RECO Reconnaissance Energy Africa Ltd

VANCOUVER, BC, Aug. 29, 2023 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces the appointment of Iman Hill as a new independent director to the Board of Directors, effective August 29, 2023.

Ms. Hill joins the Board with over 25 years of senior oil & gas experience with extensive expertise in the technical and commercial aspects of the industry, as well Iman has a strong commitment to HSE, Sustainability and Energy Transition. Iman is a petroleum engineer and has held senior leadership roles at BP, Shell, BG, among others, during her career. She brings vast proficiency to the Board from her experience gained in North and West Africa, the Middle East, South America and the Far East. She previously served as CEO of The International Oil & Gas Producers Association and is an independent director of United Oil & Gas (AIM listed). Previously she has served as a director of DHT Holdings Inc., Outokumpu, and EMGS.

"We are delighted to welcome Ms. Hill as our new independent director," said Craig Steinke, Chair of the Board of Directors of the Company. "As a former senior energy executive, she brings deep industry experience, and we look forward to gaining her valuable perspectives as a Board member."

Brian Reinsborough, President and CEO of the Company stated: "We are pleased to have such a qualified professional join our Board at this critical stage of development. Ms. Hill's experience in the African energy sector will be invaluable to the Board as we build out our business and grow the Company. I look forward to working with Ms. Hill as we execute our growth strategy."

ReconAfrica is a Canadian oil and gas company engaged in the opening of the newly discovered deep Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum licenses comprising ~8 million contiguous acres. In all aspects of its operations ReconAfrica is committed to minimal disturbance of habitat in line with international standards and will implement environmental and social best practices in all of its project areas.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form dated June 20, 2023, available under the Company's profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

SOURCE Reconnaissance Energy Africa Ltd.