18 June 2017

Mr Wade Baggott

ASX Limited

Level 40, Central Park

152-158 St Georges Terrace

PERTH WA 6000

By email: tradinghaltsperth@asx.com.au

Dear Mr Baggott

Oilex Ltd - Trading Halt Request

In accordance with ASX Listing Rule 17.1 Oilex Ltd (ASX: OEX, AIM: OEX) hereby requests an immediate trading halt on the Company's securities from the commencement of trading Monday 19 June 2017.

In accordance with Listing rule 17.1, Oilex provides the following information:

a)   The trading halt is requested pending an announcement by Oilex in relation to the joint venture cash calls owing by its joint venture partner;

b)   Oilex requests the trading halt to remain in place until the earlier of such time as it makes an announcement to the market in relation to the joint venture cash calls owing and the commencement of trading on Wednesday 21 June 2017; and

c)    Oilex is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours faithfully

Mark Bolton
Chief Financial Officer and Company Secretary