BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2011

May 4, 2011

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Red Fork Energy Limited ACN 108 787 720 Level 2, 79 Hay Street Subiaco Western Australia 6008 PO Box 1424 West Perth WA 6872

Telephone +61 8 9200 4470 Facsimile +61 8 9200 4471 www.redforkenergy.com.au

5 May 2011

Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir/Madam

NOTICE UNDER S708A

Red Fork Energy Limited (“Company”) on 4 May 2011 completed the issue of 68,562,500 ordinary fully paid shares at $0.32 each to raise $21,940,000 before costs, to North American, European and Australian institutional and sophisticated investors. The securities are part of a class of securities quoted on the Australian Stock Exchange Limited (ASX).

The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act.

The shares were issued without disclosure to the clients under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act.

The Company confirms that, as at the date of this notice, there is no information that:

1. has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

2. investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

   • (a) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

   • (b) the rights and liabilities attaching to fully paid ordinary shares,

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information.

Yours faithfully,

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David Prentice

Managing Director