Hussar EP513 Update

Georgina Energy Plc, GEX.L wishes to provide the following drilling approval update.

EP513 Hussar

Drilling Approval: The Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has received the following approvals from the Department of Energy, Mines, Industry Regulation and Safety ("DEMIRS"):

• Application STP-EPS-0482 for Suspension and Extension has been approved as per section 97 of PGERA67
• Application STP-EPV-0202 permit year 2 variation to minimum work program has been approved as per section 97 of PGERA67

The Company has also received a formal request from DEMIRS to provide further information for the Hussar Well Management Plan in support of its drilling approval application within the expanded EP513 target area. Georgina anticipates providing the requested additional information shortly which includes the casing design and program as well as the management of any formation materials brought to the surface from drilling, well testing or production. The Company has completed all the required reports and proposed development documentation, which is currently under review by the relevant regulatory authorities as part of the permit approval process.

Permit Status: Westmarket Oil & Gas anticipates that once the further information has been provided and assessed then pursuant to regulation 13(1)c of the RMAR (Resource Management and Administration Regulations) DEMIRS will issue the requested drilling approval. Once approval has been granted, the Company will undertake repairs at the Hussar airstrip, access roads and begin to construct drilling and camp location pads together with water wells.

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"Georgina continues to focus on multiple workstreams to fulfil obligations for the Hussar drilling permit approval and completion of the Mt Winter acquisition along with implementing preparation of the re-entry plans for Mt Winter. Concurrently, we have continued negotiations for the additional re-entry targets with further announcements to follow."