Appointment of Leading Investor Relations Advisor

Pantheon Resources plc (AIM:PANR) ("Pantheon" or the "Company"), an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope ("ANS"), today announced that is has appointed MZ Group ("MZ"), a corporate & financial communications advisor to upgrade its USA presence in line with its stated strategy.

MZ Group will lead a strategic investor relations and financial communications programme with a particular focus on North America. MZ Group is working closely with Pantheon management to develop and implement a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community. The MZ team is advising Pantheon regarding corporate and financial communications, including the coordination of non-deal roadshows and investment conferences across key USA cities and building brand awareness with financial and social media outlets.

David Hobbs, Executive Chairman of Pantheon Resources, commented: "Pantheon is now transitioning to an exciting new phase for the Company's development. With the step up in activity and the more solid underpinnings resulting from the independent validation of the resource base and development plans, it is the right time to accelerate Pantheon's marketing to USA stakeholders. Our near-term operational focus is progressing definition of our Ahpun project, including the soon to spud Megrez-1 well, to progress the regulatory approvals for field development. Our strategic target remains to achieve sustainable market recognition of $5-10/bbl for our discovered contingent recoverable resource of c. 1.6 billion barrels of marketable liquids by the end of 2028."

About MZ

MZ North America is the USA division of MZ Group, a global leader in investor relations with over 250 employees, 800 clients across 12 different exchanges. For over 25 years, MZ has implemented award winning programmes and developed a reputation for delivering tangible results for public and private companies via strategic communications, industry-leading investor outreach, public relations, a market intelligence desk, and a suite of technology solutions, spanning websites, conference call/webcasting, video production and XBRL/Edgar filing services. MZ maintains a global footprint with professionals located throughout every time zone in North America, as well as Taipei and São Paulo. For more information, please visit www.mzgroup.us.