• Dick Stoneburner appointed as interim CEO and will serve as Chair
• Joel Riddle steps down as CEO and Managing Director
• Scott Sheffield and Phillip Pace appointed as Non-Executive Directors

Tamboran Resources Corporation has announced several key changes to its board and management team. Dick Stoneburner, the current Chairman of the Board of Directors, has been appointed as the interim Chief Executive Officer and will serve as both Chair and interim CEO until a new permanent CEO is named. The company has commenced a search for a new permanent CEO and has engaged a leading executive search firm. In conjunction with these changes, Joel Riddle has stepped down as Chief Executive Officer and Managing Director. Chief Operating Officer Faron Thibodeaux and Chief Financial Officer Eric Dyer will work closely with Mr. Stoneburner to oversee the company's operational activities, including the completion of the ongoing three-well drilling program and stimulation of a 10,000-foot lateral during the second half of 2025. Additionally, the company has appointed Mr. Scott Sheffield and Mr. Phillip Pace as Non-Executive Directors of Tamboran. As a result, Mr. John Bell Sr. has stepped down from Tamboran's Board of Directors. With these changes, the Tamboran Board will continue to have nine Directors. The company has also entered into an agreement with Sheffield Holdings, LP, Bryan Sheffield and certain affiliated entities, which collectively own approximately 17.6% of the company's outstanding Common Stock.