Shareholder Updates

Shareholder Update January 2023

Dear Shareholder I write to you with an update on the operations of the company, The board held its first meeting for the year this week and have moved to focus the company more on the Hydrogen and Methanol production then straight natural gas production, as the economic return on these products are greater then that of just producing natural gas, plus it gives the company alternatives revenue streams from just straight natural Gas. Texas Project The company continues the set to work program on the Madisonville gas plant and field to put this asset back into production and have the Hydrogen and Methanol plants built and installed. The work is progressing as per the plan, we are seeing some delays due to the current global environment. North Queensland Project The project is being worked-up internally and is to be located in North Queensland, Most Likely Townsville, to take advantage

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Shareholder Update October 2022

Dear Shareholder I write to update you on the operations of the company. Texas Gas Asset The company is now undertaking the set to work program to put this asset back into production and have the Hydrogen and Methanol plants built and installed. The work is progressing as per the plan, we are seeing some delays due to the current global environment. North Queensland Project The project is being worked-up internally and is to be located in North Queensland, possibly Townsville, to take advantage of that cities location to Coal Seam Gas and Export infrastructure. It is envisioned that the project will produce Hydrogen and Methanol initially and possibly Ammonia for both local and international use. The company is working on a feasibility for this project. Re-Listing The company is preparing to re-list on the ASX and has appointed the listing team to start the work required to do so.

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Shareholder Update July 2022

Dear Shareholder I write to update you on the operations of the company. Acquisition of Texas gas Asset As per the EGM held on the 18th of March 2022, which gave Approval for the Acquisition of the PEM interests (Texas Gas Assets), the company would like to inform shareholders that this transaction is now complete. The company is now undertaking the set to work program to put these assets back into production and have the Hydrogen and Methanol plants built and installed. New Project The board has approved the development of a Project in Australia to leverage the work, experience and designs from the Texas Gas project. The project is being worked-up internally and is to be located in North Queensland, possibly Townsville, to take advantage of that cities location to Coal Seam Gas and Export infrastructure. It is envisioned that the project will produce Hydrogen, Methanol and Ammonia for

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Shareholder Update February 2022

Dear Shareholder I write to update you on the operations of the company. AGM / EGM The the company will hold its AGM for 2019 and 2020 and an EGM for 2022 on the 18th of March at 10am (EADT) Automic today has started to send the Notice of meetings and the meeting details to every shareholder of the company please look out for these details. Capital Raise The company is conducting a Capital Raise to Significant and professional investors (those investors that qualify as 708 investors under the Corporations Act) for working capital and capital to deploy on getting the company relisted. this is open to current shareholders that meet the 708 criteria for more information on the capital raise please email me: stephen.petith@adminebizconcierge-com A Note on your Shareholding We have received a number of inquiries about shareholding status in the company, I just want to make clear that

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Shareholder Update January 2022

Dear Shareholder I write to update you on the matters that may affect your shareholding in the company. Today the board has met to set the agenda and direction for 2022. The board sees the company reaching several milestones this year that will take the company forward. these milestones are: EGM to approve the purchase of the Texas Gas asset and change the company’s name to reflect our new vision and direction. Capital raise to professional investors (those investors that qualify as 708 investors under the corporations act) the relisting of the company onto the ASX Operations The company continues to undertake the legal and accounting work needed to get the company back to full operational standard and fully meet the requirements to have the company relisted in the near future. The board is also investigating the ability to have the company’s shares being able to trade on a secondary

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Shareholder Update October 2021

Dear Shareholder I write to update you on the matters that may affect your shareholding in the company. I have prepared below a list of questions that will help you with your interest in the company as to what is happening with your shareholding and the company itself. FAQ’s 1. Why did FDM delist? FDM was delisted on the 9th August 2021 under the rules of the ASX, when a company has reached 2 years in suspension it is automatically delisted from the ASX. As the new board was not able to complete all the tasks required by the ASX in the limited time available to us (6 months worth of work in 3 months), the company was thus delisted. You may have received a CHESS Holding statement that will show what your current holding in the company is. 2. What happens to my shares? Your shares remain on the

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Shareholder Update July 2021

Dear Fellow Shareholder It is with pleasure that I write to introduce myself and the new board of Freedom Oil and Gas Ltd (ASX: FDM). The company has successfully exited external administration on the 17th May 2021, and the board have implemented a new vision for the Company. New Vision The new vision and direction for Freedom is one that brings Freedom inline with the energy demands of the 21st century and the expectations of the global community in which Freedom operates. This vision is: Freedom Oil and Gas Ltd will become a Diversified Energy Company focused on acquiring low cost energy assets in the United States and Australia, covering Oil & Gas, Coal and New Energy (Hydrogen, Methanol, Ammonia, and others) with a focus on sustainable long term low cost production of energy products, all the while meeting the expectations and demands of the 21st century. Freedom Oil and

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