FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Capital/Financing Update 2014

Dec 29, 2014

ASX ANNOUNCEMENT 30[th] DECEMBER 2014

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EXPIRY OF PERFORMANCE RIGHTS

ASX RELEASE

Tellus Resources Ltd is an Australianbased oil, gas and mineral exploration company with licences in Utah, Madagascar, South Australia, Queensland and New South Wales.

Directors:

Robert Kennedy (Chairman) Carl Dorsch (Managing Director) Neil Young (Non-Executive Director)

Issued Shares:

298,848,295 ordinary shares

Tellus Resources Limited (“ Tellus ” or “ Company ”) wish to advise that the following unlisted rights over ordinary shares in the Company are due to expire tomorrow:

Exercise Price Expiry Date Number of Rights Nil 31 December, 2014 15,000,000*

• 15,000,000, when production testing of PEL 105 in either open or closed hole that can demonstrate an immediate flow capacity for the well in excess of a sustained minimum of 100 BOEPD for a period in excess of 7 days. Such test must be certified by a relevant expert in the field being either an independent consulting reservoir engineer or the contracted testing company, provided that such threshold is achieved on or prior to 31 December 2014;

Tellus Resources Ltd

ASX Code: TLU

T: +61 8 8100 9200 F: +61 8 8212 9291

Level 7, 28 Grenfell Street

(PO Box 190, Rundle Mall)

ADELAIDE 5000

SOUTH AUSTRALIA

Website: www.tellusresources.com.au

Enquiries :

Carl Dorsch +61 (0)400 508 088 carl.dorsch@tellusresources.com.au

TELLUS RESOURCES LTD - ASX Announcement

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