EMERALD RESOURCES NL — Share Issue/Capital Change 2008

Aug 18, 2008

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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

19 August 2008

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

ASX ANNOUNCEMENT SECOND AND FINAL NOTICE OF INTENTION TO SELL NONMARKETABLE PARCELS OF SHARES IN THE COMPANY

Dear Sir,

Further to the initial notice of intention to sell non-marketable parcels (1 July 2008), the company announces that it has mailed the second and final notice to members having shareholdings of $500 or less.

Shareholders with non-marketable parcels wishing to retain or adjust their holding to be excluded from the sale must act before the 9 September 2008.

Any queries can be made to the Emerald Oil and Gas on (08) 9482 0510 or via email to admin@emeraldoilandgas.com.

Yours sincerely,

For and on behalf of Emerald Oil & Gas NL

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Morgan Barron

Company Secretary