Posting of Annual Report

Spitfire Oil Limited (“the Company”) announces that the annual report and accounts for the year ended 30th June 2017 has been posted to shareholders.

Copies of the annual report are available on the Company’s website www.spitfireoil.com and by request to the Company at 8th Floor, 54 Jermyn Street, London SW1Y 6LX, United Kingdom

Preliminary Results

Spitfire Oil Limited (“the Company”) and its wholly owned subsidiary, Spitfire Oil Pty Ltd (“Spitfire”), together (“the Group”), recorded a loss before tax for the year ended 30th June 2017 of A$3,759,741 (2016 A$623,614), after providing $3,376,906 (2016: $275,194) for diminution in value of the Salmon Gums tenements. The Group benefited from interest receivable of A$81,588 (2016 A$125,328). Operating costs of A$464,423 (2016 A$473,748) were incurred. A$286,906 (2016 A$275,194) was incurred and capitalised on licence fees and tenement management.

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Significant Shareholdings

Spitfire Oil Limited (“the Company”) has today been advised that Paul and Michelle Johnson have acquired 282,500 shares in the Company bringing their total beneficial holding to 2,534,080 shares in the Company representing 9.8% of the total issued share capital the Company.