Posting of Annual Report

Spitfire Oil Limited today announces that the Annual Report for the year ended 30 June 2014 has been posted to shareholders.

Copies of the Annual Report are available on the Company’s website at www.spitfireoil.com.

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 2014 of A$4,538,212 (2013 A$289,639), after providing $4,249,592 (2013: $ nil) for a diminution in value of the Salmon Gums tenements. The Group benefited from interest received of A$143,897 (2013 A$220,495). Operating costs were reduced to A$432,517 (2013 A$510,136). In addition, A$194,039 (2013 A$21,656) was incurred and capitalised on licence fees and tenement management.

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Interim Statement For The Six Months Ended 31st December 2013

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 2013.

Spitfire and its subsidiaries (together “the Group”) recorded a loss before tax for the six  months ended the 31st December 2013 of A$116,964 (2012: A$182,907). With cash balances  of A$6.8m, the Group has benefited from interest receipts of A$84,782 (2012 A$122,584) in the period. Operating costs have been further reduced to A$201,746 (2012 A$305,491).

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