Yilgarn is pleased to announce that it has entered into an Area of Mutual Interest (ďAMIĒ) Agreement with Alp Energy gmbh, an Austrian based private oil and gas company, to acquire oil and gas opportunities in Romania and Tunisia. These AMIís allow the Parties to pool their respective resources in the search, evaluation and acquisition of high value projects in these countries. A variety of projects including production, rejuvenation, development, near field exploration and frontier exploration are to be considered by the Parties. The participating and paying interests in the AMIís are as follows: Tunisia Romania Yilgarn - paying interest 75% 100% - participating interest 75% 66.67% Alp Energy - paying interest 25% 0% - participating interest 25% 33.33% Once the parties have incurred expenditures in aggregate 1 million euros (A$1.6 million) on the Romanian AMI, Yilgarnís paying interest reduces to 66.67%, i.e. its participating interest.