ASX Release Date: 16 July 2015

Listed Options Due to Expire

Tamaska Oil & Gas Limited (Tamaska) wishes to advise that 32,600,000 quoted options exercisable at $0.50 will expire on 17August 2015 (Options).

In accordance with the Listing Rules, Tamaska provides the following information:

The quotation of the listed Options will end on 10 August 2015

If an Option holder wishes to exercise their Options, payment is to be received by the Company no later than 13 August 2015

Any Options not be exercised by the expiry date will lapse

The latest available market price of the Options was $0.001

The latest price of the underlying TMK shares is $0.005 per share

The highest and lowest price within the last three months of the listed shares was $0.008 and

$0.003

The Options are not underwritten

The Company will not be sending out individual option expiry notices to option holders as the Company has received a waiver from the ASX under listing rule 6.24.

For and on behalf of the Board

Alexander Parks Managing Director Tamaska Oil & Gas Limited

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