American Patriot Oil & Gas : Disclosure under ASX LR3.10.5A and 7.1A4(b)

AOW.ASX ANPOF.OTC

MARKET ANNOUNCEMENT

Disclosure under ASX LR3.10.5A and 7.1A4(b)

Melbourne, November 8, 2018, American Patriot Oil and Gas Ltd ("AOW") advises that following the Appendix 3B lodged on this day, the Company provides the below additional disclosure in relation to ASX Listing Rules 7.1A4(b) and 3.10.5A following the issue of 50,000,000 fully paid ordinary shares on this day:

(a) Details of the dilution to existing holders of ordinary securities caused by the issue:

• - Number of FPOs on issue prior to the placement was 564,557,563 FPOs.

• - Number of FPOs on issue post the allotment of FPOs under ASX Listing Rule 7.1 is 565,085,046 FPOs

• - Number of FPOs on issue post the allotment of FPOs under ASX Listing Rule 7.1A is 614,557,563 FPOs

• - Percentage of voting dilution post the issue under ASX Listing Rule 7.1A is 8.76%.

(b) The Company issued the relevant shares under ASX Listing Rule 7.1A as it considered that the Issue, was the most cost-efficient and expedient method available to it at the time for raising the funds required by the Company to achieve its objectives, given the funding certainty, investor enquiry and the pricing achieved under the Placement.

• (c) There were no underwriting arrangements for the issue.

• (d) There were no capital raising costs associated with this transaction.

For further information please contact:

American Patriot Oil and Gas: Or visit the website:

CEO Alexis Clark [phone].www.ap-oil.com

About American Patriot Oil and Gas

American Patriot Oil and Gas (AOW) is an oil and natural gas exploration and development (E&P) group headquartered in Melbourne, Australia, with a U.S. office in Houston, Texas. The Company is focused on developing a significant conventional oil and gas production company focused on assets in the Texas and Gulf Coast region. The company has announced a number of recent acquisitions with a focus on acquiring conventional producing properties with low operating costs onshore USA with reserve reports and significant production upside via shut in wells, workover potential, behind pipe potential and infill drilling upside.

American Patriot Oil and Gas Ltd	Level 1, 23 Oxford Street Oakleigh Vic 3166
ACN: 154 049 144	Ph: [phone] Fax: [phone]
Email:[e-mail] website:www.ap-oil.com	1