Result of AGM

24 April 2015

                               88 ENERGY LIMITED                               

                        ANNUAL GENERAL MEETING RESULTS                         

The following information is provided in relation to the resolutions passed by
the members of 88Energy Limited (ASX: 88E, AIM: 88E, "88 Energy", "Company") at
its Annual General Meeting held on 24 April 2015.

Resolution 1: Adoption of Remuneration Report

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
  112,275,663        630,782         11,556,823          155,000       

The motion was carried as an ordinary resolution on a show of hands.

Resolution 2: Re-elect Mr Michael Evans as Director

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
  122,360,222        189,112         21,223,489          150,000       

The motion was carried as an ordinary resolution on a show of hands.

Resolution 3: Change of Auditor

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
  122,256,582         92,752         21,223,489          350,000       

The motion was carried as an ordinary resolution on a show of hands.

Resolution 4: Approval of 10% Placement Capacity

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
  121,959,312        711,941         21,223,489           28,081       

The motion was carried as a special resolution on a show of hands.

Resolution 5: Ratification of Prior Issue of Shares

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
   18,053,432        657,091         1,556,823            2,144        

The motion was carried as an ordinary resolution on a show of hands.

Resolution 6: Ratification of Prior Issue of Options

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
   18,053,542        657,091         1,556,823            2,144        

The motion was carried as an ordinary resolution on a show of hands.

Resolution 7: Ratification of Prior Issue of Shares

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
  122,038,582        657,091         21,225,116           2,144        

The motion was carried as an ordinary resolution on a show of hands.

Resolution 8: Ratification of Prior Issue of Options

      FOR            AGAINST            OPEN             ABSTAIN       
                                                                       
  122,018,472        677,091         21,225,116           2,144        

The motion was carried as an ordinary resolution on a show of hands.

Sarah Smith
Joint Company Secretary

88 Energy Limited
Level 2, 5 Ord Street
West Perth WA 6005, Australia
Ph: + 61 8 9485 0990 
www.88energy.com


Contacts

RFC Ambrian Limited

As Nominated Adviser

Mr Oliver Morse
[phone]

As Corporate Broker

Mr Charlie Cryer
[phone]