Cauldron Energy LimitedASX: CXU

Cauldron Energy Limited - APPOINTMENT OF MICHAEL WELLS AS A NON-EXECUTIVE DIRECTOR

· Issued by Cauldron Energy Limited

Cauldron Energy Limited (Cauldron or the Company) (ASX: CXU) is pleased to announce the appointment of Mr MichaeI Wells as a Non-Executive director with immediate effect following shareholder approval for Mr Wells' appointment at the Company's 2024 Annual General Meeting.

Mr Wells was nominated as a non-executive Director by Parle Investments Pty Limited, Cauldron's largest shareholder, and the resolution received strong support with 99.60% of votes cast in support. Mr Wells has had a long and successful business career and worked closely with Mr Anthony Parle, of Parle Investments Pty Ltd, for approximately twenty years until 2021 and was centrally involved in the growth of businesses owned by Mr Parle which included numerous capital investment projects

Ian Mulholland, Cauldron's Non-Executive Chairman stated: 'We are pleased to welcome Michael Wells to the Board of Cauldron Energy Limited as nominated by Parle Investments Pty Limited, Cauldron's largest shareholder, and strongly supported at the Company's Annual General Meeting. We look forward to Mr Wells' contribution and working with him.'

Contact:

Jonathan Fisher

Chief Executive Officer

Cauldron Energy Limited

Tel: +61 407 981 867

Email: jonathan.fisher@cauldronenergy.com.au

Michael Fry

Director and Company Secretary

Cauldron Energy Limited

Tel: +61 417 996 454

Email: michael.fry@cauldronenergy.com.au

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