INTERRA RESOURCES LIMITED

Company Registration No. 197300166Z

SGX ANNOUNCEMENT

Trading Code: 5GI

13 August 2020

QUARTERLY UPDATE PURSUANT TO RULE 1313(2)

OF THE SGX-ST LISTING MANUAL

Interra Resources Limited (the "Company", and together with its subsidiaries, the "Group") has been placed on the watch-list due to the Financial Entry Criteria with effect from 5 December 2017.

Pursuant to Rule 1313(2) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual, the Board of Directors of the Company wishes to provide an update in respect of the quarter ended 30 June 2020.

Please refer to the Company's announcement of unaudited results for the first half ended 30 June 2020 released separately today for information regarding the financial position, operational activities, material developments and future direction of the Group.

The Company will continue to make efforts and consider various options to meet the requirements of Rule 1314 of the SGX-ST Listing Manual for its removal from the watch-list within 36 months from 5 December 2017, and will update shareholders on any material developments and make such necessary announcements as and when appropriate.

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 (65) 6732 1711 Fax (65) 6738 1170 www.interraresources.com

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Interra Resources Limited published this content on 13 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2020 09:52:00 UTC