ASCENT RESOURCES PLC

Capital/Financing Update • Oct 26, 2020

National Storage Mechanism | Additional information

RNS Number : 1785D

Ascent Resources PLC

26 October 2020

26 October 2020

Ascent Resources plc

("Ascent" or the "Company")

Loan Facility Update

Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European natural resources company is pleased to announce that it has not drawn down the tranche 3 loan amount of £200,000 which, as announced on 6 August, was due to be drawn on the 4 October. Following the exercise of £50,000 of warrants on 23 October, the Lender has agreed with the Company that the the loan amount of £150,000 remains available for the Company to draw down at its discretion during any time up to the 30 November, subject to 5 business days prior draw down notice.

Enquiries:

Ascent Resources plc Andrew Dennan	Via Vigo Communications
WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge	0207 220 1666
Novum Securities, Joint Broker John Belliss	0207 399 9400

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