Messrs Mathew Walker, Timothy Allen Johnston and Mordechai Benedikt have been appointed to the Board of World Oil Resources Ltd., effective 13 June 2013. The Board considers that the new directors, who are experienced in public company management and who collectively possess a blend of technical and financial and corporate expertise, will be central to the implementation of World Oil's forward strategies under the leadership of Mathew Walker, Chairman. Mr. Walker has extensive experience in public company management and in the provision of corporate advice.

Currently he serves as a Director of West Peak Iron Limited and Chairman of Jernigan Commodities Limited and Blue River Mining Limited. He is also Chairman of corporate advisory firm Cicero Corporate Services. Mr. Walker is a member of the Australian Institute of Company Directors.

Mr. Johnston is currently President of Energy Financial Management Inc., which provides resources entities with their accounting, administration and taxation requirements. Mr. Johnston is also President of Oklahoma Energy Consultants Inc., which advises international clients on the acquisition and administration of oil and gas properties in North America. Mordechai Benedikt is an experienced businessman who has an extensive background in food imports.

In addition, he is active in export trade to Asia. More recently, Mr. Benedikt has been involved in the Melbourne commercial property market and public sector.