Notice of AGM and posting of Annual Report

May 31, 2011

PetroNeft Resources PLC

PetroNeft Resources plc (‘PetroNeft’ or ‘the Company’)

Notice of AGM and posting of Annual Report

PetroNeft Resources plc (AIM: PTR), owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, announces that the Company's Annual Report and Accounts for the year ended 31 December 2010 and Notice of AGM were posted to shareholders on 27 May 2011 and are available online at the Company's website

As announced on 10 May 2011, the Annual General Meeting of the Company will be held on Wednesday, 22 June 2011 at 11:00 a.m. in the Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland. At the meeting shareholders will be asked to consider some changes to the Company’s Memorandum and Articles of Association. An explanatory letter from the Chairman of the Company detailing the changes was also sent to shareholders on 27 May 2011. A copy of this letter and of the proposed revised Memorandum and Articles of Association is available here.


Paul Dowling, CFO, PetroNeft Resources plc +353 1 6470280