Vulcan Energy Resources Limited has strengthened its leadership team as the Company continues to execute on its plans to deliver the Zero Carbon Lithium Project. Vulcan has appointed Cris Moreno as Deputy Chief Executive Officer (Deputy CEO), effective from 1 November 2022, based in Europe. Mr. Moreno is an energy and chemicals industry executive with over 20 years' experience in successfully delivering major capital projects, including in the lithium chemicals, cathode and LNG sectors.

His technical background is chemical and process engineering. In the LNG sector, Mr. Moreno was successful in leadership roles at Santos, Woodside and Shell, including working on the Browse, Gorgon and Prelude LNG projects, with experience mainly in the execution phase and financially responsible for budgets well over USD 1 billion, leading teams of up to 1,000 personnel. Latterly, Mr. Moreno has been working in the lithium chemicals and battery cathode sector in Europe, as Senior Director Programs for Northvolt - Cathode Active Material (CAM) Business Unit, and Vice President - Engineering and Development for Aurora Lithium, Northvolt's lithium hydroxide refinery Joint Venture with Galp in Europe.

He has also held senior roles in the Engineering, Procurement and Construction (EPC) sector, as Director - Projects and Operations at Technip Energies. With unique experience in the development and execution of both LNG projects, which share many similarities in infrastructure development principles with Vulcan's geothermal renewable energy developments, and lithium hydroxide and cathode plant projects in Europe, Mr. Moreno is well positioned to complement Vulcan's leadership team as it advances its combined renewable energy and Zero Carbon Lithium Project towards commercial production.