EastSiberian Plc (TSX NEX: ESB.H) ("EastSiberian" or the "Corporation"), a Jersey company, announces that it has been notified by the Ministry of Energy & Mines ("MEM") of the Government of Nicaragua that the Corporation has been granted Exploration Contractor Status in Nicaragua. By being granted this status, the Corporation is now eligible to apply for hydrocarbon concessions in Nicaragua. The Corporation intends to pursue these opportunities and other opportunities in Latin America that may become available to it.

About EastSiberian

EastSiberian is an international junior oil exploration company incorporated in the Bailiwick of Jersey. The common shares of the Corporation are listed currently on the NEX.

The Corporation announced previously that the common shares of EastSiberian are halted currently from trading on the NEX at the request of the Corporation. The common shares will remain halted until trading is permitted to resume, all in accordance with the policies of the TSX Venture Exchange and the NEX.