Result of AGM

Spitfire Oil Limited

Annual General Meeting

17th December 2010.

At the annual general meeting held today of the shareholders of Spitfire Oil Limited, all resolutions were duly passed.

Further information

Mladen Ninkov - Chairman

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

Spitfire Oil Limited

Panmure Gordon (UK) Limited: Telephone: +44 (0)20 7459 3600

Dominic Morley

Hannah Woodley

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