Drillsearch Energy Limited

ABN 73 006 474 844

Telephone +61 2 9249 9600

Facsimile +61 2 9249 9630 admin@drillsearch.com.au www.drillsearch.com.au Level 16, 55 Clarence Street Sydney NSW 2000

21 July 2014

Drillsearch Energy Limited (ASX Code: DLS) Unlisted Options Expire

Drillsearch wishes to advise that on 18 July 2014 following the testing of the performance hurdles, 55,279 unlisted options expired under the Long Term Incentive Plan 2011. The expired options were exercisable at 59.6 cents per share on or before 20 June 2018.
Following the expiry of these options, Drillsearch has on issue the following unlisted options:

Number

+Class

1,000,000

1,000,000

1,144,318

1,521,156

3,185,586

30/09/14 60.0 cent options

15/03/15 85.3 cent options

20/06/18 59.6 cent options

25/07/18 59.6 cent options

23/11/18 59.6 cent options

7,851,060

TOTAL OPTIONS

Jean Moore Company Secretary
distributed by