Timeline for Sale of Indonesia's PT Benakat Barat Petroleum Extended

Interra Resources Limited (the Company) referred Wednesday to its announcement dated Sept. 3, 2013 and June 2 relating to the Proposed Acquisition (the Announcements). Capitalized terms not defined herein shall bear the same meanings ascribed to them in the Announcement.

Interra's subsidiary Goldwater Indonesia Inc. (GII) and the Sellers have agreed to further extend the Longstop Date to Aug. 2 to allow the parties to satisfy certain conditions precedent as set out in the said Sales and Purchase Agreement (SPA) and to negotiate and execute a supplemental agreement to the SPA.

Further announcements will be made to shareholders at the appropriate juncture.

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