16 February 2023

Cloudbreak Discovery Plc

("Cloudbreak" or the "Company")

Appoints Michael Sullivan as Vice President Exploration & Development

Cloudbreak Discovery PLC (LSE: CDL), a leading natural resources project generator & royalty company, is pleased to announce the appointment of Michael Sullivan as Vice President Exploration & Development.

Mr. Sullivan has over a decade and a half of technical subsurface experience.  His petroleum career began as a Geoscientist performing formation evaluation programs for Baker Hughes, Inc.   Following this he served as lead Production Geologist developing onshore, unconventional Eagle Ford assets for BHP Billiton Petroleum. Later he continued with BHP to lead development and production operations within the West Texas, Permian Basin. Mr. Sullivan then served as Exploration Geologist/Geophysicist maturing ultra-deepwater prospects offshore Trinidad and Tobago for BHP's deepwater Caribbean campaign. Mr. Sullivan is currently based in Houston, Texas.

Kyler Hardy, President and CEO of Cloudbreak, commented, "I am excited to officially welcome Michael to the team.  Over the last eight months he has been working as a consultant to the Company assisting in the development of our oil & gas royalty strategy. We have been able to benefit from his experience and knowledge across our key operating jurisdictions which has proven invaluable.  As part of the Executive team his experience and knowledge will be crucial as we continue to acquire additional royalties and generate new oil and gas opportunities to grow Cloudbreak's cashflow"

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. 

-ENDS-

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About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC, is a leading natural resource project generator & royalty company, working across a wide array of energy & mineral assets that are being developed and managed by an experienced team with a proven track record. Value accretion within the projects being developed by Cloudbreak's generative model enables a multi-asset approach which is key to investing in exploration & royalties.