Board Change

22 May 2012

Petrel Resources PLC

(the "Company")

Board Change

Petrel Resources today announces that Stefano Borghi resigned yesterday as a non-executive Director of the Company to pursue his other business interests.

David Horgan, Managing Director of Petrel Resources, commented:

"We would like to thank Stefano for his contribution to the development of the Company and wish him well in his other business activities. 

"The board intends to appoint a new non-executive Director in the near future and will update the market as soon as possible."

Enquiries:

Petrel Resources PLC

David Horgan, Managing Director +353 (0)87 292 3500

John Teeling +353 (0)1 833 2833

www.petrelresources.com

Northland Capital Partners Limited

Gavin Burnell / Katie Shelton / Alice Lane +44 (0)20 7796 8800

Blythe Weigh Communications

Tim Blythe +44 (0) 207 138 3205

Susan McKenzie +44 (0) 207 138 3206

Robert Kellner +44 (0) 207 138 3203