PetroKamchatka Plc Announces Resignation of Chief Financial Officer

ST. HELIER, Jersey, June 6, 2012 /CNW/ – PetroKamchatka Plc (TSXV: PKP),
(“PetroKamchatka” or the “Corporation”), an international junior oil
exploration company incorporated in the Bailiwick of Jersey, announced
today the resignation of its Chief Financial Officer (“CFO”), Allan
Stevens, effective May 30, 2012. Mr. Richard (Rick) Jaggard, currently
serving as a consultant to the Corporation, will serve as interim CFO. 
Mr. Jaggard has over 30 years of experience in the oil and gas industry
in Canada and internationally, including 13 years of experience as a
CFO for publicly traded companies.

The Board of Directors and Management would like to thank Mr. Stevens
for his contributions to the Corporation and wish him success in his
future endeavours.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

SOURCE PetroKamchatka Plc