ASX Release 21 January 2016 ABN 71 130 651 437 Level 2, 88 William Street Perth, Western Australia 6000 Ph: +61 8 9215 1800 Fax: +61 8 9215 1899 www.buruenergy.com Yakka Munga Pastoral Lease Update Buru Energy Limited (Buru Energy) (ASX: BRU) provides the following update on its announcement yesterday regarding the Yakka Munga Pastoral Lease. Buru Energy’s wholly owned subsidiary has entered an agreement to sell the Yakka Munga Pastoral Lease with Shanghai Zenith (Australia) Investment Holding Pty Ltd for a sum of AU$8.75 million. The agreement is subject to various conditions including government approvals, due diligence and a condition that the parties enter into an agreement regarding Buru Energy’s ongoing access to the pastoral lease area for petroleum activities. If any of the conditions are not satisfied or waived, the sale agreement may be terminated. If all conditions are satisfied or waived, the transaction is expected to be completed in the first half of 2016. Buru Energy acquired the Yakka Munga Pastoral Lease in January 2015 for $7 million. Visit www.buruenergy.com for information on Buru Energy’s current and future activities. For investor inquiries please contact Buru Energy: Telephone: +61 8 9215 1800 Freecall: 1800 337 330 Email: info@buruenergy.com Media Enquiries: Paul Armstrong Read Corporate +61 8 9388 1474/ 0421 619 084 About Buru Energy Buru Energy Limited (ASX: BRU) is a Western Australian oil and gas exploration and production company headquartered in Perth with an operational office in Broome. The Company’s petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia. Its flagship high quality conventional Ungani Oilfield project is owned in 50/50 joint venture with Diamond Resources (Fitzroy) Pty Ltd. As well as Ungani, the Company’s portfolio includes potentially world class tight gas resources. The company’s goal is to deliver material benefits to its shareholders, the State of Western Australia, the Traditional Owners of the areas in which it operates, and the Kimberley community, by successfully exploring for and developing the petroleum resources of the Canning Basin in an environmentally and culturally sensitive manner. 1