EMERALD RESOURCES NL — Director's Dealing 2012

Aug 1, 2012

==> picture [255 x 77] intentionally omitted <==

Suite 2, 12 Parliament Place, West Perth WA 6005 Ph: 08 9482 0510 Fax: 08 9482 0505 Web:info@emeraldoilandgas.com www.emeraldoilandgas.com

2 August 2012

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

Dear Sir,

RESIGNATION OF DIRECTOR

Please find attached an Appendix 3Z “Final Director’s Interest Notice” for Nathan Featherby who has resigned from the board of Emerald Oil and Gas NL, effective immediately, in order to pursue other interests.

The Company wishes to express its thanks to Mr Featherby for his valuable contribution to the Company.

Yours sincerely,

For and on behalf of Emerald Oil and Gas NL

==> picture [235 x 58] intentionally omitted <==

Morgan Barron

Company Secretary

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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	Emerald Oil and Gas NL
ABN	72 009 795 046

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Nathan Featherby
Date of last notice	3 October 2011
Date that director ceased to be director	2 August 2012

Part 1 – Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

Nil.

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

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

	Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interest	Number & class of securities

Part 3 – Director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 3

11/3/2002