TALIUS GROUP LIMITED — Capital/Financing Update 2016

Apr 17, 2016

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ASX ANNOUNCEMENT 18[th] April 2016

Cancellation of Offer to Sell Interest in Lands and Leases Held in Martin County, Texas, USA

Antilles Oil and Gas NL ( Antilles or the Company ) would like to inform the market that the transaction to sell 100% of its right, title and interest in a number of lands and Oil, Gas and Mineral Leases located in Block 35, T2N, Martin County, Texas USA is no longer proceeding.

The initial due diligence performed by the potential purchaser XTO Energy Inc was not supported in final due diligence. The interests and mineral leases that were the subject of the transaction appear to have previously been assigned by the prior owners and management of the Company.

XTO Energy had conducted its own land dealings and title searches prior to making the offer and based their offer on these searches. The Company has since conducted its own due diligence in the US and looked into previous land dealings and informed XTO Energy that there is a risk that the leases are not currently held by the Company and likely to have been dealt out in 2009. Based on that and the need for further land dealing searches to confirm either way, both parties have agreed that the transaction cannot proceed.

For further information contact the Company Secretary for Antilles, Mr Ranko Matic, on +61 (08) 9226 4500.

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Level 3, 216 St Georges Terrace Perth WA 6000 PO Box 7775 Cloisters Square Perth WA 6850

abn: 62 111 823 762 tel: +61 8 9226 4500 fax: +61 8 9226 4300 antillesoilandgas.com.au