Response to Share Price Volatility

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, confirms that it is in discussions with stakeholders about the potential to supply natural gas to consumers in South Central Alaska. There can be no guarantee that these discussions will lead to definitive agreements and the Company's planning basis continues to rely upon reinjection of all hydrocarbons that cannot be exported through the Trans-Alaska Pipeline System ("TAPS") main oil line.