Appointment of Independent Non-Executive Director

1st November 2021

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Appointment of Eskil Jersing as Independent Non-Executive Director

PetroNeft (AIM: PTR) an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61 is pleased to announce that the Board has elected Eskil Jersing as Independent Non-Executive Director of the Company with immediate effect.

Eskil is an Oil Industry Senior Executive with some 34 years' plus of Upstream experience in most of the world's key Petroleum basins and was previously the CEO of Wentworth Resources plc, a Tanzanian Gas producer and CEO of Sterling Energy plc, both AIM listed E&P Companies.

He is currently New Business Advisor to Eburon Resources LLC, a privately backed Exploration startup, on the Advisory panel of Energilink ltd and a Director of Eskoil ltd.

Eskil graduated with a BSc. in Geophysics from Cardiff University, and an MSc. in Petroleum Geology from Imperial College London.

PetroNeft Chairman, Alastair McBain, welcomed the appointment:

"PetroNeft is a tight team and we have relied heavily on the experience and expertise of our Board to devise and deliver the transformational strategy we have undertaken in the business. Eskil has considerable depth and breadth of experience within the oil and gas industry and of leading listed E & P companies. I believe he has a major contribution to make to the next chapter of our growth and I look forward to working with him."

Additional Information:

Eskil Jersing (aged 57 years) and does not hold any ordinary shares or share options in the Company.

The Company confirms that there is no other information that is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies and Rule 5.22 (b) of Chapter 5: Additional Rules for the Euronext Growth Market operated by Euronext Dublin.

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