Permex Petroleum Corporation announced the appointment of Mr. Bradley Taillon by the Board of Directors as the new President of the Company. Mr. Taillon has a wealth of experience working in operations and finance for both public and private junior Oil & Gas companies, particularly those focused on US and Permian Basin growth and development. Mr. Taillon's appointment follows the resignation of Mr. Mehran Ehsan who shall continue to serve as a member of the Board of Directors and Vice President of Business Development.

As CEO of Permex Petroleum since the Company's inception, Mr. Ehsan played a prominent role in the Company's formation and expansion. Mr. Taillon's experience in junior Oil & Gas operations not only consists of working as a senior manager at the corporate level, but also in the field as a Registered Professional Landman with the AAPL. Brad recently led the M&A initiative for Ruckus Energy, a private Permian Basin focused junior Oil & Gas company, where he played an instrumental role growing their assets from zero to greater than $130m in 1P reserves.

Prior to Ruckus Energy, Brad oversaw the M&A initiative at Lilis Energy Inc., a US publicly listed junior Oil & Gas company also focused on the Permian Basin, and contributed to Lilis's success by more than doubling its acreage position in the highly competitive Delaware Basin while the company's market capitalization grew from approximately $3 million to $550 million in a period of less than 2 years. Prior to Brad's appointment at Permex Petroleum as President and CEO, he recently served as the Company's Vice President of Finance. Brad holds a Bachelor of Business Administration in International Economics and an MBA in International Finance from Fort Hays State University.