Interra Resources : Myanmar Drilling Update - CHK 1211 Completed as an Oil Producer

INTERRA RESOURCES LIMITED

Company Registration No. 197300166Z

SGX ANNOUNCEMENT

Counter Name: Interra Res (Code: 5GI)

30 August 2018

MYANMAR DRILLING UPDATE:

CHAUK DEVELOPMENT WELL CHK 1211

COMPLETED AS AN OIL PRODUCER

Interra Resources Limited ("Interra") wishes to inform shareholders that its joint venture entity, Goldpetrol Joint Operating Company Inc. ("Goldpetrol"), has completed development well CHK 1211 in the Chauk oil field in Myanmar as an oil producer.

Interra has a 60% interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60% of Goldpetrol which is the operator of the field. CHK 1211 was drilled using Goldpetrol's ZJ 450 rig, thus drilling costs were relatively low. Interra's share of the cost of drilling was funded from existing funds on hand.

CHK 1211 was drilled to a measured depth of 3,545 feet in the Chauk field North Fault Block as an offset well between two older current producers. The primary objective is to accelerate production from the oil reservoirs in this portion of the fault block.

CHK 1211 is the eighth well to be drilled in Myanmar in 2018 and following production testing, has been completed for 12 barrels of oil per day through casing perforations over 112 feet covering seventeen reservoirs.

By Order of the Board of Directors of

INTERRA RESOURCES LIMITED

Marcel Tjia

Chief Executive Officer

About Interra

Interra Resources Limited, a Singapore-incorporated company listed on SGX Mainboard, is engaged in the business of petroleum exploration and production (E&P). Our E&P activities include petroleum production, field development and exploration. We are positioning ourselves to become a leading regional independent producer of petroleum.

Interra Resources Limited 1 Grange Road #05-04 Orchard Building Singapore 239693 Tel [phone] Fax [phone]www.interraresources.com