ASX/MEDIA RELEASE 25 March 2021

Notice in accordance with Section 708A(5)(e)

of the Corporations Act 2001 (Cth)

Warrego Energy Limited ("Warrego" or "the Company") advises the Australian Securities Exchange ("ASX") that it gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Act") that:

  • 1. On 25 March 2021 Warrego issued 52,000 fully paid ordinary shares ("Shares") to option holders following the exercise of unlisted options.

  • 2. Warrego issued the Shares without disclosure to investors under Part 6D.2 of the Act.

  • 3. As at the date of this notice, Warrego has complied with:

    • a. the provisions of Chapter 2M of the Act as they apply to Warrego; and

    • b. section 674 of the Act.

  • 4. As at the date of this notice, there is no information to be disclosed that is "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Act. The Company otherwise notes that regular updates to the market in relation to the current drilling of the WE-4 well (and most recently on 25 March 2021) are being provided. WE-4 is located within EP469, in which the Company has a 50% interest, with Strike Energy Limited (ASX:STX) being the operator of the joint venture and holding the remaining 50% interest. The Company will continue to keep the market informed of drilling at WE-4 in accordance with its continuous disclosure obligations.

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Authorised by the Board of Warrego Energy Limited and issued in accordance with the Company's disclosure policy.

About Warrego Energy Limited

Founded in 2007, Warrego secured 100% of EP469 located onshore Perth Basin, Western Australia, in 2008. Warrego farmed out 50% of the block and operatorship in 2018 to Strike Energy Limited. In March 2019, Warrego completed a reverse takeover of Petrel Energy Limited which was renamed Warrego Energy Limited, the ASX listing being retained. Warrego is now focused on the development of onshore assets in Western Australia and Spain. Warrego was added to the ASX All Ordinaries Index from 22 June 2020.

For further information contact:

United Kingdom

Australia

Dennis Donald

David Biggs

Managing Director & Group CEO

Executive Director & CEO Australia

+44 7961 897 894

+61 427 772 924

investors@warregoenergy.com

investors @warregoenergy.com

Matt Sullivan

Meridian Investor Relations

+61 412 157 276

meridianir@outlook.com

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Disclaimer

Warrego Energy Limited published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 00:46:05 UTC.