SO4.L Regulatory News (SO4)

The Board of Wildhorse Energy Limited ('the Company' or 'Wildhorse') presents its December 2014 quarterly report, where the focus continued on restructuring the Company and operations with a view to substantially reducing costs and raising funds to place the Company in an improved position to progress its remaining project and to pursue new opportunities.

Highlights during, and subsequent to, the quarter were as follows:

· The Company substantially reduced costs for its operational and administrative functions and as announced on 28 October 2014, is now accessing options to divest its remaining Hungarian uranium project;

· The Company is now focused is on its remaining Golden Eagle Uranium Project in the USA;

· The Company completed a 1 for 30 consolidation of capital ('Consolidation') as approved by shareholders at the Annual General Meeting on Tuesday 25 November 2014, reducing the number of shares on issue to 13.6 million. Following the issue of shares as announced on 9 December 2014, the number of shares on issue is now 15,133,766;

· Following the completion of the Consolidation, the Company released a prospectus for a 5 for 1 pro rata renounceable entitlements issue to raise up to approximately $3.8 million before costs. The closing date for the offer is Friday 6 February 2015 (Tuesday 3 February 2015 for AIM holders);

· As announced on 28 January 2015, shareholders have again approved the participation of the Board in shortfall shares from the entitlements offer; and

· The Company continues in its efforts to identify and acquire suitable new business opportunities in the resource and other sectors both domestically and overseas.

The Board is confident that upon completion of the recapitalisation process, the new low cost structure will place the Company in a strong position to progress its current project and to pursue new opportunities in the resource and other sectors.

OPERATIONS

Golden Eagle Uranium and Vanadium Project

The Golden Eagle Uranium and Vanadium Project holds nine U.S. Department of Energy (DOE) Uranium/Vanadium Mining Leases, covering 22.7 km2 located in the Uravan Mineral Belt, Colorado USA.

Technical reports for a number of the lease have been drafted based on historic data, however, exploration drilling and core analysis need to be completed in order to finalise these reports. The leases will expire eight years after the courts complete their review of the Record of Decision (ROD) published this past spring in the Federal Register and the DOE allows the lease holders to resume activates on their leases.

It should be noted that the lease can be held beyond their expiration through continued renewals and the continuation of lease maintenance, including exploration work and future production. Historically these DOE leases have been renewed for 10 year periods after the expiration date; existing leases issued to past Lessee's have been renewed dating back to 1974.

Wildhorse also possesses an option on Gold Eagle Mining Inc (GEMI) leases; GEMI has three DOE properties of which two have active operating permits.

Upon completion of the recapitalisation process, the Company will undertake a staged and measured approach to advance this project, and will initially focus on a technical review of existing exploration information to determine the most appropriate manner to undertake further exploration activities.

Mecsek Hills Uranium Project

As part of the Company's ongoing restructuring efforts and decision to cease all activities in Europe, the Board resolved to divest of its holdings in the Mecsek Hills Uranium Project. As a result, the Company is continuing with its efforts to divest of its interest in this Project to extract the best value for shareholders. It is also noted that with effect from 31 December 2014, the Hungarian government has deemed the Project joint venture entity ("Magyar Uran Zrt") a company of national importance, which may impact on the sale process.

Mecsek Hills UCG Project

As previously disclosed, given that no recent development activities had been undertaken on this project and a number of unsuccessful attempts had been made to divest all or part of the Company's interest in this project, the Board resolved to formally cease all activities during the quarter, which resulted in the associated mineral interests terminating.

CORPORATE

Share Consolidation

As announced on 8 December 2014, the consolidation of the Company's capital, on the basis of 1 share for every 30 existing shares, as approved by shareholders at the Annual General Meeting of shareholders on 25 November 2014, has now been completed. The numbers of Options on issue have also been consolidated on a 1 for 30 basis, with the exercise price of the Options increasing in inverse proportion to the consolidation ratio. Following the issue of shares as announced on 9 December 2014, there are now 15,133,766 shares on issue.

General Meeting of Shareholders

As announced on 28 January 2015, shareholders again approved the participation of the Board in the shortfall issue of shares from the entitlement offer.

Entitlements Issue

The Company lodged a prospectus for the Offer (Prospectus) with ASIC, ASX and AIM on 15 December 2014. The Offer was made to all shareholders of the Company (Shareholders) named on its register of members at 4.00pm (WST) on 22 December 2014, with a registered address is in Australia, New Zealand or United Kingdom (Eligible Shareholders).

The Offer made is a renounceable entitlement issue of 5 New Shares for every 1 Share held by Shareholders registered at the Record Date at an issue price of $0.05 per Share. Assuming all entitlements are accepted, following completion of the Offer, the Company will issue approximately 75,668,830 fully paid ordinary shares (New Share) to raise approximately $3,783,441.

The Entitlement Issue Prospectus and Entitlement and Acceptance Form in respect to the Company's five for one renounceable entitlements issue was dispatched to eligible shareholders on 24 December 2014.

Summary of Exploration and Mining Tenements

As at 31 December 2014, the Company holds the following interests in the listed tenements:

* Refer to the Company's Announcement on 28 October 2014 regarding an update on the Company's restructure.

For further information please visit www.wildhorse.com.au or contact: