Petromin Names Gorrell CEO, CFO

Petromin Resources has appointed a new Chief Executive Officer and acting Chief Financial Officer, as well as new Audit Committee members.

The Board of Directors has appointed Ross Gorrell, who has served as President of the Company since 1990, as CEO and acting CFO of the Company. Gorrell will continue in his roles as non-executive Co-Chairman and as a Director of the Company.

Gorrell is replacing Kenny Chan, who has resigned from the positions of CEO and acting CFO for personal reasons. The Company thanked Chan for his service to the company. Chan will continue to serve the Company as non-executive Co-Chairman and as a Director.

The Company is also pleased to announce that its Board of Directors has appointed Jimmy Lau, Kenny Chan, and Ross Gorrell to the Company's Audit Committee. Messrs. Chan and Lau will serve as the Committee's independent members, while Gorrell will serve as a non-independent member.