The Board of Magnum Gas & Power Limited announced that Mr. Thomas Fontaine has been appointed as the company's non-executive Chairman effective immediately, following the retirement of Mr. Edward Ellyard as Chairman. Mr. Ellyard has been the Non Executive Chairman since November 2011, and assisted the company's merger with unlisted company Energy Botswana Limited in 2012. Mr. Ellyard has advised to pursue other interests.

The Board has accepted his resignation. Mr. Thomas Fontaine is a professional engineer who has considerable experience in the Oil and Gas Industry including Coal Seam.