Notice of Special General Meeting

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7774 Facsimile: + 44 (0)20 7629 7773

Special General Meeting

12th March 2010.

Notice of a Special General Meeting of Spitfire Oil Limited ("the Company"), which is required to approve the accounts for the year ending 30 June 2009, has been sent to shareholders and is available on the Company's web site on www.spitfireoil.com.

Further information

Mladen Ninkov - Chairman

Roger Goodwin - Director Telephone: +44(0)20 7629 7774

Spitfire Oil Limited

Stephen Cooper Telephone: +44 (0)20 7597 5104

Investec Investment Bank

Spitfire Oil Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol SRO)

The Company's news releases are available on the Company's web site: www.spitfireoil.com