CORELLA RESOURCES LTD — Capital/Financing Update 2012

Sep 26, 2012

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27 September 2012

ASX Announcement

Exoma Spuds Fittleworth‐1 Shale Exploration Well

Exoma Energy Limited (ASX: EXE) is pleased to announce that it has spudded Fittleworth‐1, the eleventh well of the Galilee Joint Venture’s 2012 exploration program. This well will be drilled using EDA Rig #1.

The well will be a test of the Toolebuc shale.

Well Name	Fittleworth‐1
Permit	ATP 1005P
Location	Galilee Basin, approximately 30km south of Longreach, Queensland.Details are shown on the attached map.
Target	Target: Oil and gas in the Toolebuc shale. The well will be coredthrough the Toolebuc shale section and the core will be subject tolaboratory analysis.On completion of coring, the well will be deepened to provide depthcontrol to local seismic data.
Planned Depth	Top Toolebuc Shale:537 mPlanned total depth1,159 m

Exoma has a 50% beneficial interest in both ATP 1005P and the Fittleworth‐1 well. CNOOC Galilee Gas Company Pty Ltd is earning its participating interest by a farm‐in whereby CNOOC provides the first $50 million of joint venture expenditures on Exoma’s five Galilee Basin ATP’s.

FOR FURTHER INFORMATION

Rob Crook Chief Executive Officer +61 7 3226 5600

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