Result of Meeting

Spitfire Oil Limited

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

31st March 2011.

At the special general meeting held today of the shareholders of Spitfire Oil Limited, the resolution to approve the accounts for the year ended 30th June 2010 was duly passed.

Further information

Spitfire Oil Limited

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