UK Onshore Licence Interest Acquisitions

Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of additional interests in two 14^th Round licences in the Company’s East Midlands core area.Egdon will materially increase its interests in two of its recently announced Egdon operated 14^th Round awards, PEDL334 and PEDL306 via an assignment of interests from Celtique Energie Petroleum Limited (“Celtique”) at no cost. These transactions will add a total of 14,428 net acres (58 km²) to Egdon’s licence holdings.East Midlands - Humber Basin

• Egdon and Petrichor Energy UK Limited (“Petrichor”) have agreed to jointly take over Celtique’s interest in PEDL334. As a result, the new equity in the licence will be Egdon 60% (from 37.5%), and Petrichor 40% (from 25%).

East Midlands - Widmerpool Basin

• Egdon and Petrichor have agreed to jointly take over Celtique’s interest in PEDL306. As a result, the new interests in the licence will be Egdon 30% (from 18.75%), Petrichor 20% (from 12.5%), Hutton Energy Limited 25%, Coronation (Oil and Gas) Limited 25%.

The transactions are subject to Oil and Gas Authority approval.Commenting on the acquisitions, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to build on our interests in two recently awarded highly prospective14^th Round blocks. These zero cost acquisitions are consistent with our strategy of enhancing our position in our core areas where we see significant oil and gas potential.”