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.

Significant Shareholdings

Spitfire Oil Limited (“the Company”) has today been advised that Paul and Michelle Johnson have acquired 382,500 shares in the Company bringing their total beneficial holding to 2,251,580 shares in the Company representing 8.7% of the total issued share capital the Company.

Significant Shareholdings

Spitfire Oil Limited (“the Company”) has today been advised that Paul and Michelle Johnson have acquired 542,553 shares in the Company bringing their total beneficial holding to 1,869,080 shares in the Company representing 7.22% of the total issued share capital the Company.

Significant Shareholdings

Spitfire Oil Limited (“the Company”) has today been advised that Paul and Michelle Johnson have acquired 288,500 shares in the Company bringing their total beneficial holding to 1,326,527 shares in the Company representing 5.12% of the total issued share capital the Company.

Significant Shareholdings

Spitfire Oil Limited (“the Company”) has today been advised that Kavi Dhana has reduced his share holdings in the Company to below 3% of the total issued share capital the Company.

Significant Shareholdings

Spitfire Oil Limited (“the Company”) has been advised that Paul and Michelle Johnson have acquired 143,185 shares in the Company bringing their total beneficial holding to 1,038,017 shares in the Company representing 4.01% of the total issued share capital the Company.

Significant Shareholdings

Spitfire Oil Limited (‘the Company’) has today been advised that Paul and Michelle Johnson have acquired a beneficial holding of 894,832 shares in the Company representing 3.46% of the total issued share capital the Company.

Interim Statement For The Six Months Ended 31st December 2016

Spitfire Oil Limited (“Spitfire” or “the Company”) is pleased to publish a copy of its condensed consolidated unaudited interim results for the six months ended the 31st December 2016.

Spitfire and its subsidiaries (together “the Group”) recorded a loss before tax for the six months ended the 31st December 2016 of A$375,293 (2015: A$460,906). With cash balances of A$3.6m, the Group has benefited from interest receipts of A$42,945 (2015 A$58,350) in the period. Operating costs were A$188,936 (2015 A$258,065) and provision has been made for impairment of exploration and development costs incurred of A$229,302 (2015 A$261,191).

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