REVIEW OF ACTIVITY AUGUST 2008

18th Aug 2008 07:00

18 August 2008AIM MarketLondon Stock Exchange10 Paternoster SquareLondon EC4M 7LS

Please refer to the Oilex Website to view the Review of Activity August 2008 as released today, 18 August 2008.

Kind regards,B. H. McCarthyManaging Director

For further information, please contact:

Ray Barnes Technical Director, Oilex Ltd Tel. +61 8 9485 3200 (Western Australia)

Archie Berens Director, Pelham Public Relations Tel. +44 20 7743 6679 (United Kingdom)

RFC Corporate Finance Ltd acts as Oilex's Nominated Adviser - contact Stuart Laing +618 9480 2506.

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