JATOIL LIMITED (JAT)

name changed to Jatenergy Limited

trading in the Company's securities will resume at 10:00 am on Tuesday, 19 April 2011

company says it has now effected the following matters: ? Share Consolidation on a 1 for 4 basis (as approved by Shareholders on 10 February 2011); ? The completion of the acquisition of Blackrock Resources Pty Ltd via the issue of 24,640,000 Shares as Initial Consideration with a further 360,000 Shares to be issued as Deferred Consideration (on satisfaction of the relevant milestone); ? The allotment of the Securities pursuant to the Public Offer via the issue of 10,000,000 Shares at $0.20 each and the issue 5,000,000 Options ($0.25 exercise price, expiry on or before 1 March 2014); and ? The allotment of the Sheng Run placement via the issue of 8,125,000 Shares at $0.16 each. JAT also wishes to announce that due to the positive response received in relation to the Public Offer, it has decided to place an additional 1 million Shares to raise $200,000 pursuant to its 15% placement capacity. This placement will be made on the same terms and conditions as the Public Offer

company advises that it has closed its Public Offer and Blackrock Offer pursuant to its prospectus dated 14 March 2011. An amount of $3.3 million will have been raised in total, which includes $2 million from the Public Offer and $1.3 million from the Sheng Run placement. No funds will be raised from the Blackrock Offer because the shares issued pursuant to the Blackrock Offer will constitute consideration by the Company for the acquisition of Blackrock

issues Replacement Prospectus

issues a Prospectus for the conditional offer of up to 10,000,000 Shares at an issue price of $0.20 each with one free New Option for every two Shares allotted under the Public Offer

the securities of Jatoil Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pursuant to listing rule 17.3 and paragraph 44 of Guidance Note 12 - Changes to Activities, following shareholder approval for the acquisition of Blackrock Resources Pty Ltd

the suspension of trading in the securities of Jatoil Limited (the "Company") will be lifted before the commencement of trading on Tuesday, 7 September 2010 following the announcement that the Company has entered into an agreement to acquire 100% of Blackrock Resources Pty Ltd (the "Proposed Acquisition")

the securities of Jatoil Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, following the announcement that the Company has entered into an agreement to acquire 100% of Blackrock Resources Pty Ltd (the "Proposed Acquisition")