2009 General Meeting - Chairman's Address Correction

General Meeting

Correction to Page 1 of the Chairman’s Address
Please note that Bullet Point 5 on Page 1 of the Chairman’s Address released to the ASX on 3 July 2009 should read:

Capital Base - Subject to shareholder approval at this meeting, White Energy has successfully raised A$55 million in a share placement to local and overseas institutions conducted over a 24 hour book-build period at the end of May 2009. This will result in a significant enhancement to White Energy’s balance sheet. Also, recently concluded Share Purchase Plan Offer resulted in shareholders taking up 1,748,975 shares and raising $2,623,463 in new capital.

END

It is noted that the numbers stated above in relation to the share purchase plan were advised to the ASX on 30 June 2009.