Pantheon Resources PLC Announces Executive Team Appointments

LONDON, UK – Pantheon Resources plc (AIM:PANR), the oil and gas explorer with promising assets on Alaska’s North Slope, is making strategic moves to reach the next level. The company announced today a series of key executive appointments, signaling its shift from exploration to development and its ambition to pursue a listing on a senior U.S. exchange.

The moves come as Pantheon gears up to unlock the value of its Kodiak and Ahpun fields, which boast substantial independently certified resources, estimated at approximately 1.6 billion barrels of ANS crude and 6.6 trillion cubic feet of natural gas.

**Tralisa Maraj to Lead Financial Transformation as CFO**

In a significant boost to its financial leadership, Tralisa Maraj has been appointed as Chief Financial Officer (CFO), effective July 14, 2025, succeeding Phil Patman. Ms. Maraj will play a pivotal role in orchestrating Pantheon’s transformation from a pre-revenue AIM-listed entity to a major Alaska North Slope producer listed on a prominent U.S. exchange. With over 25 years of experience under her belt, including CFO roles at two publicly listed companies, Ms. Maraj brings a wealth of expertise to the table. Starting her journey at Price Waterhouse Coopers, she later served as corporate controller at Remora Oil and Gas before becoming CFO for CGX Energy (Canadian-listed) and more recently, LiveWire Group Inc (U.S.-listed). Ms. Maraj is a chartered accountant (UK) and a licensed CPA in Texas.

**Erich Krumanocker Tapped as Chief Development Officer**

Pantheon is also strengthening its technical leadership with the appointment of Erich Krumanocker as Chief Development Officer (CDO). Mr. Krumanocker’s role, effective immediately, is to drive projects from exploration and appraisal through to development and production, succeeding Bob Rosenthal. Mr. Rosenthal is stepping down from the Board of Directors and retiring from the Company following the upcoming board meeting on June 13, 2025. Mr. Krumanocker, with more than 25 years of global experience, will be instrumental in overseeing the transition to production. His diverse background includes a career as a Petroleum Engineer with BP plc, with extensive experience in the North Sea, Azerbaijan, and the U.S., culminating as a VP of Production and Operations. Prior to joining Pantheon, Mr. Krumanocker was a Partner at Microsoft, leading digital transformation within the manufacturing and energy sectors.

**CEO Max Easley Voices Optimism**

“We are delighted to welcome Tralisa and Erich to the Pantheon Executive Team,” commented Max Easley, Chief Executive Officer. “They will be key in enacting our pivot from a world-class exploration and appraisal team to an equally successful development and operations team. Pantheon will benefit from a combined 50 years of international experience between the two. I also want to thank Phil Patman for his efforts in delivering a strong financial platform for growth through this transition and an ultimate US listing.”

**Chairman David Hobbs Applauds and Thanks Departing Leader**

David Hobbs, Pantheon’s Chairman, added to the welcome, stating, “I would like to add my welcome to Tralisa and Erich. In addition, I also want to express my personal gratitude to Bob Rosenthal, who has been a key member of the leadership of the Company. He was a founder of Pantheon some 20 years ago, then became a founder of Great Bear a few years later. Bob returned to Pantheon 7 years ago to help with the acquisition of Great Bear and then lead the technical team through the journey of discovering and appraising the Ahpun and Kodiak fields to demonstrate the potential for resources that are now independently certified at some 1.6 billion barrels of ANS Crude and 6.6 tcf of natural gas. His leadership has helped position the Company to be a significant part of Alaska’s energy future.”

**Incentives and Ownership Alignment**

To align the new executives with the company’s goals and offer incentives, the appointments include:

* A one-off grant of 375,000 Restricted Stock Units under the Employee Share Ownership Plan (“ESOP”) announced in October 2024, which is vesting over three years.
* 750,000 options with various time-based and operational vesting criteria.
* Eligibility for standard ongoing senior executive grants under the ESOP.

The company is expected to grant these awards as soon as possible administratively and regulatorily. Details of these terms will be released in a later announcement. As a standard feature of U.S.-based companies, the CFO and CDO roles are not anticipated to be board positions.

##
**Tralisa Maraj: Directorships in the Past Five Years**

Pursuant to AIM Rule 17 and Schedule 2(g) of the AIM Rules, the following information regarding Tralisa Maraj’s directorships is revealed:

| Current Directorships or Partnerships | Previous Directorships or Partnerships |
| :——————————————————— | :——————————————- |
| Aliana Consulting LLC | CGX Energy Management Corp. |
| All About the Pups.Org | CGX Resources Inc. |
| Blade MJ LLC | GCIE Holdings Ltd |
| Cyber App Solutions Corp (trading as Proton Green) | Grand Canal Industrial Estates Inc. |
| LiveWire EV LLC | ON Energy Inc. |
| LiveWire France SAS | |
| LiveWire Germany GMBH | |
| LiveWire Motorcycles Canada Inc | |
| LiveWire Netherlands BV | |
| LiveWire Switzerland GmbH | |
| LiveWire UK Ltd | |
| StaCyc LLC | |
| Stratovate Ventures & Solutions Group LLC | | The Rusty Hook Galveston LLC | | TMJ Realty Group LLC | |

There are no further disclosures for Tralisa Maraj as of AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Pantheon’s strategy revolves around its 100% owned Ahpun and Kodiak fields situated on state-owned land on the North Slope of Alaska. The company’s ambition is to be producing oil from its Ahpun field into the Trans Alaska Pipeline System (TAPS) by the end of 2028, with the natural gas from its projects potentially feeding into Alaska Gasline Development Corporation’s (AGDC) proposed pipeline. This proximity to existing infrastructure offers a notable competitive advantage, enabling faster development times and potentially lower costs than other projects in the region.