notice of meeting

5 March 2008

NEW OIL EXPLORER DVM INTERNATIONAL TO CAPITALISE ON HIGH
OIL PRICES WITH TWO EARLY WELLS

Australian’s latest onshore petroleum explorer, DVM International Limited (DVM), today told its shareholders
that it wanted to capitalise on record global oil prices by participating in two high impact exploration wells in
Western Australia.

The company’s chairman, Mr Robert Marusco, said in a notice of meeting issued to approve DVM’s
conversion to an oil and gas player that it was an opportune time to change direction because oil prices were
reaching US$100-per-barrel and demand forecasts showed strong ongoing growth.

The two wells that DVM would farm-in to in coming months in WA’s Carnarvon basin had the potential for
quick and substantial returns. The key advantage of the proposals to the company and its shareholders were
exposure to upside in the event of oil or gas discoveries, DVM said in its notice of meeting.

The Star Finch 1 well in EP-5 (EP-460) would have estimated potential recoverable reserves in the order of
50 billion cubic feet of gas and 25 million barrels oil, assuming that the structure was gas bearing with a 5
metre oil column the notice said. DVM would contribute 40% of the costs of the well to earn a 20% interest.

The second well, Lake MacLeod 1, had the potential to contain up to an estimated 150 million barrels of
recoverable oil, if oil was present and the structure was filled to its maximum possible spill point. DVM would
pay 20% of the costs of the well to earn 10% of EP-6 (EP-461), in which the well will be sited, and also in the
neighbouring EP-439.

DVM would commit $800,000 to the two-well exploration program, and said that it would seek oil and gas
exploration opportunities in other onshore areas within Australia.

DVM’s shareholders are being asked to approve the convert its activities to oil and gas exploration and to
consolidate its share capital on a one-for seven basis. They are also being asked to approve the issue of
shares and options to DVM’s new managing director, Mr Ivan Burgess.