Last updated on April 19, 2014 at 5:20 EDT

PetroKamchatka Plc (TSXV: PKP) announces Resignation of Director

September 10, 2012

ST. HELIER, JERSEY, Sept. 10, 2012 /CNW/ – PetroKamchatka Plc
(“PetroKamchatka” or the “Corporation”), an international junior oil
exploration company incorporated in the Bailiwick of Jersey, announces
that Dr. Vyacheslav Pershukov has resigned from the Board of Directors
of the Corporation. Pursuant to the recently released Government of the
Russian Federation Decree #841 “On Compliance by the Employees of
State-owned Companies to Article 349.1 of the Labour Code of the
Russian Federation”, Dr. Pershukov, who is currently employed as Deputy
General Director and Head of Scientific and Technical Complex at
ROSATOM (Russia’s State Nuclear Power Concern), can no longer hold any
position in public companies.

PetroKamchatka would like to thank Dr. Pershukov for his contributions
over the last few months and wishes him well in his future endeavours.

The Corporation will seek a replacement for Dr. Pershukov on the Board
of Directors.

For further information in respect of the Corporation, please visit the
PetroKamchatka Plc website at: www.petrokamchatka.com

SOURCE PetroKamchatka Plc

Source: PR Newswire