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BOSS ENERGY LTD Capital/Financing Update 2007

Nov 25, 2007

64549_rns_2007-11-25_bdd44b4f-72f5-4b48-82cc-17d8cef4e724.pdf

Capital/Financing Update

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26 November 2007

BOSS ENERGY LIMITED www.bossenergy.com

Rights Issue Acceptances

ASX: BOE ISSUED SHARES: 41 m

Boss Energy Limited (ASX: BOE) advises that it has received valid acceptances from shareholders for 9,792,580 options (representing a 95.5% acceptance level) pursuant to the Rights Issue announced to ASX on 22 October 2007.

PROJECT

Latrobe Oil Shale, Tasmania (Includes a JORC Resource of 72Mt of oil shale equivalent to more than 59 million barrels of Oil)

The Company anticipates that securities will be allotted and holding statements despatched to shareholders on or before 29 November 2007.

For further information contact:

Robert Grover Chairman Boss Energy Limited Tel: 61 8 9389 6600 Phone: 0417 981 437 Website: www.bossenergy.com

DIRECTORS

Mr Robert Grover Executive Chairman Mr Ross MacLeod Technical Director Mr Joseph Obeid Non-Executive Director

CONTACT DETAILS

Suite 24 18 Stirling Highway Nedlands 6009 Western Australia T: 08 9389 6600 F: 08 9389 6622 [email protected] www.bossenergy.com ABN 38 116 834 336