Ascent Resources Regulatory News (AST)

5 May 2020

Ascent Resources plc

("Ascent" or the "Company")

Director Appointment

Ascent Resources Plc (LON: AST) the onshore European and Caribbean / Hispanic American oil and gas company, is pleased to announce that, further to the announcement on 14 April 2020 which outlined the proposed Board changes, the necessary regulatory due diligence has been completed for the appointment of Andrew Dennan.

Andrew Dennan, aged 35, has today been appointed to the Board as Chief Executive Officer.

The following details in relation to the appointment of Mr. Dennan are disclosed in accordance with Schedule 2(g) of the AIM Rules:

* Saffron Energy Ltd, Penton Capital Ltd and BSD Capital Ltd were all dissolved with no outstanding creditors.

Mr Dennan holds 1,900,000 shares in the Company at the date of his appointment and has three year vest, five year expiry options over 1,385,894 new ordinary shares at a price of 5 pence per share.

There are no other disclosures required pursuant to Schedule 2(g) of the AIM Rules.

Enquiries:

APPENDIX:

The following details in relation to the appointment of Mr. Salvadori, aged 61, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.