ELIXIR ENERGY LIMITED — Director's Dealing 2008

Mar 24, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity ELIXIR PETROLEUM LIMITED ABN 51 108 230 995

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Jonathan Stewart
Date of last notice	27 November 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Aurora Oil & Gas Limited (“Aurora”)
(including registered holder)	Mr Stewart is a Director and indirect shareholder of Aurora,
Note: Provide details of the circumstances giving rise to the relevant interest.	which holds shares and options in Elixir Petroleum Limited.
	Jonathan Kingsley Stewart and
	Carolyn Ann Stewart <Epicure
	**Superannuation Fund> **
	Mr Stewart is a joint trustee and beneficiary of Epicure
	Superannuation Fund
Date of change	17 March 2008
No. of securities held prior to change	Aurora
	24,000,000 Fully Ordinary Shares
	Jonathan Kingsley Stewart and
	Carolyn Ann Stewart <Epicure
	**Superannuation Fund> **
	None
Class	Fully Paid Ordinary Shares
Number acquired	250,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$50,817
No. of securities held after change	Aurora 24,000,000 Fully Ordinary Shares Jonathan Kingsley Stewart and Carolyn Ann Stewart **Superannuation Fund> 250,000 Fully Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market purchase of 250,000 shares.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	n/a
Nature of interest	n/a
Name of registered holder (if issued securities)	n/a
Date of change	n/a
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	n/a
Interest after change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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