Mexico Pacific Appoints Sarah Bairstow Chief Executive Officer

(MENAFN- GlobeNewsWire - Nasdaq) HOUSTON and MEXICO CITY, April 12, 2024 (GLOBE NEWSWIRE) -- Mexico Pacific Limited LLC (“Mexico Pacific” or the“Company”), the developer of the Saguaro Energía LNG
facility and associated Sierra Madre Pipeline, today announced that Sarah Bairstow, the Company's President, has been appointed as Chief Executive Officer, effective immediately. Ms. Bairstow's appointment follows Ivan Van der Walt's resignation as CEO to pursue other interests.

“Mexico Pacific has achieved substantial progress over the past year, and, as we build on our momentum since Quantum's initial investment
in the Company a few years ago, we are thrilled to have a leader of Sarah's caliber assume the role of CEO,” said Charles Davidson, Executive Chairman of Mexico Pacific and Partner at Quantum Capital Group, Mexico Pacific's principal equity owner.“Sarah has a demonstrated track record of taking LNG
projects from concept to operations and has played a pivotal role in the Company's trajectory to date. Along with Sarah, we have a tremendously talented team in place with significant experience developing, constructing, and operating large-scale energy
infrastructure projects around the world. I have the utmost confidence in our team and continued success.”

Ms. Bairstow has more than 20 years of international LNG
and energy
leadership experience and is a founding executive of Mexico Pacific. Prior to joining Mexico Pacific in 2019, Ms. Bairstow was the Head of Strategic Projects and Commercial LNG
for the Gladstone LNG
Project, where she secured the long-term SPAs underpinning project revenues before building and overseeing Gladstone LNG
's commercial LNG
business for nearly a decade on behalf of project partners Santos, KOGAS, PETRONAS, and Total.

“I am honored to have the opportunity to lead Mexico Pacific through its next phase of execution and excited about the significant opportunities ahead for the Company,” said Ms. Bairstow.“I look forward to working closely with Chuck – who brings years of experience leading publicly listed energy
companies – and our entire team, as well as with other members of our Board, to build upon our commitment to supplying affordable, reliable energy
for decades to come.”

“With three trains commercially contracted and key regulatory permits in place across the pipeline and terminal, Mexico Pacific is well positioned to begin construction of its flagship project in the second half of this year,” continued Mr. Davidson.“On behalf of the entire Board, I want to thank Ivan for his significant contributions to the Company and wish him all the best in his future endeavors.”

Mexico Pacific continues to progress the workstreams necessary to achieve a final investment
decision for the first phase of its Saguaro Energía LNG
facility and associated Sierra Madre Pipeline. Together, these developments comprise the largest private investment
in Mexico. Mexico Pacific is prepared to develop and operate this world-class infrastructure, a foundational pillar of the Sonora Plan that promotes clean energy
development and economic prosperity in Mexico and throughout North America.

About Mexico Pacific

Mexico Pacific's anchor project, the 15 mtpa Saguaro Energía LNG
Facility, is the most advanced LNG
development project on the West Coast of North America. The Saguaro Energía LNG
Facility achieves significant cost and logistical advantages resulting in the lowest landed price of North American LNG
into Asia by leveraging low-cost natural gas
sourced from the nearby Permian Basin and a significantly shorter shipping route avoiding Panama Canal transit risk. More information is available at


Allison Clark
Director, Communications & Branding


GlobeNewsWire - Nasdaq

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