AGM Statement

Jupiter Energy Limited ("Jupiter" or the "Company")

Notice of AGM

Jupiter announces that notice of its annual general meeting ("AGM") has been posted to shareholders and will shortly be available on the Company's website, www.jupiterenergy.com. A summary of the resolutions to be put to the Company's shareholders at the AGM is set out below:

1) to adopt the Company's remuneration report;

2) to re-elect Mr. Geoffrey Gander;

3) to re-elect Mr. Alastair Beardsall;

4) to maintain the employee incentive scheme - performance rights plan;

5) to issue 1,500,000 performance rights to Mr. Geoffrey Gander;

6) to issue 366,666 performance rights to Mr. Scott Mison;

7) to issue 1,500,000 performance rights to Mr. Alastair Beardsall;

8) to issue 1,500,000 performance rights to Mr. Baltabek Kuandykov;

9) to issue 200,000 performance rights to John Kroshus; and

10) to permit the issue of up to 10% of the Company's issued share capital.

The AGM will be held at 10.00 a.m. on 9 November 2012 at The Celtic Club, 48 Ord Street, West Perth, Western Australia 6005.

ENDS

Corporate Enquiries:

Jupiter Energy (+61 89 322 8222)

Geoff Gander ([email protected])

finnCap Ltd: +44 (0) 20 7220 0500

Matt Goode/Christopher Raggett (Corporate Finance)

Simon Johnson (Corporate Broking)

GMP Securities (Europe) LLP +44 (0) 20 7647 2800

James Pope (Corporate Finance)

Chris Beltgens (Corporate Finance)

Media Enquiries:

Allerton Communications: +44 (0) 20 3137 2500

Peter Curtain: ([email protected])

About the Company:

Jupiter Energy Limited is an oil exploration and production company, quoted on both the AIM and ASX markets. The Company is focused on developing its onshore assets in western Kazakhstan. In 2008 the Company acquired 100 per cent of the Block 31 permit, located in the oil-rich Mangistau Basin, close to the port city of Aktau.

Jupiter has a proven in-country management team, led by an experienced, international Board, together possessing the skills, knowledge, network and attention to detail needed to operate successfully in Kazakhstan. The forward plan will see Jupiter develop a group production facility on Block 31 to process, store and export oil. This surface infrastructure is a key element in moving to long-term production and the achievement of self-funding for further development of Block 31.