Jadestone Energy Inc. Director Share Dealings

SINGAPORE / ACCESSWIRE / March 24, 2020 / Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) ('Jadestone' or the 'Company'), an independent oil and gas production company focused on the Asia Pacific region, announces Director Share Dealings.

On March 20, 2020, Paul Blakeley, Executive Director, President, and Chief Executive Officer of Jadestone, acquired a total of 100,000 common shares of no par value at a price of GBp35.0 per share, for a total cost of £35,000.00. Following the transaction, Mr. Blakeley holds a total of 2,732,798 common shares, which represents 0.59% of the Company's issued share capital.

Also on March 20, 2020, Cedric Fontenit, a Non-executive Director of Jadestone, acquired a total of 200,000 common shares of no par value at a price of GBp 32.9429 per share, for a total cost of £65,885.80. Following the transaction, Mr. Fontenit holds a total of 200,000 common shares, which represents 0.04% of the Company's issued share capital.

In addition, as previously announced, Mr. Fontenit holds an indirect beneficial interest in the Company through an interest in 443.5565 units of a fund managed by Tyrus Capital S.A.M. ('Fund') holding an interest in the common shares of Jadestone Energy Inc. Mr. Fontenit does not exercise control over the Fund's holdings in the Company.

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND THEIR CLOSELY ASSOCIATED PERSONS

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND THEIR CLOSELY ASSOCIATED PERSONS

This announcement does not contain inside information.

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SOURCE: Jadestone Energy Inc.