EMERALD RESOURCES NL — Regulatory Filings 2007

Jun 24, 2007

Level 2, 16 Altona Street, West Perth WA 6005 PO Box 902, West Perth WA 6872 Ph: 08 9482 0510 Fax: 08 9482 0505 Web: www.emeraldoilandgas.com

25 June 2007

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

RELEASE FROM ESCROW

In accordance with Listing Rule 3.10A, Emerald Oil & Gas NL hereby confirms that 750,000 shares were to be released from Escrow on or about 22 June 2007. An Appendix 3B will be issued once the date of release has been confirmed.

Yours truly,

For and on behalf of Emerald Oil & Gas NL

kl a M

John Hannaford Executive Director - Finance