Pantheon Resources : Corporate Update - 5 June 2018

5 June, 2018

Pantheon Resources plc

Corporate update

Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas exploration company with a 50% - 75% working interest in several conventional project areas in Tyler and Polk Counties, onshore East Texas notes with great sadness the sudden passing of Bobby Gray, principal of Vision Resources, Pantheon's working interest partner and Operator of its East Texas projects.

Jay Cheatham, CEO, said:

"I am devastated by the passing of Bobby who was a very good friend as well as the CEO of our partner and Operator Vision. He was a man of great resource and integrity and will be sorely missed by everyone who knew him.

"As we work through this difficult time, discussions with members of the Vision team are underway to ensure continuity of operations and we will keep the market appraised as appropriate."

-Ends -

Further information:

Pantheon Resources plc Jay Cheatham, CEO

[phone]

Justin Hondris, Director, Finance and Corporate Development

Stifel Nicolaus Europe Limited (Nominated Adviser and broker) Callum Stewart

[phone]

Ashton Clanfield Nicholas Rhodes

FTI Consulting Ed Westropp James Styles

[phone]

For further information on Pantheon Resources plc, see the website at:www.pantheonresources.com

The information contained within this RNS is considered to be inside information prior to its release.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.