On January 31, 2023, the Board of Directors of PHX Minerals Inc. (the Company) designated Chad D. True, the Company's current Vice President of Accounting and Assistant Corporate Secretary, as the Company's “principal accounting officer,” as such term is used in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended (the Exchange Act). Mr. True, age 37, has served as the Company's Vice President of Accounting and Assistant Corporate Secretary since January 2022 and as Director of Accounting and Assistant Corporate Secretary from May 2020 through December 2021. Prior to joining the Company, he held various audit and accounting positions at Grant Thornton LP, Tiptop Oil & Gas and Wexford Capital LP and has more than 14 years of accounting experience.

Mr. True graduated from Oklahoma State University with a Bachelor of Science in Accounting and a Masters of Accountancy, and he is also a certified public accountant.