OILEX LTD. : Resignation and Appointment of Company Secretary

30 January 2013
Company Announcements Office
ASX Limited
4th Floor
20 Bridge Street
Sydney NSW 2000

DILEX :T RESIGNATION ANO APPOINTMENT OF COMPANY SECRETARY

In accordance with Listing Rule 3.16, the Directors of Oilex Ltd hereby advise that Mr David Peterson has resigned as Company Secretary and Mr Robert lerace has been appointed as Company Secretary with immediate effect. As previously announced, Mr lerace will also commence employment as Chief Financial Officer from today.
Mr lerace is a Chartered Accountant with a strong background working with listed companies in the oil and gas and resources sectors. Most recently he was CFO and Company Secretary for Amadeus Energy Ltd, an ASX-Iisted oil and gas company, where he was responsible for financial compliance and corporate governance as well as implementation of the Company's business plans.
Mr lerace has proven financial management experience, including multiple joint venture accounting projects, and has also previously held senior finance roles with Kimberley Diamond Company NL, ARC Energy Ltd and Rio Tinto lron Ore.
Mr lerace's remuneration package includes the granting of 2,000,000 options comprising:
• 1,000,000 options with an exercise price of 15 cents expiring on the 30 January 2016 vesting on date of grant, and
• 1,000,000 options with an exercise price of 25 cents expiring on the 30 January 2017 vesting after 12 months service.
Oilex is pleased to welcome Mr lerace as an employee the Group, and we look forward to his contribution in advancing the development of our projects and enhancing our ability to add significant value for shareholders.

For and on behalf of the Board
Ron Miller
Director
For further information, please contact:

Oilex Ltd

Ron Miller, Director

oilex@oilex . com.au

[phone] (Australia)

RFC Ambrian Limited (Nominated Adviser and Joint AlM Broker)

Samantha Harrison [e-mail] +44 (O) 20 3440 6800 (UK)

N+1 Singer (Joint AlM Broker)

Jonny Franklin-Adams [e-mail] +44 (O) 20 7496 3000 (UK)

Tavistock Communications

Ed Portman [e-mail]

[phone]

[phone]

(UK)

(UK)

Mercury Consulting

David Greer david . greer@mercuryconsulting .com .au [phone] (Australia)

ABN SO 078 652 632

Level1,660 Newcastle Street, Leederville WA 6007 Australia, PO Box 38 Leederville WA 6902 Australia

Telephone:[phone] Facsimile: ([phone]

Email:[e-mail] . au Web: www.oi lex .com.au