INTERRA RESOURCES LIMITED

Company Registration No. 197300166Z

SGX ANNOUNCEMENT

Counter Name: Interra Res (Code: 5GI)

30 November 2015

MYANMAR DRILLING UPDATE: DRILLING COMMENCEMENT OF

CHAUK DEVELOPMENT WELL CHK 1199

Interra Resources Limited (the 'Company' or 'Interra') wishes to inform shareholders that its joint venture entity, Goldpetrol Joint Operating Company Inc. ('Goldpetrol'), has commenced drilling development well CHK 1199 in the Chauk oil field in Myanmar.

Interra has a 60% interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60% of Goldpetrol which is the operator of the field. CHK 1199 is being drilled using Goldpetrol's ZJ 450 rig, thus drilling costs are expected to be relatively low. Interra's share of the cost of drilling is funded from existing funds on hand.

CHK 1199 is the sixth well to be drilled in Myanmar under the approved 2015 budget and is proposed to be drilled to a depth of 3,800 feet as an up-dip offset to CHK 1168, which was completed as an oil producer in April 2013. The primary objective is to accelerate production from the oil reservoirs that produce from CHK 1168 and produced from several older shut-in oil producers. Wireline logs of CHK 1168 have identified several additional reservoirs which are interpreted to be very prospective and are expected to be present in CHK 1199.

Interra estimates that the results of the drilling and completion should be available in approximately six weeks. The Company will announce the results of the drilling operation as soon as they may be ascertained as well as updates reflecting critical or unexpected events during drilling.

By Order of the Board of Directors of INTERRA RESOURCES LIMITED

Marcel Tjia

Chief Executive Officer

About Interra

Interra Resources Limited, a Singapore-incorporated company listed on SGX Mainboard, is engaged in the business of petroleum exploration and production (E&P). Our E&P activities include petroleum production, field development and exploration. We are positioning ourselves to become a leading regional independent producer of petroleum.

Interra Resources Limited 1 Grange Road #05-04 Orchard Building Singapore 239693 Tel (65) 6732 1711 Fax (65) 6738 1170 www.interraresources.com