17 April 2026

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Appointment of Board Director

Pennpetro Energy plc (PPP), the company focused on developing strategic energy projects, announces the appointment of Grand Chief Ronald M. Derrickson as Non-Executive Co-Chairman to support the current Executive Chairman, Richard Spinks, in the Company's future development. Spinks will continue in his role as Executive Co-Chairman.

This follows the announcement of 25 September 2025, where the Company confirmed RMD Group's right under the terms of the first CLN, to appoint two directors to the Pennpetro board, and the appointment of Richard Spinks, the first of these appointments, is now augmented by Grand Chief Derrickson, the second RMD Group appointment.

About Grand Chief Ronald M. Derrickson

Grand Chief Derrickson is the Owner and President of RMD Group, and a leading, highly successful Indigenous entrepreneur known across Canada and the United States for his leadership in Indigenous economic development and protection of Indigenous Rights.

After being elected Chief of Westbank First Nation in 1976. He served as Chief of the Westbank First Nation from 1976 to 1986 and from 1996 to 1998, taking his community from an indebted People with limited prospects to one of Canada's most successful Indigenous Bands, with an annual GDP of over c.$1billion today, and one of the fastest growing communities in British Columbia and Canada.

Ron was honored by his peers and elected unanimously by the Union of BC Indian Chiefs in 2012 as Grand Chief for Life, in recognition of his service to his People.

He has been a lifelong defender of the rights of Indigenous People and was responsible for succeeding in gaining forestry rights, Canada-wide for Indigenous Peoples where prior, there were none. His relationships are incredibly valuable when resources and Indigenous involvement are present too, through his involvement Pennpetro is evaluating unique opportunities and exploring new economic models for resource development in Canada.

Ron is also an award-winning author, working on his seventh book to date, and a philanthropist providing among other valuable programs, scholarships, providing education to Indigenous students who otherwise would not enjoy the opportunities that some take for granted, reversing his own personal experiences as a young Indigenous man growing up.

Mr. Derrickson's interest in the Company arises through his holdings in RMD Group, which has provided convertible loan note financing to the Company as announced on 25 September 2025, pursuant to which RMD Group holds the right to convert into 12,500,000 ordinary shares in the Company, subject to, inter alia, shareholder approval of resolutions to authorise the issue of such shares.

There is no additional information required to be disclosed pursuant to UK Listing Rule 6.4.8 in relation to the appointment.

Richard Spinks, Executive Chairman said: "It is a real privilege to welcome Grand Chief Ronald Derrickson onto our Board, with his guidance and experience we have added great depth and capability to the Company's governance and opportunities unique to PPP amongst listed resource companies. I would like to thank him for his vision and commitment to the Company thus far, having provided the two Convertible Loan Notes, to date, giving the Company the funding to unwind legacy issues and to move the business forwards. We have worked extremely hard to get the Company into a position where the legacy issues are moving behind us and we can focus our attention on the future of the Company, meaning that now is an opportune time to announce his joining our team."

Grand Chief Ronald M. Derrickson said of his appointment: "I would like to thank Richard and his team for their tireless efforts and support in the recent months. The Company has undergone a remarkable transformation to prepare it to return to trading and with RMD Group's financial support we are now able to charter a new future for Pennpetro.

"We are excited about the opportunities ahead of us to deliver value for shareholders and grow our disruptive business globally, bringing real value to shareholders, existing and new, into the future."

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