Dr. Nikolay Karapuzov Honored

April 5, 2010

Dr. Nikolay Karapuzov Honored

PetroNeft Resources plc (AIM: PTR), owner and operator of€Licences 61€and 67, Tomsk Oblast, Russian Federation, is€pleased to€announce that Dr. Nikolay Karapuzov, Chief Geologist of€PetroNeft's wholly owned Russian subsidiary LLC Stimul-T, has been awarded the title "Honored Explorationist", the highest award of€the Ministry of€Natural Resources of€the Russian Federation.

Dr. Nikolay Karapuzov Honored

The order, which was signed by€the Minister of€Natural Resources, Yuri Trutnev, on€March€17, 2010, says that Dr. Karapuzov has been rewarded "for his long conscientious service and his notable personal contribution to€development of€mineral resources of€the Russian Federation".

The award was presented to€Dr. Karapuzov by€Alexander Komarov, head of€TomskNedra, the Tomsk Subsurface Agency, during a€ceremony celebrating the Day of€Geologists at€the Tomsk Polytechnical University on€April€2, 2010. The ceremony was also attended by€Governor Viktor Kress of€the Tomsk Oblast.

Dennis Francis, Chief Executive Officer of€PetroNeft Resources plc, commented:

"We€are very pleased to€see Nikolay receive this award. It€is€a€testimony not only to€his professionalism and dedication, but also to€his foresight in€developing the resource base in€the Tomsk Oblast."

For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc +1 713 988 2500
Paul Dowling, CFO, PetroNeft Resources plc +353 1 443 3720