OEX.L Regulatory News (OEX)

1 Sep 2009 07:00

Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.Name of entity OILEX LTD ABN 50 078 652 632

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

+Class of +securities issued Unlisted Options or to be issued Number of +securities issued 2,300,000 or to be issued (if known) or maximum number which may be issued Principal terms of the Unlisted Advisers Options +securities (eg, if options, exercise price and expiry 2,000,000 Options @ $0.30 Expiring 30 date; if partly paid June 2011 +securities, the amount outstanding and due dates Unlisted Employee Options for payment; if +convertible securities, the conversion 300,000 Options @ $0.30 expiring 1 July price and dates for 2014 conversion) Do the +securities rank Yes once exercised equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Issue price or consideration Nil Purpose of the issue Issue of unlisted options to advisors as part of the terms of agreement for (If issued as consideration corporate advisory services in lieu of for the acquisition of advisory fees assets, clearly identify those assets) Issue of unlisted options to employee as part of annual remuneration review Dates of entering 31 August 2009 +securities into uncertificated holdings or despatch of certificates Number +Class Number and +class of all 176,074,885 Ordinary Shares +securities quoted on ASX (including the securities in clause 2 if applicable) Number +Class Number and +class of all +securities not quoted on 500,000 $1.50 Options due 31/10/2009 ASX (including the 500,000 $1.75 Options due 31/10/2009 securities in clause 2 if 4,250,000 $0.80 Options due 14/12/2009 applicable) 500,000 $1.00 Options due 31/12/2009 3,000,000 $1.50 Options due 31/12/2009 450,000 $1.40 Options due 31/01/2010 400,000 $2.00 Options due 31/01/2010 4,500,000 $0.50 Options due 31/03/2010 300,000 $1.75 Options due 31/03/2010 350,000 $1.60 Options due 30/04/2010 350,000 $2.10 Options due 30/04/2010 775,000 $0.90 Options due 31/07/2010 500,000 $2.00 Options due 31/10/2010 400,000 $2.50 Options due 31/01/2011 2,500,000 $2.00 Options due 31/03/2011 300,000 $2.25 Options due 31/03/2011 350,000 $2.70 Options due 30/04/2011 900,000 $1.75 Options due 30/06/2011 900,000 $2.25 Options due 30/06/2011 2,000,000 $0.30 Options due 30/06/2011 3,900,000 $2.00 Options due 01/07/2011 3,900,000 $2.50 Options due 01/07/2011 500,000 $1.57 Options due 30/09/2011 300,000 $2.75 Options due 31/03/2012 900,000 $2.75 Options due 30/06/2012 3,250,000 $0.30 Options due 01/07/2014 2006 Performance Rights 40,000 Tranche 1 expire 1/07/2011 2007 Performance Rights 120,000 Tranche 1 expire 1/07/2012 120,000 Tranche 2 expire 1/07/2012 120,000 Tranche 3 expire 1/07/2012 2008 Performance Rights 84,000 Tranche 1 expire 1/07/2013 35,000 Tranche 2 expire 1/07/2013 36,000 Tranche 3 expire 1/07/2013 Dividend policy (in the N/A case of a trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue [Item 11 to 33 - Not Applicable]

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation ofsecurities34 Type of securities (tick one) (a) Yes Securities described in Part 1 (b) No All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a) [Items 35 to 42 - Not Applicable]

Additional securities forming a new class of securities

Quotation agreement

1. +Quotation of our additional +securities is in ASX's absolute discretion.

ASX may quote the +securities on any conditions it decides.

11. We warrant the following to ASX.

* The issue of the +securities to be quoted complies with the law and is not for an illegal purpose. * There is no reason why those +securities should not be granted +quotation. * An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

* Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted. * We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted. * If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

12. We will indemnify ASX to the fullest extent permitted by law in respect of

any claim, action or expense arising from or connected with any breach of

the warranties in this agreement.

13. We give ASX the information and documents required by this form. If any

information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ...................................................... Date: 31 August 2009

(Company Secretary)Print name: Jay LaurieAppendix 3Y

Change of Director's Interest Notice

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

+ See chapter 19 for defined terms.

1/1/2003 Appendix 3B Page 3 Appendix 3B New issue announcement