GB ENERGY LIMITED(GBX)

name changed to KALIA Limited

The suspension of trading in the securities of GB Energy Limited will be lifted immediately following receipt of an announcement regarding a potential acquisition.

The company signed a binding term sheet with Kalia Holdings and its shareholders that grants GBX a 120-day option to acquire 72.29% (and potentially 100%) of the shares in Kalia.

GB Energy Limited requests an extension of the voluntary suspension of the Company's securities GBX, pending a potential acquisition announcement. The Company requests that the suspension be lifted on the earlier of commencement of normal trading on Tuesday 21 March 2017 or when the announcement is released to the market.

The securities of GB Energy Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

The deferred new ordinary shares of GB Energy Limited (the "Company") will be suspended from quotation immediately, following cancellation of the Company" non renounceable entitlement issue. Security Code: GBXN

to be reinstated to quotation on 11 July

we understand that on or about this date the company consolidated its shares 1 for 6

as the prospectus offer did not achieve minimum subscription, one of the conditions precedent under the share sale agreement with Cooper Energy Limited (Cooper Energy) to acquire all the shares in Worrior (PPL 207) Pty Ltd (Share Sale Agreement) has not been met. Cooper Energy has today given GB Energy notice that the Share Sale Agreement is terminated. As a result, GB Energy will not be issuing securities to Cooper Energy under the Share Sale Agreement and the following assets will not be acquired under the Share Sale Agreement: ? 30% participating interest in PPL 207 (Worrior Oilfield); ? 25% participating interest in PEL 90; and ? 30% participating interest in PEL 93

further consequences of the prospectus offer not achieving minimum subscription are: ? GB Energy will not be issuing securities under the prospectus offer; ? the consolidation of GB Energy's securities as approved by GB Energy's members on 13 May 2011 will not proceed; and ? the proposed significant change in the nature and scale of GB Energy's activities as approved by GB Energy's members on 13 May 2011 will not proceed

Cooper Energy has been advised that GBX has not raised the capital necessary to conclude the purchase. In light of the above, Cooper Energy has today issued a notice of termination in relation to the Share Sale Agreement under which GBX was to purchase all of the shares in Worrior (PPL 207) Pty Ltd. Cooper Energy will therefore retain full beneficial ownership of the following assets: ? 30% of the Worrior Oil Field ? 25% of PEL90 ? 30% of PEL93

GB Energy clarifies that as a result of the offer under its prospectus dated 18 April 2011 not achieving minimum subscription, the consolidation of its capital as approved by the GB Energy members and as referred to in GB Energy's announcement dated 13 May 2011 will not proceed

the securities of GB Energy Limited (the "Company") will be suspended from offiicial quotation immediately, at the request of the Company, pending the outcome of a resolution at the Company's general meeting to approve a change in the scale of the Company's activities. The Company's securities will remain suspended pending compliance with Chapters 1 and 2 of the Listing Rules. Security Code: GBX GBXO GBXOA

the suspension of trading in the securities of GB Energy Limited (the "Company") will be lifted immediately, following the release of the Company's announcement regarding the proposed acquisition of Worrior (PPL 207) Pty Ltd and its recompliance with chapters 1 and 2 of the Listing Rules

releases an Investor Presentation-corrected version

GB Energy Ltd wishes to advise that it has cancelled the following unlisted employee options : ? 500,000 unlisted options exercisable at 0.00001 cents on or before 26 October 2010- EXPIRED ? 1,000,000 unlisted options exercisable at 5 cents on or before 12 October 2013 - contract not renewed. ? 1,000,000 unlisted options exercisable at 10 cents on or before 12 April 2014 - contract not renewed

securities suspended pending an announcement

the company has entered a conditional agreement to acquire a portfolio of oil and gas interests from Cooper Energy Limited (ASX: COE). The principal asset within the portfolio is a 30% interest in the producing Worrior oilfield in the Cooper Basin, which has 2P reserves of 2.1 million barrels and which, as present rates, produces over 150,000 barrels of oil per annum