Statement re Beaufort Securities Limited

Amedeo Resources PLC

("Amedeo" or the "Company")

Statement re Beaufort Securities Limited

The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into administration and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity. As a result, the London Stock Exchange has suspended BSL's membership of the London Stock Exchange pending clarification of the firm's position.

BSL is a joint broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules"). As a result of the suspension of its membership to the London Stock Exchange, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

WH Ireland Limited, the Company's NOMAD and other joint broker, will continue to provide broking services to the Company.

Enquiries:

Glen Lau Zafar Karim

Chief Executive Officer Executive Director

Amedeo Resources PLC Amedeo Resources PLC

Tel office: +44 20 7583 8304 Tel office: +44 20 7583 8304

Chris Fielding

Nominated Adviser & Broker

WH Ireland

Tel office: +44 207 220 1666