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EMERALD RESOURCES NL Capital/Financing Update 2011

Feb 16, 2011

64849_rns_2011-02-16_53a8fa00-45e0-4dc6-874e-729d6b303ac2.pdf

Capital/Financing Update

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==> picture [191 x 58] intentionally omitted <==

Suite 2, 12 Parliament Place West Perth WA 6005 Ph: +618 9482 0510 Fax: +618 9482 0505 Email: [email protected] www.emeraldoilandgas.com

17 February 2011

Centralised Company Announcements Platform Australian Stock Exchange 10[th] floor, 20 Bond Street Sydney NSW 2000

Attention: Elizabeth Harris

Dear Elizabeth,

Could you please place Emerald (EMR) in a Trading halt with immediate effect, pending a potential acquisition. Emerald envisages the trading halt to be lifted today.

Emerald is not aware of any reason why a trading halt should not be granted.

Any questions please call myself or Morgan Barron on 9482 0510.

Yours truly,

Emerald Oil & Gas NL

Tel: +618 9482 0510

MIKE KRZUS Managing Director [email protected]