Mr. Barry Hugghins reports

BRI-CHEM APPOINTS TONY PAGNUCCO CHIEF OPERATING OFFICER

Bri-Chem Corp. has appointed Tony Pagnucco as chief operating officer, effective immediately.

In his expanded role, Mr. Pagnucco will assume responsibility for all day-to-day operations across the company's Canadian and U.S. businesses, including sales, operations and financial management. He will also continue overseeing the accounting, financial reporting and related responsibilities he has held as chief financial officer since October, 2020.

Barry Hugghins will remain president and chief executive officer, and board chairman, continuing to lead the company's overall strategic direction, key business relationships and long-term priorities.

The appointment is part of Bri-Chem's continuing efforts to strengthen operating performance, improve profitability and increase sustainable cash flow. The expanded leadership structure is intended to provide greater accountability for day-to-day execution while allowing Mr. Hugghins to focus on the company's broader strategic objectives.

"Tony knows this company, its people and its challenges exceptionally well," said Mr. Hugghins, chief executive officer and chairman. "Over the past six years, he has provided steady leadership and financial discipline through some difficult industry conditions. We believe putting our operations under his leadership will improve accountability, strengthen execution and help us build a more profitable business. I'll continue working closely with Tony as we focus on improving performance and positioning Bri-Chem for the future."

Mr. Pagnucco is a chartered professional accountant with extensive experience in financial management and organizational leadership. Before joining Bri-Chem, he held leadership positions in manufacturing, real estate and heavy equipment servicing, following the start of his career at Deloitte.

"I appreciate the confidence Barry and the board have placed in me," said Mr. Pagnucco. "Our focus is on improving how we operate, strengthening our sales efforts, improving margins and generating consistent cash flow. We have experienced people and long-standing customer relationships to build upon. My responsibility is to bring greater focus and accountability to daily operations and deliver measurable performance improvements."

About Bri-Chem Corp.

Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oil field drilling, completion, stimulation and production chemical fluids. The company sells, blends, packages and distributes a full range of drilling fluid products from 17 strategically located warehouses throughout Canada and the United States.

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