Exercise of Options

For immediate release 16 July 2014

Roxi Petroleum plc

("Roxi" or "the Company")

Exercise of options

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announces that following the exercise of options 125,000 new shares ("Option Shares") have been issued.

Roxi will apply for these 125,000 Option Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on 21 July 2014.

The total number of shares in issue following the issue of these shares will be 837,659,014. Roxi has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries

RoxiPetroleum PLC

Clive Carver, Chairman +7 727 375 0202

WH Ireland plc

James Joyce / James Bavister +44 (0) 20 7220 1666