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XSTATE RESOURCES LIMITED Board/Management Information 2020

Apr 23, 2020

66107_rns_2020-04-23_67b497bc-ff16-4ba9-a61b-de686ddead50.pdf

Board/Management Information

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ABN 96 009 217 154

24 April 2020

Electronic lodgement

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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 Andrew Childs as a Non-Executive Director of the Company.

Mr Childs is a Petroleum Geologist with over 35 years of Oil and Gas experience working in Technical and Commercial roles for small to mid capped Companies listed on the ASX, AIM and TSX markets.

He is also the Managing Director of Petroleum Ventures Pty Ltd (currently Xstate’s largest shareholder), Non-Executive Chairman of Sacgasco Limited, Non-Executive Director of ADX Energy and Principal of Resource Recruiment.

The Company also wishes to advise that Mr Richard Lorentz has resigned as Non-Executive Director of the Company. The Board wishes to thank Mr Lorentz for his contribution during his tenure.

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