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EMERALD RESOURCES NL Major Shareholding Notification 2008

Apr 1, 2008

Major Shareholding Notification

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Level 2, 16 Altona Street West Perth WA 6005 Ph: 08 9482 0500 Fx: 08 9482 0505 Em: [email protected]

2 April, 2008

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

Please find attached a form 603 “Notice of initial substantial holder” for Emerald Oil and Gas NL.

Thank you.

Yours faithfully,

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Morgan Barron Company Secretary