Fortbridge Media Release

Tamaska Oil & Gas Ltd. [ASX:TMK] - Drilling Update 1 � High Impact Rend Lake Oil Prospect

Tamaska Oil and Gas Limited (ASX:TMK) is pleased to advise that the Lawrence Farms Well #1 is currently drilling ahead with a 7 7/8� drill bit at a depth of 1,532ft.

The well is being drilled by Anschutz Corporation (Operator, 50% WI) to test the high impact Rend Lake Oil Prospect located in Franklin County, Illinois, USA. Tamaska holds a 20% working interest in the prospect and is free carried for the first $1m of drilling costs by the Operator Anschutz, as previously announced 26th September 2013.

>From the morning drilling report of 2nd December the Operator confirmed the well reached a depth of 1,532ft after 8 5/8� casing was successfully set at a depth of 786ft (thereby effectively isolating the well from the shallow formations and coal mines).

Drilling will now continue to the target depth at approximately 6,500ft.

To view the full announcement and map, please refer to the attachment.

For further inquiries please contact:

Alexander Parks
Chief Executive Officer
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Fax: +61 8 9389 2099
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