Oslo, 21 May 2025 - Panoro Energy ASA (the "Company" or "Panoro" with OSE
ticker: PEN), an independent oil and gas company, held its 2025 Annual General
Meeting of Shareholders virtually through the facilities of Euronext today, and
the nominees listed in the notice of the General Meeting were elected as
directors of the Company. Mr. Julien Balkany and Mr. Torstein Sanness were
reappointed as Chairman and Deputy Chairman of the Board of Directors,
respectively. All resolutions presented for approval at the General Meeting were
duly passed. A copy of the minutes of the Annual General Meeting is available to
download from the meetings section on our website at www.panoroenergy.com and as
an enclosure to this press release.

The Company is pleased to announce the appointment of Mr. Christophe Salmon to
its Board of Directors. Mr. Salmon has extensive experience working with a broad
range of companies within the energy and global financial industries.

Mr. Salmon began his career at insurance company Euler Hermes as a credit
officer before joining BNP Paribas' internal audit department in 1995. After
advancing at BNP Paribas, he led the bank's commodity finance operations
including all oil and gas financing across the EMEA region. In 2012, Christophe
joined global commodity trading company Trafigura as CFO for Europe, the Middle
East, and Africa. Three years later, he was appointed Group CFO and member of
its board and management committee, a position he held for a decade. During his
tenure, Salmon has overseen Trafigura's financial operations through a period of
significant growth, strengthening the company's financial position and securing
crucial liquidity access in the notoriously volatile commodities market.

At the date of joining the Board Mr. Salmon held 266,665 shares in the Company
and is entitled to 24,000 share options approved in the 2025 Annual General
Meeting.

After almost a decade of valuable contribution to Panoro's Board, Mr. Garrett
Soden has not sought re-election at the 2025 Annual General Meeting. On behalf
of the Company and its shareholders, the Board of Directors extend their
sincerest appreciation to Mr. Soden for years of invaluable contributions,
insightful guidance, and unwavering commitment to the Company's success.

Julien Balkany, Chairman of the Board of Panoro, commented, "On behalf of
Panoro, I would like to thank Garrett for his invaluable contributions to the
Company over the last decade. His extensive public company experience with the
Lundin Group has helped us take Panoro from modest beginnings as a small, single
-asset company with only a handful of employees and a limited balance sheet to
the current larger, multi-country, dividend-paying E&P platform that you see
today."

Mr. Balkany, continued, "We are very pleased that Christophe is joining our
Board as chairman of the Audit Committee.  Christophe brings significant
insight, industry and banking relationships and a global perspective from his
previous leadership role as CFO of Trafigura.  We welcome his expertise to the
Board and look forward to working with him to continue creating value for our
shareholders."

Enquiries

Qazi Qadeer, Chief Financial Officer
Tel: +44 203 405 1060
Email: investors@panoroenergy.com

About Panoro Energy

Panoro Energy ASA is an independent exploration and production company based in
London and listed on the main board of the Oslo Stock Exchange with the ticker
PEN. Panoro holds production, exploration and development assets in Africa,
namely interests in Block-G, Block S, Block EG-01 and Block EG-23 offshore
Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin Licenses
offshore southern Gabon, the TPS operated assets in Tunisia and onshore
Exploration Right 376 in South Africa.

Visit us at www.panoroenergy.com
Follow us on LinkedIn (https://www.linkedin.com/company/panoro-energy)