Txo Regulatory News (TXO)

FOR IMMEDIATE RELEASE                                                                           5 March 2012

TXO PLC

("TXO" or the "Company")

RESULT OF ANNUAL GENERAL MEETING AND EXERCISE OF WARRANTS

Result of Annual General Meeting

At the Company's General Meeting held today, all resolutions were passed. 

As a result, the company has executed the agreement announced 17 February 2012.  TXO will be awarded by Empire Energy Corporation Inc., in recognition of previous support and introductions, 10 per cent carried interest in the ordinary share capital in the Special Purpose Vehicle that is applying for exploration licenses with the intent to develop identified Tasmania Basin black coal potential.

Exercise of Warrants

The Board of TXO has issued and allotted 3,00,000 new Ordinary Shares of 0.1p each at a price of 0.5p per Ordinary Share following receipt of a form of notice of exercise of warrants. The funds received by the Company on exercise of the warrants totalled £15,000.

The new Ordinary Shares will rank, pari passu, with the existing ordinary shares. Application has been made for these new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on or around 12 March 2012.

This brings the total number of Ordinary Shares in the Company with voting rights to 471,002,580.

For further information, please contact:

TXO PLC

Tim Baldwin, Chairman +44 (0) 20 7518 4300

Beaumont Cornish Limited

Roland Cornish and James Biddle +44 (0) 20 7628 3396