Roxi Petroleum plc

("Roxi" or "the Company")

Operational update

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, provides an update following the announcement on 9 July of oil and gas shows having been encountered at the deep well A5 at the BNG contract area.

The Company is currently awaiting additional heavy drilling fluids to reach the drill site which are required to take core samples.

As previously stated, a further announcement will be made once core samples have been analysed to determine the oil bearing horizon and quantify the discovery.

Clive Carver, Chairman commented:

"The board of Roxi remains excited about the discovery and looks forward to updating the market further in due course."

Enquiries

RoxiPetroleum PLC            

Clive Carver                                                                           +7 727 375 0202

WH Ireland plc                   

James Joyce / James Bavister                                              +44 (0) 20 7220 1666

Qualified Person

Mr. Nurlybek Ospanov, Roxi's senior geologist who is a member of the Society of Petroleum Engineers ("SPE"), has reviewed and approved the technical disclosures in this announcement.