ANNOUNCEMENT OF APPOINTMENT

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ANNOUNCEMENT OF APPOINTMENT OF VICE PRESIDENT, OPERATIONS *



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* Asterisks denote mandatory information

Name of Announcer * INTERRA RESOURCES LIMITED
Company Registration No. 197300166Z
Announcement submitted on behalf of
Announcement is submitted with respect to *

INTERRA RESOURCES LIMITED

INTERRA RESOURCES LIMITED

Announcement is submitted by * FOO SAY TAIN
Designation * CHIEF FINANCIAL OFFICER
Date & Time of Broadcast 03-Jan-2012 19:00:09
Announcement No. 00155

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Date of Appointment * 03-01-2012
Name of Person* Sugi Handoko
Age * 49
Country of principal residence * Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *
Whether appointment is executive, and if so, the area of responsibility *
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Working experience and occupation(s) during the past 10 years *

The Board of Directors of the Company approved Mr Sugi Handoko's appointment after considering his credentials and experience in oil and gas management and operations.

Executive Officer. Overall responsibility of managing the petroleum exploration and production operations of the Group.

Vice President, Operations

Nov 2009 - Present

Operations Manager of Goldwater Company Limited (100% subsidiary of the Company).

Seconded to Myanmar as Country Manager, responsible for all aspects of company management and operations, which include engineering, production, finance, procurement, logistic, human resources and government liaison.

Sep 2006 - Oct 2009

Director of PT Retco Prima Energi and PT Anzon Energy Indonesia as well as General Manager of

TAC Pertamina - Binatek Reka Kruh and TAC Pertamina - Indama Putera Kayapratama.

Responsible for directing all aspects of company management and operations, including financial and government liaison.

Nov 1997 - Aug 2006

Country Manager of Goldwater Company Limited.

Assigned to operations in Myanmar, responsible for all aspects of company management and operations, which included engineering, production, finance, procurement, logistic, human resources and government liaison.

Shareholding* in the listed issuer and its subsidiaries *

Nil

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal

Nil

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ANNOUNCEMENT OF APPOINTMENT

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subsidiaries *

Conflict of interests (including any competing business) *

Nil

>> OTHER DIRECTORSHIP#

# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9) or Catalist Rule 704(8).

Past (for the last 5 years) PT. Retco Prima Energy

PT. Anzon Energy Indonesia

Present Goldwater TMT Pte. Ltd.

>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

(a)* Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?

z No

(b)* Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business
trust, on the ground of insolvency?

z No


(c)* Whether there is any unsatisfied judgment against him?

z No


(d)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?

z No



(e)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?

z No


(f)* Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory
requirement that relates to the securities or

z No

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futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any
civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or
dishonesty on his part?

(g)* Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of
any entity or business trust?

z No


(h)* Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?

z No


(i)* Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?

z No


(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-

(i)* any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or

z No


(ii)* any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing

such entities in Singapore or elsewhere; or

z No


(iii)* any business trust which has been investigated for a breach of any law or regulatory requirement governing business
trusts in Singapore or elsewhere; or

z No

(iv)* any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere,

z No


in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?

(k)* Whether he has been the subject of any current
or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?

z No

>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(I)

Disclosure applicable to the appointment of Director only.

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Any prior experience as a director of a listed z
company?

Footnotes This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Collins Stewart Pte. Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). Collins Stewart has not independently verified the contents of this announcement. This announcement has not been examined or reviewed by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Alex Tan, Managing Director, Corporate Finance, Collins

Stewart Pte. Limited, at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.


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03-Jan-12

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