Ascent Resources plc / Epic: AST / Index: AIM / Sector: Oil and Gas 7 March 2011 Ascent Resources plc (Ascent or the Company) Issue of new equity Ascent Resources plc, the AIM-traded oil and gas exploration and production company, has issued 6,062,579 ordinary shares of 0.1p each in the Company to YA Global Master SPV Ltd (Yorkville), an investment fund managed by Yorkville Advisors LLC.

The shares have been issued under the Standby Equity Distribution Agreement (SEDA), details of which were announced on 19 November 2010.

The shares were issued at an average of 6.6p per share to raise �400,000 for the Company which will assist the Companys working capital needs following the recent successful drilling of its appraisal well Pg-11 in Slovenia. Application has been made for the admission of these shares to trading on AIM and dealings are expected to commence on 10 March 2011.

The shares will rank pari passu in all respects with the Companys existing ordinary shares, including the right to receive any dividends and other distributions declared by the Company.

Following the issue of the shares the Companys total issued share capital will be 685,509,722 ordinary shares of 0.1p each in the Company. The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules. **ENDS** For further information visit www.ascentresources.co.uk or contact: Jeremy Eng Ascent Resources plc Tel: 020 7251 4905 Scott Richardson Brown Ascent Resources plc Tel: 020 7251 4905 Sarah Wharry finnCap Ltd (NOMAD & Broker) Tel: 020 7600 1658 Henrik Persson finnCap Ltd (NOMAD & Broker) Tel: 020 7600 1658 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
Notes: Ascent Resources plc has a diversified portfolio of hydrocarbon exploration and development interests across five countries in Europe: Italy, Switzerland, Hungary, Slovenia and Netherlands.

Its portfolio contains a solid base of field redevelopment projects with selected exposure to exploration upside.

The portfolio is focussed on gas and with the exception of the shallow water Netherlands project, all of its projects are located onshore where operating and development costs are substantially lower than they would be offshore.
Felicity Edwards St Brides Media and Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY Tel: +44 (0) 207 236 1177 Mob: +44 (0) 7748 843871 Fax: +44 (0) 207 236 1188 Email: Web: www.stbridesmedia.co.uk