HYTERRA LTD — Share Issue/Capital Change 2012

May 27, 2012

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28 May 2012

The Manager Company Announcements Office Australian Securities Exchange Ltd 4th Floor, 20 Bridge Street SYDNEY NSW 2000

OPTION EXPIRY NOTICE

Please find the attached Option Expiry Notice sent to options holders today.

The Company confirms that the final day for trading this series of options (ASX: TNPOA) will be 22 June 2012.

Yours faithfully

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JAMES ROBINSON Company Secretary

Triple Energy Ltd Suite 9, 1200 Hay Street West Perth WA 6005 Mobile +61 408557821 Office +61 864604960 Email underwoodpw@tripleenergy.net Web www.tripleenergy.net

TRIPLE ENERGY LIMITED

ABN 68 116 829 675

REGISTERED OFFICE TRIPLE ENERGY LIMITED SUITE 9 1200 HAY STREET WEST PERTH WA 6005

SHARE REGISTRY Security Transfer Registrars Pty Ltd All Correspondence to: PO BOX 535, APPLECROSS WA 6953

Tel (08) 9315 2333 Fax (08) 9315 2233 EMAIL: registrar@securitytransfer.com.au

28 May 2012

Dear Option Holder

YOUR OPTIONS TO ACQUIRE TRIPLE ENERGY LIMITED SHARES AT $0.06 PER SHARE EXPIRE ON 30 June 2012

We are writing to you as a registered holder of TNPOA 30 June 2012 options in TRIPLE ENERGY LIMITED to remind you that the options will expire at 5:00pm (WST) on 30 June 2012.

Your option holding may be exercised in whole or in part by payment of $0.06 for each option by no later than 30 June 2012. If payment is not received by 5:00pm (WST) on 30 June 2012 the options will lapse and all rights under the options will cease at that time.

Some of the courses of action available to you as a holder of these soon to expire options are:

• a) Exercise the options on or before 30 June 2012.

• b) Sell your options. Quotation of the options will cease at the close of trading on 22 June 2012.

• c) Do nothing (ie, allow your options to expire). If you do not exercise or sell your options they will expire on 30 June 2012 and your right to subscribe for ordinary shares in TRIPLE ENERGY LIMITED at $0.06 per share will lapse.

There is no obligation on option holders to exercise their options. However, under paragraph 6.1 of Appendix 6A of the Australian Securities Exchange ( ASX ) Listing Rules, the Company is required to advise option holders of the information contained in this notice.

The market sale price of ordinary shares in TRIPLE ENERGY LIMITED on ASX was 1.5 cents on 25 May 2012, being the last trading day in Perth prior to the date of this notice.

During the three (3) months preceding the date of this notice:

• the highest market sale price of ordinary shares on ASX was 2.5 cents on 19 March 2012; and

• the lowest market sale price of ordinary shares on ASX was 1.5 cents on 25 May 2012.

If you wish to exercise your options then you must complete your “Notice of Exercise of Options” form on the reverse of this notice and forward it together with payment of $0.06 per option exercised to be received no later than 5:00pm (WST) on 30 June 2012 to the Company’s share registry, being:

Security Transfer Registrars Pty Ltd PO Box 535 OR 770 Canning Highway APPLECROSS WA 6953 APPLECROSS WA 6153

Cheques should be made payable to “ TRIPLE ENERGY LIMITED ” in Australian dollars only and should be crossed “Not negotiable”. If you have any further questions please do not hesitate to contact our Registry on telephone (08) 9315 2333, facsimile (08) 9315 2233, or e-mail registrar@securitytransfer.com.au.

Yours faithfully

James Robinson

COMPANY SECRETARY

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NOTICE OF EXERCISE OF OPTIONS

THIS DOCUMENT IS IMPORTANT. IF YOU ARE IN DOUBT AS TO HOW TO DEAL WITH IT, PLEASE CONTACT YOUR STOCK BROKER OR LICENSED PROFESSIONAL ADVISOR.

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TRIPLE ENERGY LIMITED

REGISTERED OFFICE:

SUITE 9 1200 HAY STREET WEST PERTH WA 6005 AUSTRALIA

ABN: 68 116 829 675

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SHARE REGISTRY: Security Transfer Registrars Pty Ltd All Correspondence to: PO BOX 535, APPLECROSS WA 6953 AUSTRALIA 770 Canning Highway, APPLECROSS WA 6153 AUSTRALIA T: +61 8 9315 2333 F: +61 8 9315 2233 E: registrar@securitytransfer.com.au W: www.securitytransfer.com.au

ASX Code: TNPOA Holder Number: Number of Options: Amount Payable:

NOTICE OF EXERCISE OF OPTIONS EXPIRING 30 JUNE 2012 @ $0.06 EACH

I/We the above named being the registered holder of Options hereby exercise such Options to subscribe for:

NUMBER	NUMBER	NUMBER	OF NEW	OF NEW	OF NEW	ORDINARY FULLY	ORDINARY FULLY	ORDINARY FULLY	ORDINARY FULLY	ORDINARY FULLY	ORDINARY FULLY	ORDINARY FULLY	ORDINARY FULLY	PAID SHARES	PAID SHARES	PAID SHARES	PAID SHARES			AMOUNT	AMOUNT	AMOUNT	AMOUNT	ENCLOSED	ENCLOSED	ENCLOSED	ENCLOSED	ENCLOSED	@	$0.06	$0.06	$0.06	PER SHARE	PER SHARE	PER SHARE	PER SHARE	PER SHARE
				,						,								$				,						,						.

I/We hereby authorise you to place my/our name(s) on the register of members in respect of the number of New Shares allotted to me/us, and I/we agree to accept such Shares subject to the Rules of the Constitution of the Company.

My/Our contact details in case of enquiries are:

NAME

TELEPHONE NUMBER ( )

EMAIL ADDRESS

@ PAYMENT INFORMATION Biller Code: 159483 CHEQUE/MONEY ORDER Ref:

All cheques (expressed in Australian currency) are to be made payable to TRIPLE ENERGY LIMITED and crossed "Not Negotiable". Do not forward cash as receipts will not be issued.

BPAY® this payment via internet or phone banking. Your BPAY® reference number is unique to this offer and is not to be used for any other offer.

Sufficient cleared funds should be held in your account as your acceptance may be rejected if your cheque is dishonoured. Cheques or bank drafts drawn on overseas banks in Australian or any foreign currency will NOT be accepted. Any such cheques will be returned and the acceptance deemed to be invalid.

Applicants should be aware of their financial institution's cut-off time (the time payment must be made to be processed overnight) and ensure payment is processed by their financial institution on or before the day prior to the closing date of the offer. BPAY applications will only be regarded as accepted if payment is received by the registry from your financial institution on or prior to the closing date. It is the Applicant's responsibility to ensure funds are submitted correctly by the closing date and time.

REGISTRY DATE STAMP Individual or Securityholder 1 Securityholder 2 Securityholder 3 E & O.E. Sole Director & Company Secretary Director/Company Secretary Director

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