The Board of Xtract Energy plc announced the appointment of Jan Nelson as Chief Executive Officer of the company who will join the board with effect from May 28, 2013. Jan brings over 15 years' experience in the mining industry more recently as CEO of Pan African Resources PLC. Peter Moir's position with the company will change from Chief Executive Officer to Executive Director with effect from May 28, 2013.

At the same time Raju Samtani has resigned as a Director with effect from May 28, 2013 to focus on his other business interests.