MICROMINE HAVE COMMENCED DETAILED PREPARATION OF THE DRILLING PROGRAMME FOR JULIA CREEK PROJECT

Global Oil Shale Group Plc has commenced detailed preparation of the drilling programme for the Julia Creek oil shale project in Queensland, Australia. The programme will include phase 1 and phase 2 drilling. The target of phase 1 drilling programme is to pinpoint the area and prove up to 100 million bbls of oil shale reserve which will support Phase 1 production of up to 10,000 bbls per day shale oil production.

MICROMINE Consulting Services delivers competent person reports compliant with international and local reporting standards such as JORC, NI43-101, SAMREC, SEHK (Chapter 18, Hong Kong), China MLR, Mongolian Standard, GKZ Standard and PERC Code.

For further information contact:

Petri Karjalainen ā€“ Executive Chairman
Tel: +44 7811 200 885 e-Mail: pk@globaloilshale.com

Anton Eiguine ā€“ Investor Relations
Tel: +44 1534 88 6644 e-Mail: ase@globaloilshale.com