ECHELON RESOURCES LIMITED — Earnings Release 2022

Aug 25, 2022

Appendix 4E

==> picture [9 x 9] intentionally omitted <==

==> picture [42 x 13] intentionally omitted <==

==> picture [60 x 13] intentionally omitted <==

FOR THE YEAR ENDED 30 JUNE 2022 AS REQUIRED BY ASX LISTING RULE 4.3A

RESULTS FOR ANNOUNCEMENT TO THE MARKET

All comparisons to year ended 30 June 2021	NZ Dollars $m	Up/down	Movement %
Revenue from ordinary activities	$83.9	Up	133%
Revenue from ordinary activitiesexcluding interest income	$83.8	Up	133%
Proft after tax from ordinary activities(including signifcant items)	$17.2	Up	139%
Underlying proft after tax(excluding signifcant items)	$17.2	Up	139%

The company does not propose to pay a dividend for the year ended 30 June 2022

							30 June 2022	30 June 2021
Net	tangible	assets	per	security	NZ	Dollars	$0.92	$0.61

Additional information supporting the Appendix 4E disclosure requirements can be found in the 30 June 2022 Audited Financial Statements and accompanying notes and the Full Year Results Announcement.

New Zealand Oil & Gas Ltd Level 1, 36 Tennyson St, Wellington 6011, New Zealand +64 4 495 2424