White Energy Company Limited (ASX:WEC) entered into a binding and conditional Share Sale and Purchase Agreement to acquire Fiddlers Creek Mining Company Pty Ltd for AUD 4.7 million on December 12, 2022. White Energy to buy 100% of Fiddler?s Creek Mining Company Pty Ltd and its two subsidiaries by issuing the Sellers 3 million ordinary shares in the capital of WEC, On the completion of a Pre-Feasibility Study for a project, the Sellers of Fiddler?s Creek are paid a AUD 2 million cash bonus within 30 days of this milestone being achieved, On the completion of a Definitive Feasibility Study for a project, the Sellers of Fiddler?s Creek are paid a further AUD 2 million cash bonus within 30 days of this milestone being achieve. White Energy to issue 1 million ordinary shares in the capital of WEC in settlement of certain liabilities assumed in the transaction for AUD 0.32 million, and Fiddler?s Creek will have no other significant liabilities on completion of the transaction. All shares issued are escrowed for periods of up to two years. The transaction is binding, subject to due diligence and other conditions precedent. The assets of Fiddler?s Creek primarily comprise exploration applications and licences/permits within the Tindal and Maranoa Projects as set out in the table below and the access to technology and expertise. Fiddler?s Creek Director, Keith Whitehouse, has been appointed to the Board of White Energy as an independent non-executive director, effective December 12, 2022. As of March 15, 2023. Due diligence has been completed and other conditions precedent are expected to be completed by the end of March 2023

White Energy Company Limited (ASX:WEC) completed the acquisition of Fiddlers Creek Mining Company Pty Ltd on May 31, 2023.