Share Price Movement

8th September 2011

Roxi Petroleum plc

("Roxi" or the "Company")

Share Price Movement

The Company notes the significant rise in its share price over the past two days and media speculation over discoveries, and can confirm that it is not aware of any operational reason for the movement.

The Company intends to release its Interim Financial Statements for the six months ended 30th June 2011 on 26th September 2011.

Enquiries

Roxi Petroleum plc David Wilkes CEO +77 2 7244 0920

Strand Hanson Limited Andrew Emmott +44 (0) 20 7409 3494

Renaissance Capital LimitedJohn Porter / Nikita Turkin +44 (0) 20 7367 7958/

+44 (0) 20 7367 8242

Buchanan Communications (Financial PR) Tim Thompson / Ben Romney +44 (0) 20 7466 5000