Director/PDMR Shareholding

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

Grant of Share Options

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that it has granted a total of 11.0 million share options to subscribe for ordinary shares of 0.25p each in the Company ("Shares") to certain directors, senior management and employees in accordance with the Company's Share Option Scheme, as follows:

·; 6.0 million options have been granted to certain directors, senior management and employees with an exercise price of 6.24 pence per Share and which vest subject to the Company's share price achieving an average of 12 pence per Share (subject to adjustment in accordance with the rules of the Share Option Scheme) over a period of 30 consecutive business days within two years of the date of grant (the "Performance Condition") ("Performance Condition Options"). The Performance Condition Options lapse at midnight on the second anniversary of the date of grant irrespective of the Performance Condition having been met; and

·; 5.0 million options have been offered to certain directors and senior management subject to a grant price of 0.65 pence (1 US cent) per option being paid by the optionholder to the Company upon award (the "Grant Price Options"). The Grant Price Options have an exercise price of 7.25 pence per Share and are exercisable immediately following payment of the grant price up until midnight on the second anniversary of the date of grant at which time they will lapse.

As part of this grant of 11.0 million share options, the following grants have been made to Directors:

- Ends-

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