Savannah Resources plc announced that, following an extensive selection process, Mr. Emanuel Proença has been appointed as the Company's new Chief Executive Officer ('CEO'). Emanuel is Savannah's first Portuguese CEO and will be based in Lisbon and will commence his role on 18 September 2023. Dale Ferguson, Savannah's current Interim CEO, will return to his previous role as Savannah's Technical Director to lead the ongoing technical development of the Barroso Lithium Project (the Project).

He will also retain his seat on the Company's Board. Emanuel Dâmaso Rodrigues Brinquete Proença: Emanuel Proença is an experienced business executive and an expert in energy transition in mobility. He has a strong track record of managing transformation and generating growth within sectors including, green fuels production and market development, electrification of mobility, liquid fuels hedging, trading, logistics and retail of liquid fuels, and digitalisation.

He holds an MBA from INSEAD (Singapore, USA/Wharton and France) and a Master's degree in industrial engineering and management from Instituto Superior Técnico (Portugal). As a leader within the PRIO Group, Emanuel's role encompassed key responsibilities starting from transforming PRIO Parque de Tanques (a small loss-making logistics business) into PRIO Supply, a complete fuel trading and blending arm that is now the group's largest company. He went on to oversee PRIO Bio, revamp PRIO Gas, and build pivotal transformation functions within PRIO Energy.

Under his strategic guidance and management, PRIO more than tripled revenues and profitability in 7 years, surpassing ?1.5 billion in revenues in 2022, making it one of Portugal's 20 largest corporations. The company cemented its prominence as Portugal's leader in green energy for mobility through being number one in green fuels and biodiesel and number two in the sale of electricity for mobility. Prior to his role at PRIO, Emanuel was CEO at Grupo Piedade, the third-largest cork stopper producer globally, in which he co-orchestrated a successful financial and operational turnaround for the company before supporting its sale to the French industrial conglomerate, Oeneo.

He also spent time with Armilar Venture Partners, a prominent Iberian deep tech venture capital fund manager. Emanuel started his career at The Boston Consulting Group, working for 7 years in the Portugal and Brazil offices, on assignments in a variety of industries and in geographies including Spain, France, the UK and India. Emanuel co-founded and is the President at the Associação de Bioenergia Avançada, a non-profit association with the fundamental concern of promoting bioenergy as a key sector to accelerate the energy transition and a more circular economy.

He sees green fuels and green gases as critical partners of the electromobility and critical materials value chains in the gigantic task of fully decarbonising mobility and the economy over the coming decades.