A S X

A S X R e l e a s e

The Manager

Company Announcements Office Australian Stock Exchange

WHITE ENERGY COMPANY APPOINTMENT OF CFO

19 May 2016 - White Energy Company Limited (ASX: WEC; OTCQX:WECFY) ("White Energy" or "the Company") is pleased to announce the appointment of Mr Damian Galvin as Chief Financial Officer (CFO) as from 23rd May 2016.

Damian holds a Bachelor of Business and is a Chartered Accountant.

Damian has led the corporate and finance functions of fast growing resource companies for 15 years, in his previous roles as CFO of Westside Corporation and CFO of Queensland Gas Company.

Damian has 25 years experience in all financial and regulatory aspects of ASX listed companies and has extensive business experience, including Group Finance Manager, Premier Oil and Manager-Audit Price Waterhouse.

For Further Information Call:

Brian Flannery

Managing Director & CEO White Energy Company Limited

+ 61 7 3229 9035

Forward Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward- looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.

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Level 7, 167 Eagle Street BRISBANE NSW 2000 Tel +61 7 3229 9035 Fax +61 7 3229 8995

Email: [email protected] Web: www.whiteenergyco.com ABN 62 071 527 083

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