Cloudbreak Discovery Plc - CEO and Chairman Resignation

19 June 2023

Cloudbreak Discovery Plc

("Cloudbreak" or the "Company")

CEO and Chairman Resignation

Cloudbreak Discovery PLC, ("Cloudbreak"), announces that Samuel "Kyler" Hardy has resigned as Director and Chief Executive Officer of Cloudbreak, and all its subsidiaries, with immediate effect.

The Non-Executive Board members have appointed Andrew Male, Executive Director, as Interim CEO.

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About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a leading natural resource project generator and royalty business. Cloudbreak is focused on energy royalty acquisitions with the aim of bringing near-term cashflow and driving shareholder value. Its primary operating jurisdiction is the United States, but the Company also deploys its project generation model in the international energy sector to acquire minority interests in projects of merit.

Through its wholly owned but independently operated subsidiary, Cloudbreak Exploration Inc., the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities key to the energy transition.

Cloudbreak's generative model across the energy and mineral sector enables a multi-asset approach to investing and exploration. Diversification within the natural resource sector and amongst resource classes is key to withstanding the cycles of investing.