Lansdowne Oil Share Price (LOGP)

Background to the Acquisition

The target of the Acquisition, São Gabriel Mineração LTDA. is a Brazilian company, incorporated on 14 July 2022, focused on developing the Macaubas graphite project in Brazil.

SGM holds two exploration licences and has, to date, undertaken early-stage exploration work that has proven the presence of graphite mineralisation at the Project. SGM is now seeking to develop the Project through further exploration work at the Tenements to establish both the extent of graphite mineralization at the Project and an initial mineral resource which will provide the basis for an application to convert the exploration licences into mining concessions. The Project shows robust preliminary exploration results, that underpin the Company's plans to complete more extensive exploration work with a view to applying for the conversion of the existing exploration licences to mining licences.

The Company believes that, subject to completion of this further exploration work, there is the potential to establish a mineral resource and increase grade, with mineralised material that exhibits excellent characteristics that can demand superior prices within the marketplace. The key deposit characteristics are highlighted below:

· Located in one of the highest quality, prospective graphite regions in the world with a strong mining heritage

· Shallow, friable material that can be mined without explosives and minimal crushing

· The deposit has the potential to host high quality, large flake graphite mineralisation

· Favorable logistics and infrastructure

· Large, quality geological targets identified to establish a maiden resource and improve overall average grade

The Project consists of two Tenements, namely exploration licences 870.511/2019 and 870.512/2019, covering an aggregate of 2,805.82 hectares, located approximately 35 km from the town of Macaubas along the BA-573 road towards the village of Pajeú. in Bahia state, Brazil.

The new discussion board is at:

https://www.lse.co.uk/ShareChat.html?ShareTicker=LRES&share=Lansdowne-Oil

NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM

Following a Reverse Takeover the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.

Nothing to report so far from HL. Same with other brokers this morning?

Jeffrey Auld, Non-Executive Chairman of Lansdowne Oil & Gas plc, commented:

"We are delighted to have received such strong shareholder support for all aspects of the transaction. We look forward to returning to trading on AIM, advancing our new critical minerals work programme in Brazil and continuing our ECT arbitration to seek compensation for the loss of the Barryroe asset. Finally, I would like to welcome Luis Azevedo to our Board and we look forward to working with him."