Form of Proxy

VULCAN ENERGY RESOURCES LTD

Notes

BD Client Code:

Client Name:

Number of Shares Held in a BD Nominee Company:

No.	Proposition		For	Against	Abstain
1	ADOPTION OF REMUNERATION REPORT
2	RE-ELECTION OF DIRECTOR - DR HEIDI GRON
3	RE-ELECTION OF DIRECTOR - DR GUNTER HILKEN
4	ELECTION OF DIRECTOR - MS FELICITY GOODING
5	ELECTION OF DIRECTOR - MR ANGUS BARKER
6	ISSUE OF NED SERVICE RIGHTS TO MS JOSEPHINE BUSH
7	ISSUE OF NED SERVICE RIGHTS TO MR ANGUS BARKER
8	ISSUE OF NED SERVICE RIGHTS TO DR HEIDI GRON
9	ISSUE OF NED SERVICE RIGHTS TO DR GUNTER HILKEN
10	ISSUE OF PERFORMANCE RIGHTS TO MS FELICITY GOODING
11	ISSUE OF PERFORMANCE RIGHTS TO MR CRIS MORENO