Eco (Atlantic) Oil & Gas Ltd. announced that after 12 years with the Company, Eco's Non-executive Chairman, Moshe 'Peter' Peterburg has informed the Board of his plans to retire, as such, he will not stand for re-election at the upcoming Annual General Meeting on December 29, 2022, and will
step down from the Company with immediate effect. The Company has commenced the process to find a replacement and, in the interim, Peter Nicol, currently a Non- executive Director, will assume the role of interim Non-executive Chairman. Further announcements will be made as appropriate.