Holding(s) in Company

RNS Number : 8392E

Pantheon Resources PLC

30 December 2009

TR-1: notification of major interests in shares

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 (please specify):___________________________________________
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:	Per below

A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct x	Indirect xi	Direct	Indirect
ORD SHARES	Nil	Nil	7,000,000	7,000,000		6.86

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of 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 xv:

ARGO EXPLORATION LIMITED: 6.86%

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights: