Oilex Ltd. advised that Mr. David Peterson has resigned as Company Secretary and Mr. Robert lerace has been appointed as Company Secretary with immediate effect. As previously announced, Mr. lerace will also commence employment as Chief Financial Officer from 30 January 2013. Mr. lerace is a Chartered Accountant with a strong background working with listed companies in the oil and gas and resources sectors.

Most recently he was CFO and Company Secretary for Amadeus Energy Ltd, an ASX-listed oil and gas company, where he was responsible for financial compliance and corporate governance as well as implementation of the Company's business plans.