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Notification of major interests in shares
30/12/2009

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Pantheon Resources Plc

2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights: (X)

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (specify): Increase in Issued Share Capital ( )

3. Full name of person(s) subject to the notification obligation:
Argo Exploration Limited

4. Full name of shareholder(s) (if different from 3.):
-

5. Date of the transaction (and date on which the threshold is crossed or reached if different):
16 December 2009

6. Date on which issuer notified:
30 December 2009

7. Threshold(s) that is/are crossed or reached:
> 6% Holding

8. Notified details:

A: Voting rights attached to shares

Class/type of shares If possible using the ISIN code
 
Ord Shares

Situation previous to the triggering transaction Resulting situation after the triggering transaction
   
Number of Shares Number of Voting rights

Nil

Nil

Number of Shares Number of Voting rights Direct % of Voting Rights
Direct

7,000,000

7,000,000

6.86

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/Conversion Period/Date Number of voting rights that may be acquired if this instrument is exercised/converted % voting rights
- - - - -

Total (A+B)

Number of voting rights % of voting rights

7,000,000

6.86

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Argo Exploration Limited: 6.86%

Proxy voting:
10. Name of the proxy holder:
N/A

11. Number of voting rights proxy holder will cease to hold:
N/A

12. Date on which proxy holder will cease to hold voting rights:
N/A

13. Additional information:
N/A

14. Contact name:
Melanie Leydin

15. Contact telephone number:
+613 9692 7222

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Last updated: 30/12/2009