Posting of Annual Report

Urals Energy PCL

(''Urals Energy'', the ''Company'' or the ''Group'')

Posting of Annual Report

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that copies of its Annual Report and Accounts for the year ended 31 December 2015 will be posted to shareholders today and is available from the Company's website www.uralsenergy.com .

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For further information, please contact:

Urals Energy Public Company Limited

Andrew Shrager, Chairman Tel: +7 495 795 0300

Leonid Dyachenko, Interim Chief Executive Officer www.uralsenergy.com

Allenby Capital Limited

Nominated Adviser and Broker

Nick Naylor Tel: +44 (0) 20 3328 5656

Alex Brearley www.allenbycapital.com