TRIANGLE ENERGY (GLOBAL) LIMITED — Capital/Financing Update 2011

Dec 4, 2011

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Triangle Energy (Global) Limited

ABN

52 110 411 428

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be A. Fully Paid Ordinary Shares issued B. Unlisted Options C. Unlisted Share Rights with Performance Vesting Criteria granted under the the TEG Employee Rights Plan approved by shareholders at the Company’s AGM held on 26 November 2010 (Rights Plan). 2 Number of[+] securities issued or to A. 66,666,667 be issued (if known) or maximum B. 16,666,667 number which may be issued C. 15,000,000 3 Principal terms of the[+] securities A. Ordinary shares (eg, if options, exercise price and B. $0.03 exercise price, expiry 30 June 2012 expiry date; if partly paid C. Rights vest upon renewal of the Pase PSC +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

Appendix 3B New issue announcement

4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: � the date from which they do � the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment � the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable)	A. The shares will rank equally with existing ordinary fully paid shares. B. Prior to exercise the Options do not carry a right to vote, receive dividends or generally participate in other corporate actions. Ordinary shares issued on exercise of the Options will rank equally with existing ordinary shares. C. Prior to vesting, the Share Rights do not carry a right to vote, receive dividends or generally participate in other corporate actions. Ordinary shares issued on vesting of the Share Rights will rank equally with existing ordinary shares and have a 12 month holding lock.	A. The shares will rank equally with existing ordinary fully paid shares. B. Prior to exercise the Options do not carry a right to vote, receive dividends or generally participate in other corporate actions. Ordinary shares issued on exercise of the Options will rank equally with existing ordinary shares. C. Prior to vesting, the Share Rights do not carry a right to vote, receive dividends or generally participate in other corporate actions. Ordinary shares issued on vesting of the Share Rights will rank equally with existing ordinary shares and have a 12 month holding lock.
	A. $2,000,000 B. $Nil C. $Nil
	A&B Issue of 66,666,667 shares together with 16,666,667 options in order to provide working capital for the Company. C Issue of 15,000,000 Share Rights in accordance with the terms and conditions of the Rights Plan.
	29 November 2011
	Number	+Class
	1,424,475,458	Ordinary shares

• See chapter 19 for defined terms.

Appendix 3B Page 2

24/10/2005

Appendix 3B New issue announcement

Number +Class 9 Number and +class of all 16,666,667 Unlisted options +securities not quoted on ASX expiring 30 June 2012 ( including the securities in clause with an exercise price of 2 if applicable) $0.03 49,250,000 Rights granted under Employee Rights Plan subject to performance vesting criteria.

• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Options – not applicable Share Rights – not applicable. Shares - dividend policy will be the same as that applicable to other fully paid ordinary shares.

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or nonrenounceable? 13 Ratio in which the[+] securities will be offered 14 +Class of +securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has[+] security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations

• See chapter 19 for defined terms.

1/1/2003

Appendix 3B Page 3

Appendix 3B New issue announcement

20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell_part_ of their entitlements through a broker and accept for the balance?

• See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

Appendix 3B New issue announcement

• 32 How do[+] security holders dispose of their entitlements (except by sale through a broker)?

• 33 +Despatch date

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) R Securities described in Part 1

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

• 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

• 1 - 1,000

1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

1/1/2003

Appendix 3B Page 5

Appendix 3B New issue announcement

Entities that have ticked box 34(b)

ntities that have ticked box 34(b)
38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: � the date from which they do � the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment � the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) 42 Number and+class of all+securities quoted on ASX (_including_the securities in clause 38)
	Number	+Class

• See chapter 19 for defined terms.

Appendix 3B Page 6

1/1/2003

Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Company secretary)

Date: ..2 December 2011.

Print name: ..Raewyn Clark............

== == == == ==

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 7

TRIANGLE ENERGY (GLOBAL) LIMITED

ABN 52 110 411 428

ASX Announcement

Notice given under section 708A(5)(e) of the Corporations Act 2001 (Cth)

On 29 November 2011, Triangle Energy (Global) Limited (ASX: TEG) (Triangle Energy) issued 66,666,667 shares (New Shares) for $0.03 consideration to Ucan Nominees (New Shares).

Triangle Energy gives notice under section 708A(5)(e) of the Corporations Act that:

• 1 Triangle Energy issued the New Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

• 2 this notice is being given by Triangle Energy under section 708A(5)(e) of the Corporations Act;

• 3 as at the date of this notice, Triangle Energy has complied with:

• (1) the provisions of Chapter 2M of the Corporations Act as they apply to Triangle Energy; and

• (2) section 674 of the Corporations Act; and

• 4 as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.

Signed for and on behalf of Triangle Energy by:

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Raewyn Clark Company Secretary

APAC-#8465665-v1