Kairiki Energy Appoints IMC's Jyn Sim Baker to Board

Kairiki Energy has announced the appointment of Jyn Sim Baker of IMC Resources Group to the Board of Kairiki. The appointment further strengthens the relationship between IMC and Kairiki beyond IMC's involvement as a significant shareholder.

Pursuant to the recent fundraising with IMC for the current Philippines Service Contract 54 drilling campaign, Kairiki and IMC have agreed to enter into an exploration and field development alliance agreement.

Baker brings corporate and commercial skills to the Board having held the role of Chief Executive Officer for IMC
Resources Group, which spans Australia, China and Indonesia, since June 2006. She is responsible for investments in mining resources, oil and gas resources and the vertical integration process for the IMC's core businesses in shipping and logistics.

Baker has over 20 years of management and legal advisory experience. Prior to joining IMC, Baker was the
Chief Executive Officer of Midwest Corporation Limited, a company listed on the Australian Stock Exchange.

Formerly a practicing corporate lawyer, Baker's expertise extends across energy industry projects, minerals
exploration and mining, and infrastructure development. Baker holds a Bachelor of Law and an ICSA (Institute of Chartered Secretary and Administration) qualification from the University of London and a Certificate in Legal Practice from the University of Malaysia. She is a member of the AICD (Australian Institute of Company Directors), Australia.