Shareholder Communications Update

REACH

2 August 2021

Baron Oil Plc

("Baron Oil" or the "Company")

Shareholder Communications Update

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company with projects in South East Asia, Latin America and the UK, is pleased to announce a number of initiatives with the goal of improving shareholder communications.

Appointment of Financial PR and IR Adviser

Baron Oil is pleased to announce the appointment of IFC Advisory Limited ("IFC") as the Company's public relations and investor relations adviser with immediate effect.

IFC will advise the Company on all aspects of public relations and investor relations, including advising on publicity opportunities, media coverage and social media, together with facilitating improved shareholder communications. This will include arranging periodic online investor presentations, the first of which will be notified in due course, together with allowing interested parties to communicate any questions or other points for the Company by email through [email protected].

Social Media

The Company recognises that for some shareholders it may be easier and more convenient to access information via social media through which further non-regulated information can be provided. For example, Timor-Leste, where the Company has a significant asset in terms of resources, ownership and potential value, is a relatively unknown area yet one which is currently experiencing high levels of regional activity.

The Company is therefore pleased to announce that it can now be followed on Twitter via @baronoilplc, and on LinkedIn via the Baron Oil plc page.

Additionally, the Company will utilise the DirectorsTalk service and future coverage of Baron Oil, together with interviews with management at appropriate times, will be found at: https://www.directorstalkinterviews.com

Research

Allenby Capital Limited's research on Baron can now be accessed through the Company's website or accessed directly at http://www.allenbycapital.com/research/research-BOIL.html

Website Update

A new section has been added to the Company's website to provide further background information on Timor-Leste and its oil and gas industry. Currently it consists of around 40 articles categorised under six headings - Economics, General, LNG, Oil & Gas, Regulatory and Technical. The new section - Timor-Leste Hub - will be updated periodically and can be found at https://www.baronoilplc.com/timor-leste-hub/

Commenting on the initiatives, Andy Yeo, Chief Executive Officer of Baron Oil, said: "Over the last 12 months we have made management changes, modified our strategy, taken control of the Chuditch project, funded our ongoing activities and assembled a strong portfolio of assets for the future. From here, we are keen to have a meaningful dialogue with all stakeholders and we hope that these changes will provide a broader and better means of communication, together with providing additional information of interest."

For further information, please contact:

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