Elixir Energy Announces 328% Increase in Contingent Resources

News Release:

• Elixir Energy Limited is pleased to announce Daydream-2 drilling has led to significant material increase of contingent resources for its 100% owned ATP 2044 (Project Grandis) in Queensland, Australia.
• Independent expert certifies 2C increase of 327% from 395 billion cubic feet (BCF) to 1,297 BCF.
• Elixir’s appraisal program resumes in the next month, with final results post stimulation and flow testing in the coming months to feed into another independent certification.