Yelemes 135 Well Spud

Immediate Release 7 January 2011

Roxi Petroleum plc

Yelemes 135 Well Spud

Roxi Petroleum ("Roxi" or "the Company"), the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that BNG exploration well 135 on the North Yelemes structure has been spudded on 29 December 2010.

The well is located on the BNG block and has an estimated total depth of 2950 metres. Drilling operations are expected to take approximately 42 days and a further announcement will be made once drilling is completed.

Enquiries

Roxi Petroleum plc

David Wilkes CEO +7 727 244 0920

Matrix Corporate Capital LLP (NOMAD and broker)

Alastair Stratton / Louis Castro +44 203 206 7000

Buchanan Communications (Financial PR)

Tim Thompson / Ben Romney / Chris McMahon +44 207 466 5000