Pantheon Resources Plc (PTHRF)

[WOOFERHEAD]

Operational update, flow testing has recommenced!

Director/PDMR Notification, & Issue of Equity

https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/xq3j17r

Alkaid #2 - Recommencement of flow testing operations

Pantheon is pleased to announce that following the successful cleanout of the sand blockage in the wellbore, flow testing operations have now recommenced. Flow test information will only be reported after flow rates have been stabilized.

Jay Cheatham, CEO, said: "With the sand blockage in the wellbore cleaned out and the production liner reinserted, we can now look forward to observing the potential of Alkaid #2 as the well progresses through the cleanup phase. We'll report the results once flow rates have stabilized and the data is representative of the potential of the well. As I've stated a number of times, we are very happy with the potential for Alkaid #2 and are optimistic of a positive result."

Director/PDMR Notification

Pantheon announces that on 20 February 2023, Phillip Gobe, non-executive Chairman and a person discharging managerial responsibility (PDMR) in the Company, has been issued and allotted 290,000 Ordinary Shares as a result of the conversion of 100% of his 290,000 Restricted Stock Units ("RSUs"). Following the completion of this allotment, Mr Gobe's ultimate beneficial ownership increases to 613,972 shares (representing 0.1% of the Company's total voting rights), zero RSUs and zero share options.

GLTA

$PTHRF