placement, page-2

Maverick Drilling & Exploration Limited (ASX: MAD)(Maverick) requests an immediate trading halt pending an announcement to the market by Maverick about a proposed share placement.

In accordance with Listing Rule 17.1, Maverick provides the following information:

(a) Maverick intends to undertake a placement to institutional and sophisticated investors. Given the
potential size of the placement, Maverick considers it appropriate that it enter into a trading halt.

(b) Maverick requests that the trading halt continue until the earlier of:
(i) the commencement of normal trading on the second trading day after the trading halt
commenced; and
(ii) Maverick making an announcement to the market and requesting that the trading halt be
lifted.

(c) Maverick is not aware of any reason why the trading halt should not be granted.

(d) Maverick is not aware of any other information necessary to inform the market about the trading
halt.