems and processes expected of an ASX-listed company that is an operator of a major project in a foreign jurisdiction. Mr. Ferguson's leadership skills coupled with his commercial, business development and previous experience in Managing Director roles with Elixir Energy Limited and subsequently, XCD Energy Limited, ideally place him to undertake the role as interim CEO at this important stage in the company's development.