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XSTATE RESOURCES LIMITED Board/Management Information 2020

Aug 17, 2020

66107_rns_2020-08-17_2db3e0b6-cb20-4520-baa6-fdbc5ecb5a74.pdf

Board/Management Information

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ABN 96 009 217 154

18 August 2020

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ASX Limited

Board Changes

Xstate Resources Limited (ASX: XST) (“Xstate” or “the Company”) is pleased to announce the appointment of Mr Greg Channon as a Non-Executive Director of the Company.

Mr Channon is a geologist with over 35 years’ of global oil and gas experience in a great variety of technical and leadership roles. He is currently the Executive Chairman of RL Energy, and a NonExecutive Director of Samson Oil and Gas. During his career, Mr Channon has worked with a range of E&P companies and has lived and worked in Australia, New Zealand, China, Africa and the USA.

With Mr Channon joining the Board, Mr Chris Hodge has decided to step down due to his increased work commitments as CEO and Managing Director of Horizon Oil Limited. The Board would like to sincerely thank Mr Hodge for his invaluable assistance during his time as a Director.

This announcement was authorised for issue by the Managing Director of Xstate Resources Limited

David McArthur

Managing Director Xstate Resources Limited Tel Office: +61 8 9435 3200

Email: [email protected]

About Xstate Resources Limited

Xstate Resources ( ASX Code: XST ) is an ASX listed company focused on the oil and gas sector. The Company has existing gas exploration assets located in the Sacramento Basin, California and associated gas production. Xstate is presently pursuing new opportunities in the oil and gas sector onshore North America.

Level 1, 31 Cliff Street, Fremantle WA 6160 | Tel + 61 8 9435 3200 | Fax +61 8 6444 7408 | www.xstate.com.au