New Post-Merger Shares

12 November 2007 ELIXIR PETROLEUM LIMITED NEW POST-MERGER SHARES Elixir Petroleum Limited (ASX: EXR, AIM: ELP) ("Elixir" or "the Company") announces that application has been made for the admission to trading on AIM of 69,312,992 new ordinary shares of no par value. These shares were issued to ordinary shareholders of Gawler Resources Limited (ASX: GRL) ("Gawler") in exchange for Gawler shares in the merger of the two companies by way of a Scheme of Arrangement. Trading in the new shares is expected to commence on 15 November 2007. For further information please contact: Elixir Petroleum Limited Russell Langusch, Managing Director +44 207 484 5623 (UK Office) +44 7840 523 771 (UK Cell) +61 411 725 858 (Australia Cell) E-mail: Bankside Consultants Michael Padley / Susan Scott +44 207 367 8888 Seymour Pierce Limited +44 207 107 8000 Jonathan Wright ---END OF MESSAGE---