#MDH Mendell Helium – DIRECTORATE CHANGE

Mendell Helium announces that Jill Overland, a non-executive director of the Company, will be stepping down from the Board at the Company’s forthcoming annual general meeting on 6 November 2024 (“AGM”).

Mrs Overland works as a finance director of another company.  In recent months, that role has become more time consuming to the extent that she feels she cannot commit sufficient time to Mendell Helium.  As a consequence, she has notified the Board of her resignation and her intention to leave on that date. 

Mendell Helium intends to assess the composition of its board, including making new appointments, at the time of its proposed acquisition of M3 Helium Corp.

Resolution 3 in the notice of AGM, which was to approve Mrs Overland’s re-election to the board, will be withdrawn at the AGM.

Eric Boyle, Chairman of Mendell Helium, said: “Jill has been a member of our board for over three years, including throughout our time as an AQSE quoted company.  Her knowledge and enthusiasm for our operations has been invaluable as our business has developed.  On behalf of the Board and all of the Mendell Helium team, I thank her for all that she has done for us and we wish her well in the future.”

As announced on 27 June 2024, the Company has an option to acquire M3 Helium Corp., a producer of helium based in Kansas and with an interest in six wells.  There is no certainty that the Company’s option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete its re-admission to trading on the AQSE Growth Market. 

The Directors of the Company are responsible for the release of this announcement.

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