VOLTAIC STRATEGIC RESOURCES LTD — Major Shareholding Notification 2012

Dec 20, 2012

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ABN 66 138 145 114 16 Phillimore Street Fremantle, WA Tel: 08 9431 7306 Fax: 08 9430 4983

21 December 2012

The Manager Companies Company Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

By: e-lodgement (ASX code: IOG)

Dear Sir/Madam

SUBSTANTIAL SHAREHOLDER CHANGES

The following substantial shareholder change has taken place:

	No of Shares Held	Previous %’age	New %’age	Comment
Gerard McGann and Related Parties	24,340,004	15.6%	15.6%	Change of ownership between substantial shareholder related parties

Attached is a Form 604 (Notice of change in interest of substantial shareholder) from Gerard McGann which has been lodged with the Company.

By Order of the Board

SIMON ADAMS Company Secretary

CRP02 2012-12-21 Substantail Shareholder Changes

Page | 1

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme INCREMENTAL OIL AND GAS LIMITED

ACN/ARSN 138 145 114

1. Details of substantial holder(1)

Name

Gerard Joseph McGann and Related Parties

ACN/ARSN (if applicable)

There was a change in the interests of the 21 12 12 substantial holder on / / 29 06 12 The previous notice was given to the company on / / The previous notice was dated 29 06 12 / /

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY SHARES	24,340,004	15.64%	24,340,004	15.64%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
21/12/12	McGann Consulting Pty Ltd	Purchase of shares	$384,999.84	1,604,166 ORD
21/12/12	Mrs Rona McGann	Sale of Shares	($384,999.84)	(1,604,166 ORD)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6) Sustantial holder is a director	Class and number of securities	Person's votes
McGann Consulting Pty Ltd <McGann	McGann Consulting Pty Ltd <McGann	McGann Consulting Pty Ltd <McGann	and shareholder of the trustee and member and beneficiary of	16,815,640 ORD
S/Fund Portfolio A/	> S/Fund Portfolio A/C>	S/Fund Portfolio A/C>	the
Mrs Rona McGann	Mrs Rona McGann	Mrs Rona McGann	The registered holder is the spo of the substantial holder	use 7,524,364 ORD

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
McGann Consulting Pty Ltd S/Fund Portfolio A/C>	14 Eucla Court, North Fremantle WA 6159
Mrs Rona McGann	14 Eucla Court, North Fremantle WA 6159

Signature

GERARD McGANN print name

sign here

capacity SHAREHOLDER date 21 12 12 / /

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom`e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.