CORELLA RESOURCES LTD — Regulatory Filings 2011

Jan 17, 2011

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18 January 2011

Dear Shareholder

General Meeting 10 February 2011

It has come to the attention of Exoma Energy Limited that there is a typographical error in Resolution 2 contained in the Notice of Meeting dated 23 December 2010 (Notice of Meeting) in respect of the Shareholder Meeting which is to be held on 10 February 2011.

As announced on 9 December 2010 the farm-in transaction with CNOOC Galilee Gas Company Pty Ltd (CNOOC) involves an Option for a placement of 86,687,666 shares at 31.5 cents per share together with 86,687,666 options (each with a exercise price of 31.5 cents) (Placement). Resolution 2 seeks Shareholder approval for the Placement. As a result of a typographical error Resolution 2 seeks approval of a placement of shares at 0.315 cents per share together with 86,687,666 options (each with an exercise price of 0.315 cents).

Shareholders are accordingly advised that the Chairman of the Shareholder Meeting will move a motion to effect an amendment to Resolution 2 such that Shareholders approve the placement at 31.5 cents per share (together with one option for every one share subscribed for at 31.5 cents per option).

The form of the amended Resolution 2 is below.

"That in accordance with Listing Rule 7.1 and for all other purposes, Shareholders approve the allotment and issue of 86,687,666 fully paid ordinary shares at a subscription price of 31.5 cents per share and 86,687,666 options to subscribe for ordinary shares at an exercise price of 31.5 cents per option in accordance with the terms of the Option granted to CNOOC Galilee Gas Company Pty Ltd, or its nominee, on the terms and conditions in the Explanatory Memorandum."

Please contact the undersigned on 08 9225 9898 should you wish to discuss this amendment.

Yours faithfully Exoma Energy Limited Brian McGillivray Company Secretary

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