Vulcan Energy Resources Limited announced that Mr. Cris Moreno, Deputy CEO since 2022, and with 20 years of global experience delivering major capital projects in the energy and chemicals sector, including recent success in leading "green" scale up companies into commercial production, has been appointed to CEO. Since 1 November 2022, Mr. Moreno has been instrumental in successfully transitioning Vulcan from a development company to an integrated project development, execution and production company. Mr. Moreno has leveraged his expertise from the energy and chemicals industry with over 20 years of global experience in successfully delivering major, unique and challenging capital projects, including in the lithium chemicals, cathode and LNG sectors.

In the LNG sector, Mr. Moreno held leadership roles with Santos, Woodside, and Shell, including working on the Browse, Gorgon and Prelude LNG projects, with experience mainly in the execution phase, financially responsible for budgets over USD 1 billion and leading teams of up to 1,000 personnel. Prior to joining Vulcan last year, Mr. Moreno worked 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. Mr. Moreno's experience in driving downstream lithium chemicals projects and the synergies of Vulcan's project to integrated upstream and downstream oil and gas projects makes him ideally suited to drive Vulcan forward during the Company's next phase toward commercial production of carbon neutral lithium and renewable energy.