Appointment of Independent Non-Executive Director

Pantheon Resources plc (AIM: PANR) ("Pantheon" or "the Company"), the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, collectively spanning 193,000 contiguous acres in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, is pleased to announce the appointment of Linda Havard as Non-Executive Director with effect from 1st January, 2024.

Linda Havard joins the Board as a Non-Executive Director. Linda has more than 35 years of experience as a financial and operating executive in public oil and gas and entertainment companies as well as professional services firms. She most recently served as Chief Financial Officer of Gensler, the world's largest architecture and design firm, where she was responsible for all aspects of finance, including strategic finance, treasury, accounting, tax, internal audit, financial planning and analysis, capital budgeting, business systems and procurement for the firm's global operations.

Prior to joining Gensler, Linda served for six years as Chief Financial Officer at the global law firm of Orrick, Herrington & Sutcliffe, 13 years as Executive Vice President and Chief Financial Officer of Playboy Enterprises and 15 years at Atlantic Richfield Company (ARCO) (now BP Amoco), where she headed Corporate Planning and Investor Relations, among other senior positions. During her tenure at ARCO, Linda was a member of the Lyondell Petrochemical Company Board, serving on its Finance & Audit Committee.

Linda holds an MBA in Finance from the University of California at Los Angeles (UCLA) and a PhD (honoris causa) in Business from the Chicago School of Professional Psychology. She is a member of the [Atlanta] Federal Reserve Board CFO Panel, the International Women's Forum, and the Governing Body of the CFO Executive Summit. Linda will chair Pantheon's Finance, Audit & Risk Committee.

David Hobbs, Executive Chairman of Pantheon Resources, said: "We are delighted to welcome Linda to the Board as an Independent Non-Executive Director and as Audit Committee Chair. She brings a deep expertise in finance and qualifies as a Financial Expert for regulatory purposes as part of our transition programme, leading to a US listing in 2025.

"Her appointment marks another important step - strengthening our governance - in our strategy to deliver sustainable market recognition of $5-$10 per barrel of recoverable resources by 2028. Satisfying the requirement for at least two Independent Non-Executive Directors removes another barrier to attracting institutional investors onto the Company's share register."

Commenting on her appointment, Linda Havard said: "I am excited to join Pantheon's Board of Directors and look forward to working with the Board and Executive team to bring the Company's significant Alaska North Slope resources to production. I am eager to actively contributing to the Company's achieving a US listing as Chair of the Audit Committee of the Board."

Linda Havard (aged 68) (former surnames of Goldstien; Kunert) has confirmed that, other than the information disclosed below, there are no matters to be disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.

Current Trusteeship: Havard Family Trust

Directorship in last 5 years: M. Arthur Gensler & Associates

As at the date of appointment, Linda Havard does not hold any shares in Pantheon.