Settlement of Darwin Loan Note

Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas 2 March 2015 Northcote Energy Ltd (`Northcote' or `the Company') Settlement of Darwin Loan Note Northcote (AIM: NCT), an onshore US oil and gas exploration and productioncompany, is pleased to announce that the loan note with Darwin StrategicLimited, has been fully settled, following receipt of the funds raised via thePlacing announced on 12 February 2015. * * ENDS * * For further information visit www.northcoteenergy.com or contact the following: Randy Connally Northcote Energy Ltd +1 214 550 5082 Ross Warner Northcote Energy Ltd +44 7760 487 769 Dan Jorgensen Northcote Energy Ltd +44 20 7024 8391 Roland Cornish Beaumont Cornish Ltd +44 20 7628 3396 Jon Belliss Hume Capital Securities +44 20 3693 1493 Nick Bealer Cornhill Capital Limited +44 20 7710 9618 Hugo de Salis St Brides Partners Ltd +44 20 7236 1177 Elisabeth Cowell St Brides Partners Ltd +44 20 7236 1177 Notes: Northcote Energy Ltd is a producing oil and gas company with a portfolio of USexploration and production assets principally focused in Oklahoma andLouisiana. In addition, the Company is pursuing opportunities arising out ofthe deregulation of the Mexican oil and gas market. Currently, it has rights toparticipate in certain assets as and when they are acquired by MX Oil plc (AIM:MXO) in Mexico.