CHALLENGER GOLD LIMITED — Share Issue/Capital Change 2012

Feb 14, 2012

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15 February 2012

Manager Announcements Company Announcements Office Australian Securities Exchange 10[th] Floor, 20 Bond Street SYDNEY NSW 2000

ASX ANNOUNCEMENT NOTICE UNDER SECTION 708A(5) OF THE CORPORATIONS ACT [ASX Code: CEL]

This notice is given under paragraph (5)(e) of section 708A of the Corporations Act.

The following securities of Challenger Energy Limited (“the Company”) will be issued without disclosure to investors under Part 6D.2 of the Corporations Act:

Type:	Ordinary Shares
Class/Description:	Ordinary fully paid shares
Date of Issue:	15 February 2012
Number Issued:	30,000,000
Issue Price per Security	5 cents per share

The Company has applied to ASX Limited for quotation of the above shares.

As at the date of this notice, the Company has complied with:

(a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and (b) section 674 of the Corporations Act.

Other information which is excluded information required to be disclosed under paragraph (6)(e) of section 708A of the Corporations Act: None.

For and on behalf of Challenger Energy Limited

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Adrien Wing Company Secretary

Address Level 17, 500 Collins Street, Melbourne, VIC, 3000 Tel + 61 3 9614 0600 Fax +61 3 9614 0550 Email admin@challengerenergy.com.au Web www.challengerenergy.com.au ACN 123 591 382