Change of Adviser

SPITFIRE OIL

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7774 Facsimile: + 44 (0)20 7629 7773

Change of Adviser

29th November 2010

Spitfire Oil Ltd is pleased to announce the appointment of Panmure Gordon (UK) limited as nominated adviser and broker with immediate effect.

Spitfire Oil Limited +44 (0) 20 7629 7774

Mladen Ninkov, Chairman

Roger Goodwin, Director

Panmure Gordon (UK) Limited +44 (0) 20 7459 3600

Dominic Morley

Hannah Woodley

Spitfire Oil Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol SRO)

The Company's news releases are available on the Company's web site: www.spitfireoil.com