HIGHLIGHTS:79 million barrels oil in place mean resource...

HIGHLIGHTS:

79 million barrels oil in place mean resource estimate at Katherine West.

Exoma’s stratigraphic play concept confirmed by discovery.

Follow-up wells to be drilled in early 2012.

206 million barrels oil in place mean resource estimate at Katherine East prospect to be tested in 2012.

Exoma Energy CEO, Rob Crook, said “This is a significant discovery for Exoma and Queensland.

Importantly, it validates Exoma’s stratigraphic oil play concept in its Galilee Basin tenements. This forms
the basis of our exploration planning for other oil targets in ATP 999 and ATP 1005.”