Interra Resources : Myanmar Drilling Update - Drilling Commencement of CHK 1233

INTERRA RESOURCES LIMITED

Company Registration No. 197300166Z

SGX ANNOUNCEMENT

Counter Name: Interra Res (Code: 5GI)

26 April 2022

MYANMAR DRILLING UPDATE:

DRILLING COMMENCEMENT OF CHAUK DEVELOPMENT WELL CHK 1233

Interra Resources Limited (the "Company" or "Interra") wishes to inform shareholders that its joint venture entity, Goldpetrol Joint Operating Company Inc. ("Goldpetrol"), has commenced drilling development well CHK 1233 in the Chauk oil field in Myanmar.

Interra has a 60% interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60% of Goldpetrol which is the operator of the field. CHK 1233 is being drilled using hired ZJ 750 rig, and Interra's share of the cost of drilling is funded from existing funds on hand.

CHK 1233 is the fifth 2022 budgeted well drilled in Myanmar, and has the primary objective of accelerating production from oil reservoirs in the Lanywa fault block of northern Chauk field. It is drilled as an infill development well to three current producing oil wells to a proposed measured depth of 3,350 feet under the Ayeyarwaddy River.

Interra estimates that the results of the drilling and completion should be available in approximately six weeks. The Company will announce the results of the drilling operation as soon as they may be ascertained.

By Order of the Board of Directors of INTERRA RESOURCES LIMITED

Marcel Tjia

Chief Executive Officer

About Interra

Interra Resources Limited, a Singapore-incorporated company listed on SGX Mainboard, is engaged in the business of petroleum exploration and production (E&P). Our E&P activities include petroleum production, field development and exploration. We are positioning ourselves to become a leading regional independent producer of petroleum.

Interra Resources Limited 1 Grange Road #05-04 Orchard Building Singapore 239693 Tel (65) 6732 1711 Fax (65) 6738 1170www.interraresources.com