Elixir Petroleum Limited : Results of Unmarketable Parcel Program

9 March 2012

Company Announcements Platform Australian Securities Exchange Level 4

20 Bridge Street

SYDNEY NSW 2000

ABN 51 108 230 995

Elixir Petroleum Limited (Elixir) implemented an Unmarketable Parcel Programme (UPP) in December 2011 to provide an opportunity for certain eligible small shareholders to sell their shareholding without incurring any brokerage or handling costs, or in the case of Australian and New Zealand based small shareholders, the opportunity to instead top-up their shareholding, again without incurring brokerage or handling costs.
The UPP closed on 14 February 2012 with 2,484,610 ordinary shares (1.14% of issued share capital) to be sold by Elixir in the market on behalf of eligible small shareholders (Sale Shares).
Due the recent capital raising announced by the Company, Elixir was not able to initiate sales of the Sale Shares until 2 March 2012. The disposal of all Sale Shares has now been completed at an average realised price of $0.06 per share.
It is expected that cheques in respect of the sale proceeds will be dispatched to eligible shareholders by 16 March 2012.
Yours faithfully,

Julie Foster

ASX CODE: EXR www.elixirpetroleum.com

Elixir Petroleum Limited Level 20, 77 St George's Terrace PERTH WA 6000, AUSTRALIA

T: +61 8 9440 2650 F: +61 8 9440 2699 E: info@elixirpetroleum.com