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Entitlements Issue Eneabba Gas Limited (ENB or Company) is pleased to announce that it will undertake a 1 for 6 nonrenounceable entitlements issue to raise up to $1.24 million before expenses of the issue. The capital raised will be used to continue with its final drilling to delineate the physical site, for the lodgement of its UCG Pilot Plant with the joint venture with Cougar Energy Limited and development of its proposed gas-fired 168MW Centauri 1 Power Station project. Shareholders will be entitled to acquire one new ENB share for every six shares held at the record date at an issue price of $0.095per new share. Subject to any necessary approvals the Company will also grant one option for every three new shares subscribed for at no further consideration. Each option will be exercisable at $0.15 on or before 30 June 2013. Further details of the entitlements issue are included in the accompanying Appendix 3B. A disclosure document in relation to the entitlement issue will be lodged by the Company shortly. ENDS For further information please contact: Mark Babidge CEO & Managing Director Eneabba Gas Limited David Tasker Professional Public Relations T: 08 9388 0944 / 0433 112 936 E: david.tasker@ppr.com.au Website: www.eneabbagas.com.au About Eneabba Gas Limited Eneabba Gas is focused on the development of its 168MW gas-fired Centauri 1 Power Station on Company-owned land near Dongara in the Mid West of Western Australia. Eneabba Gas proposes to market power from Centauri 1 to the fast growing Mid West region of Western Australia. The Company’s strategic position is to convert the coal in its highly prospective tenement package in the Mid West Region of Western Australia into UCG Syngas for fuel. While UCG is the gasification of coal underground, it is the Company’s intention to capture the resultant CO2 (geo-sequestration), which may potentially be injected into an existing geological formation. This process will significantly reduce the total carbon footprint of the project, farming of land will remain relatively uninterrupted and water resources will be preserved. In other words, energy in the coal is extracted without the environmental impacts associated with traditional coal-mining.

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