Valiant Petroleum plc

21^st June 2010

PRESS RELEASE

Valiant Petroleum plc ("Valiant" or the "Company") Directors Interests

Peter Buchanan, Chief Executive, notified the Company that on 18^th June 2010, he sold 210,000 (two hundred and ten thousand) ordinary shares of £0.02555556 each for tax planning purposes. The shares were sold at a price of 6.80p per share.

As a result, Mr Buchanan retains a total aggregate interest in 3,124,863 (three million one hundred twenty-four thousand eight hundred and sixty-three) shares in the Company.

The Company has also received notification from Sandy Shaw, Executive Director, that on 18^th June 2010, she sold 90,000 (ninety thousand) ordinary shares of £0.02555556 each for tax planning purposes. The shares were sold at a price of 6.80p per share.

As a result, Ms Shaw retains a total aggregate interest in 268,695 (two hundred sixty eight thousand six hundred and ninety-five) shares in the Company.

ENDS