queensland firb condition satisfied

Molopo Energy Limited (ASX: MPO) is pleased to announce that the purchaser of Molopo's Queensland assets has received confirmation from the Foreign Investment Review Board ("FIRB") that it has no objections to the transaction. The transaction still requires National Development and Reform Commission ("NDRC") approval, and their response is expected by the end of September 2012. The transaction will close 30 days following receipt of the NDRC approval.

For further details on the transaction please see Molopo's press release dated 1 August 2012.