ELIXIR ENERGY LIMITED — M&A Activity 2007

Oct 28, 2007

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Telephone: +61 8 9440 2650 Facsimile: +61 8 9440 2699

26 October 2007

Company Announcements Office ASX Limited

By e-Lodgement

Dear Sir / Madam

FEDERAL COURT ORDER LODGED WITH ASIC

Further to the announcements lodged yesterday, Gawler Resources Limited (“Gawler”, ASX:GRL) confirms that the court order approving the schemes of arrangement between Gawler and its share and option holders has been lodged with the Australian Securities and Investments Commission.

Upon lodgement, the schemes became legally effective. A copy of the court order follows.

The record date for determining entitlements to Elixir Petroleum Limited shares and options will be be 5 November 2007 , and the implementation date for the schemes will be 12 November 2007 .

Yours sincerely Gawler Resources

Alex Neuling COMPANY SECRETARY

This report contains some references to forward looking assumptions, estimates and outcomes. These are uncertain by nature and no assurance can be given by Gawler that its expectations, estimates and forecast outcomes will be achieved.

Gawler Resources Ltd Level 20, 77 St Georges Terrace, Perth WA 6000 GPO Box 2530 Perth WA 6001