The Board of Red Emperor Resources NL provided a further operational update with respect to preparations for the drilling of the Winx-1 exploration well, located on the Western Blocks, North Slope of Alaska. Highlights: Ice road construction for the Winx-1 exploration well has commenced; Winx-1 Permit to Drill submitted on schedule; Spud of the Winx-1 exploration well on schedule for mid-late February 2019. The company announced that 88 Energy Limited, in its capacity as consortium operator, has commenced construction of the approximately 11-mile (18 kilometer) ice road required for mobilization of the drill rig. It is estimated that the ice road will take approximately 3 weeks to complete after which construction of the ice pad, from which the Nordic Rig#3 will drill the Winx-1 well, will commence. In addition, RMP is pleased to advise that the requisite application for a Permit to Drill for the Winx-1 exploration well was submitted on schedule to the Alaska Oil and Gas Conservation Commission (AOGCC) prior to the 2018 calendar year end. Most importantly, all logistics and permitting remains on schedule for a mid-late February 2019 spud date. Additional details of the expected drilling and testing programme will be released in due course. The Winx prospect is a 3D seismic defined conventional oil prospect in the successful Nanushuk play fairway with a gross mean unrisked prospective resource of 400 million barrels ("MMbbls") (126MMbbls net to Red Emperor) and is adjacent to the Horseshoe 1/1A discovery well drilled by the Armstrong/Repsol JV in 2017.