Nidhogg Resources Holding AB (publ) ("Nidhogg" or the "Company") announces changes to its Board of Directors.

Ulrich Andersson has resigned from his position as Chairman of the Board and Director for health reasons but will remain as a major shareholder. Per Skaug has been appointed as the new Chairman of the Board, and the Board expresses its gratitude for Ulrich's leadership and wishes him a speedy recovery.

Per Skaug comments: "I am honored by the confidence I have been given to serve as chairman. My focus will be to ensure continuity in the Board's work and to support management in delivering on the company's strategic priorities".

The Board of Directors has appointed Jan Kielland as co-opted Director. He will strengthen the Company's operational and strategic plans going forward. The plan is to call a general shareholders meeting in early 2026 to propose Jan Kielland as a Board Member.

Jan has more than 40 years of international experience in oil, gas and private equity. He has held senior positions at SAGA Petroleum, DNO, Lundin Petroleum, Panoro Energy and Sector Asset Management. As co-founder of Det Norske Oljeselskap AS, he played a central role in the development of Lundin Petroleum's North Sea portfolio into a billion-barrel company. In 2018, Jan founded Capsol Technologies ASA and led the company from a market capitalization of NOK 10 million to NOK 1 billion ahead of its listing on the Oslo Stock Exchange in 2024. He continues to contribute to Capsol Technologies as Chairman of the Nomination Committee and member of the Advisory Board.

" We welcome Jan to our team and look forward to working together in executing on Nidhogg's corporate strategy", says Niclas Biörnstad, CEO of Nidhogg.

Daniel Sjöholm has resigned from his position as a Director at his own request. Daniel was elected during a transition period to add legal expertise to the Board, which will be provided in the role of the Company's attorney going forward.

"My assignment on Nidhogg's board has been both rewarding and educational. However, due to commitments within Foyen Law Firm and lack of time, I have decided to resign. I am pleased to be able to continue to contribute as legal advisor and wish the company and the Board continued success in future exciting projects," says Daniel Sjöholm.

"Daniel has contributed with valuable legal expertise at a critical time. We thank him for his efforts and commitment as a board member and look forward to further engagement with Daniel as legal advisor", says Niclas Biörnstad, CEO, Nidhogg.

For more information, please contact:

Niclas Biörnstad, CEO Nidhogg Resources Holding AB (publ)
E-mail: niclas@nidhoggresources.com
Phone: +46 70 729 9769

About Nidhogg Resources

Nidhogg Resources Holding AB (publ), www.nidhoggresources.se , is a Swedish limited liability company with a focus on commodities. Nidhogg was founded by individuals with a combined experience of over 60 years of experience in the commodities market, with backgrounds ranging from exploration to exploitation as well as sales and a passion for extracting raw materials by applying innovative technologies alongside existing infrastructure.