Board Changes & Update on Working Capital Position

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, provides the following updates in respect of the Company.

Directorate Changes

The Company announces that, effective immediately, Stefan Olivier has resigned from his role as Executive Director and Chief Executive Officer of the Company.

The Company has agreed that it intends to appoint Randall Connally to the Board of the Company as Executive Director and Chief Executive Officer, subject to the completion of the required due diligence and regulatory checks. A further announcement will be made in due course.

Further to Stefan Olivier's resignation, Claudio Coltellini, a former director of the Company, has been appointed as a Non-executive Director of the Company. Claudio Coltellini joined the Board in April 2023 and resigned from his role as a Director in December 2024 to focus on other projects. Claudio Coltellini has be reappointed as a Director of the Company to assist with the Company's focus on its two U.S investee companies; JKT Reclamation, LLC ("JKT"), and Vega Oil and Gas, LLC ("Vega"), and support the Company in light of the changes to the Board.

As announced on 25 April 2023, Claudio Coltellini is an Italian citizen and now resides with his family in the state of Florida, U.S. Prior to working in the U.S. onshore oil and gas sector, he joined Deutsche Bank where he worked for seven years. He has invested in the U.S. oil and gas sector for approximately 17 years and has held roles as CEO of several private U.S. oil and gas companies focused on investment in the states of Texas, California, Kansas and Louisiana.

The information pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Claudio Coltellini (age 52) is set out in the Appendix at the bottom of this announcement.

Immediate Financing and Working Capital Position Update

As disclosed in the Company's half-yearly results for the six months ended 30 June 2024, announced on 31 December 2024, whilst the Board remains confident of the performance of its portfolio of investments, the Company is currently operating from a severely constrained working capital position, and currently has approximately £20,000 of cash available.

The Company has been notified by its major shareholder, OFX Holdings, LLC (formerly Tennessee Black Gold, LLC) that it will provide a capital commitment of up to £120,000 ("Proposed Financing") which will be provided to the Company in three equal tranches of £40,000 over the subsequent 90 days from the date of this announcement, in order to support the Company with its immediate obligations and short term working capital needs. The Proposed Financing will be structured as a 12 month loan with an interest rate of 9.0% per annum, unless an alternative structure is mutually agreed by the parties, which may include participation in a further capital fundraise.

With the Proposed Financing, and with the ongoing support of creditors, the Board believes that the Company will have sufficient working capital through to 30 June 2025.

The Directors will continue to carefully monitor the working capital position of the Company and will continue to explore financing options.

Related Party Transaction

The provision of the Proposed Financing by OFX Holdings, LLC, being a substantial shareholder in the Company (a shareholder with over 10% of the issued share capital of the Company) and a company owned and controlled by Claudio Coltellini, a Director of the Company as of the date of this announcement, constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules. With the exception of Claudio Coltellini, a director of OXFH and as such is not independent of the Proposed Financing, the Directors of the Company, Dr Stefan Liebing and Lord Henry Bellingham consider, having consulted with its nominated adviser, Cairn Financial Advisers LLP, that the terms of the Proposed Financing are fair and reasonable insofar as its shareholders are concerned.

Appendix

Information on Claudio Coltellini pursuant Schedule Two, paragraph (g) of the AIM Rules for Companies

Tex Oil LLC

US Oil Consulting, LLC

Wyoming jurisdiction (2) Texas jurisdiction

Coltellini is a director and shareholder of OFX Holdings, LLC, formerly Tennessee Black Gold, LLC, which holds 123,744,367 ordinary shares in the Company representing approximately 19.71 per cent. of the Company's current issued share capital. Coltellini also holds 2,000,000 shares in the Company personally, for an aggregate amount of 20.03 per cent.