Issue of Options to Directors

BARON OIL PLC

("Baron Oil" or "the Company")

Issue of Options to Directors

Baron Oil, the AIM-listed oil and gas exploration and production company, announces that it has today approved the issue of the following options to Directors of the Company. The options are exercisable at an exercise price of 0.35 pence per share. The options vest immediately and are exercisable at any time until 7 July 2020.

For further information:

Baron Oil Plc Tel: +44 (0)1892 838948

Malcolm Butler (CEO)

Cantor Fitzgerald Europe (Nominated Adviser and Broker) Tel: +44 (0) 20 7894 7000

Sarah Wharry (Corporate Finance)

Alex Pollen (Corporate Broking)

SP Angel (Joint Broker) Tel: +44 (0)20 7470 0470

Richard Hail / Richard Redmayne