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CORELLA RESOURCES LTD Regulatory Filings 2014

Jun 1, 2014

64703_rns_2014-06-01_eb772d41-6de4-4f49-b9bc-d3e52ec48ac8.pdf

Regulatory Filings

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2 June 2014

ASX Announcement

Approval of Later Work Programs

Exoma Energy Limited (ASX:EXE) provides the following update in regards to the status of the four Authorities to Prospect (ATPs 991, 996, 999 and 1005) held by the Galilee Joint Venture.

As previously advised, the first four year term for each of the ATPs expired on 31 August 2013. Exoma, as Operator of the Galilee Joint Venture, submitted later work program proposals in relation to the next four year term for the ATPs on 26 June 2013. See ASX releases of 11 September 2013 and 14 May 2014 for further background.

The Galilee Joint Venture has today received formal approval for the Later Work Programs for each of the ATPs from the Queensland Government Department of Natural Resources and Mines ( DNRM ). The Later Work Programs provide for 1 exploration well to be drilled in each ATP during the next three years. Leads and prospects for the ATPs are show on the attached map.

Exoma has previously indicated that it intends to further farmout its funding obligations in the permits. Further details will be announced when the arrangements are finalised.

Exoma remains committed and focussed on its strategy of pursuing new venture opportunities to expand and diversify its exploration portfolio and evaluating corporate transactions which have the potential to provide value to Exoma shareholders.

FURTHER INFORMATION