Regulatory News

16 August 2012

Wasabi Energy Limited

("Wasabi," "the Group" or "the Company")

Directors Dealings

Mr John Byrne related entities purchased 107,794,117 ordinary shares of the Company pursuant to the recently completed Rights Issue of the Company at 1.7c each on 16 August 2012.

Following the purchase of the shares, Mr John Byrne and his related entities now hold 325,579,070 ordinary shares representing 10.9% of the issued capital of the Company, along with 20,000,000 options exercisable at 1.6c each.

A Mr Robert Reynolds related entity purchased 9,411,765 ordinary shares of the Company pursuant to the recently completed Rights Issue of the Company at 1.7c each on 16 August 2012.

Following the purchase of the shares, Mr Robert Reynolds and his related entities now hold 29,354,392 ordinary shares representing 0.98% of the issued capital of the Company, along with 10,000,000 options exercisable at 1.6c each.

A Mr Robert Vallender related entity purchased 15,000,000 ordinary shares of the Company pursuant to the recently completed Rights Issue of the Company at 1.7c each on 16 August 2012.

Following the purchase of the shares, Mr Robert Vallender and his related entities now hold 20,106,438 ordinary shares representing 0.67% of the issued capital of the Company, along with 10,000,000 options exercisable at 1.6c each.

For further information, please contact:

Australian Enquiries

Mr. John Byrne / Diane Bettess

Wasabi Energy Limited

Ph: +61 (0)3 9663 7132

U.K. Investor Enquiries

Ivonne Cantu / Beth McKiernan

Cenkos Securities plc

Ph: +44 (0)207 397 8900 / +44 (0) 131 220 9778

U.K. Media Enquiries

Mr. Josh Royston / Ms. Hilary Millar

Newgate Threadneedle

Ph: +44 (0) 207 653 9850