Posting Of Annual Report

Spitfire Oil Limited (“the Company”) announces that the annual report and accounts for the year ended 30th June 2016 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 2016 of A$623,614 (2015 A$596,094), after providing $275,194 (2015: $288,217) for diminution in value of the Salmon Gums tenements. The Group benefited from interest receivable of A$125,328 (2015 A$144,291). Operating costs of A$473,748 (2015 A$452,168) were incurred. A$275,194 (2015 A$288,217) was incurred and capitalised on licence fees and tenement management.

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Interim Statement For The Six Months Ended 31st December 2015

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 2015.

Spitfire and its subsidiaries (together “the Group”) recorded a loss before tax for the six months ended the 31st December 2015 of A$460,906 (2014: A$183,983). With cash balances of A$4m, the Group has benefited from interest receipts of A$58,350 (2014 A$44,272) in the period. Operating costs were A$258,065 (2014 A$228,255) and provision has been made for impairment of exploration and development costs incurred of A$261,191 (2014 A$nil).

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Annual General Meeting

At the annual general meeting held today of the shareholders of Spitfire Oil Limited, all the resolutions put to the meeting contained in the notice dated 12th February 2016 were duly passed.

Annual General Meeting

Notice of the Annual General Meeting of Spitfire Oil Limited (“the Company”) has been sent to shareholders and is available on the Company’s web site on www.spitfireoil.com.