Petrel Resources Regulatory News (PET)

8th June 2017

Petrel Resources plc

("Petrel" or "the Company")

Constructive Discussions with Ghanaian Ministry

The directors of Petrel Resources plc (AIM: PET) are pleased to report that discussions have taken place in recent days relating to the Tano 2A onshore offshore block in Ghana. These discussions were positive and constructive, and will be continued.

David Horgan, Director, commented "The Tano 2A saga has been ongoing for nine years. There are numerous legacy issues which are being addressed. Progress is being made. The newly elected government is pro-development and committed to improved standards. We are committed to helping find and develop Ghana's natural resources. With continued good-will and common sense we hope that any outstanding issues will be satisfactorily and promptly resolved."

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

For further information please visit http://www.petrelresources.com/ or contact:

John Teeling, Chairman +353 (0) 1 833 2833

David Horgan, Director

Nominated Adviser and Broker

Northland Capital Partners Limited

Tom Price / Gerry Beaney (Corporate Finance) +44 (0) 20 3861 6625

John Howes (Broking)

Public Relations

Blytheweigh +44 (0) 207 138 3204

Nick Elwes +44 (0) 783 185 1855

Camilla Horsfall +44 (0) 787 184 1793

Teneo PSG

Ciaran Flynn +353 (0) 1 661 4055

Alan Tyrrell +353 (0) 1 661 4055