CORELLA RESOURCES LTD — Capital/Financing Update 2008

Jan 10, 2008

REGISTERED OFFICE Ground floor, 47 Stirling Hwy NEDLANDS, Western Australia 6000 Ph: +61 (0) 8 9389 9400 Fax: +61 (0) 8 9389 8700 Email: info@exoma.net ABN 125 943 24

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ASX Release

9 January 2008

Mr Matthew Foy Australian Stock Exchange Level 8, Exchange Plaza 2 The Esplanade, Perth Western Australia 6000

Completion of Anadarko Basin Sale and Purchase Agreement

Dear Sir,

Exoma Energy Ltd is pleased to announce the payment of the balance outstanding from the Sales & Purchase Agreement dated 27 July, 2007 between Exoma Energy Ltd and Antares Energy Company USA. During this period Exoma Energy Limited assigned its interest in the acquisition to Exoma Energy Company, its wholly owned, Texas-based subsidiary.

The transfer of ownership for the South Goodwin (Anadarko Basin) assets in Oklahoma and Texas, USA; has now been completed with an effective date of 1[st] December 2007. From the effective date, Exoma Energy Company has been the beneficial recipient of net annualised earnings of approximately US$1.200 million.

Yours sincerely,

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Brendan Egan Executive Director