Elixir Energy Limited (“Elixir” or the “Company”) is pleased to...

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an update on operations in its
100% owned Nomgon IX CBM PSC.
The Yangar 1S strat-hole well (see map below) is currently being drilled in a new sub-basin located
some 24 kilometres to the West North West of Nomgon-1. To date 27 metres of coal have been
intersected. As of Saturday morning, the well was at 347 metres.
The Company’s well site geologist has observed very active gas bubbling from coals recovered to
surface and in the mud-pit. This is considered unusual and is highly promising in coals that were at a
relatively shallow depth of 260 metres. This may extend upwards the Company’s overall view on the
potential CBM “window” in the PSC.
Elixir will now follow up with an appraisal program in the Yangir sub-basin next year, likely
commencing with a fully desorbed and tested core-hole.