Prominence Energy Ltd. announced that Ian McCubbing will be stepping back onto the PRM Board as non-executive Chairman from 9 December 2022. Ian McCubbing is a Chartered Accountant with more than 30 years' corporate experience, including five years investment banking, principally in the areas of corporate finance and mergers and acquisitions. Mr. McCubbing has spent more than 15 years' working with ASX 200 and other listed companies in senior finance roles, including positions as Finance Director and Chief Financial Officer in mining and industrial companies.

Mr. McCubbing holds a Bachelor of Commerce (Honours) from UWA and an Executive MBA from the AGSM. Mr. McCubbing is a Chartered Accountant and a Graduate of the Australian Institute of Company Directors and is non-executive Chairman of Rimfire Pacific Mining Limited. Jaap Poll has decided to step down from the PRM Board as an independent non-executive Director and Chairman effective 9 December 2022.

The Company is pleased to confirm that Jaap Poll will continue to provide technical consulting services to PRM for a three-month period.