Appendix 3B New issue announcement Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

WOLF PETROLEUM LIMITED

ABN

35 116 249 060

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 issued

a) Fully paid ordinary shares b) Listed options

c) Unlisted options


2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

a) 220,437,509 fully paid ordinary shares b) 13,500,000 listed options

c) 10,000,000 unlisted options


3 Principal terms of the

+securities (eg, if options,

exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

+convertible securities, the

conversion price and dates for conversion)

a) Fully paid ordinary shares

- 124,937,500 will be held in escrow for a period of 24 months from re-quotation

b) Listed options exercisable at $0.20 on or before 31/12/2015 (WOFO)

c) Unlisted options exercisable at $0.25 on or before 31/12/2016 held in escrow for a period of 24 months from re-quotation

+ See chapter 19 for defined terms.

01/08/2012 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: