Barnwell Industries Elects McPherson and Hopkins to Board, Enhancing Governance and Finance Expertise.

Barnwell Industries has elected Phil McPherson and Craig Hopkins to its Board of Directors. McPherson is Vice President of Capital Markets at Riot Platforms, while Hopkins has served as CEO of Barnwell since April 2024. Hopkins has nearly 30 years of experience in the energy industry, and McPherson has over two decades of public-markets experience at the intersection of energy and next-generation technology infrastructure. The appointments strengthen Barnwell's governance and finance leadership as the company continues to execute its strategy.

Barnwell Industries, Inc. (NYSE American: BRN), a prominent energy company, has elected Philip J. McPherson and Craig D. Hopkins to its Board of Directors, effective immediately. The appointments aim to bolster the company's governance and financial leadership as it continues to implement strategies for enhanced profitability.

Craig Hopkins, who has served as CEO of Barnwell since April 1, 2024, emphasized the significance of the appointments. "My experience as President and CEO, combined with Phil's capital markets expertise and prior board service, will be crucial in making the necessary changes to improve our profitability," he stated Barnwell Adds Capital Markets and Operating Expertise^[1].

McPherson, currently the Vice President of Capital Markets at Riot Platforms, brings over two decades of public-markets experience, primarily focused on the energy sector. Prior to joining Riot in 2021, he served as Chief Financial Officer of Citadel Exploration Inc. From April 2020 until April 2023, McPherson also served on Barnwell's Board of Directors as a designee of a large shareholder and as Chairman of the Audit and Reserves Committees.

Hopkins, with nearly 30 years of experience in the energy industry, has a strong technical background and a proven track record of executing transactions that create long-term value. He has held senior roles at various companies, including Talisman Energy, Aspect Energy, Atlas Energy, and Crestar Energy. Before joining Barnwell, he began his career as a field production engineer with Canadian Occidental Petroleum.

The appointments of McPherson and Hopkins come at a critical time for Barnwell as the company continues to navigate the complex energy landscape. Both individuals bring a wealth of experience and expertise that will be invaluable in guiding Barnwell's strategic direction and enhancing its financial performance.