Galilee Energy : Drilling Commenced at Glenaras Gas Project 20 April 2022

ASX/MEDIA ANNOUNCEMENT _____________________________________________________________

Drilling commenced__a__t_G__l_e_n_a__r_a_s__G__a_s__P__r_o__je__c_t ____________________________

20 April 2022

Highlights

• • Silver City Rig 23 has commenced the drilling of Glenaras 24

• • All existing pilot wells have been producing consistently with the longest continuous run time recorded to date without pump failure

Drilling at Glenaras has commenced

Galilee Energy Ltd ("Galilee") (ASX: GLL) is pleased to provide the following operations update and announce that Silver City Rig 23 had commenced drilling the first well of this year's programme. At the time of this release 9-5/8 casing had been run to 200m and preparations were well underway to complete cementing operations.

All existing pilot wells have been online and producing consistently with the longest continuous run time recorded to date without the repeated pump failures evidenced previously.

Drilling commenced late yesterday at Glenaras 24, which is the first well of the 2022 programme which includes the drilling, completing, connecting, and powering of an additional 5 vertical wells (see Figure 1).

Figure 1 - Glenaras drilling locations map

Each of the wells in this campaign will be drilled to a depth of around 1,000m and cased with 7" production casing to the top of the coal section.

The section over the Betts Creek beds will be slotted allowing it to be an open-hole completion. Drilling time for each well is expected to take approximately 7 days.

Figure 2: Silver City Rig

23 on location at

Glenaras 24

The gathering and electrical cable trenching activities are scheduled to commence next week. It is anticipated that some of the existing pilot wells will need to either be turned down or shut-in for limited periods throughout the course of the current programme to ensure safe and optimal operations at all times.

This announcement was released with the authority of the Board.

For further information, contact:

David Casey - Managing Director Galilee Energy Limited [phone]

About Galilee

Galilee Energy is focused on creating a high value exploration and production company building on its core strengths in coal seam gas appraisal and development. Its primary area of focus is Queensland where it is appraising its 100% owned Glenaras Gas Project in the Galilee Basin and exploring in the Surat and Bowen Basins, whilst looking to add further high quality acreage to its portfolio.

Directors

Chairman - Ray Shorrocks

Managing Director - David Casey

Non-Executive Director - Stephen Kelemen

Non-Executive Director - Gordon Grieve

Non-Executive Director - Greg Columbus