INVICTUS ENERGY LTD — Capital/Financing Update 2017

Mar 12, 2017

INTERPOSE HOLDINGS LIMITED

ASX ANNOUNCEMENT

March 13, 2017

Gallatin Gas-Condensate project update (7.5% WI to IHS)

Interpose is pleased to advise that as of Sunday March 12th, US time, the Christine Keahey #1 well (CK#1) has reached target depth of 9,380 feet. Currently operations are circulating and conditioning the hole awaiting arrival of a logging unit expected in the next 36 hours. The CK#1 well will test the possibility of a potentially productive section of the Pettit formation that lies across the prospect area from 8,000 to 9,000 feet. The well is targeting potential reserves of 5bcfg and 70,000 BO. .

About the Gallatin project

IHS acquired a 7.5% working interest with a 25% back in after payout to the project generator. IHS dry hole cost estimated at USD$73,762. Completion costs of USD$23,000 estimated if a successful well. IHS will earn a 7.5% WI in 1,074 acres covering the project area AMI. Net Revenue Interest of 75%.

The company will keep the market informed of progress and results from the CK#1 well as they come to hand.

For further information contact

Barnaby Egerton-Warburton Director + 618 9467 4220 + 1 214 377 1396

About Interpose Holdings Ltd

To pursue low risk oil & gas projects and partner with reputable and proven oil & gas sector operators to build a portfolio or producing projects and at a reasonable entry and risk cost to the company’s shareholders.

Interpose Holdings Limited – ACN 150 956 773 www.interposeholdings.com 50 Ord Street, West Perth, WA 6005