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File: NWXNR04242018.docx


NEWS RELEASE
 Trading Symbol: NWX (TSX-V)
COOPER BASIN CONTINUES TO DELIVER WITH A 22% INCREASE IN PRODUCTION FROM EX PEL 91 AND A 6% INCREASE FROM EX PEL 106
Vancouver, British Columbia, April 24th, 2018. Newport Exploration Ltd ("Newport" or "the Company") is pleased to prov
--->ide an update on drilling activities and production on ex PEL 91 and ex PEL 106 in the Cooper Basin, Australia over wh
--->ich the Company has a 2.5% gross overriding royalty. This information was reported by Beach Energy Ltd ("Beach") (ASX:
---> BPT) in a quarterly report dated 24th April, 2018, and reference should be made to their website for their interpreta
--->tion of the results and any plans to bring wells into production.  
Drilling
Beach previously reported that the drilling component of the Stunsail field development project was successfully compl
--->eted. The campaign comprised an initial two-well vertical phase later followed by a two-well horizontal phase. The Stu
--->nsail-6 Horizontal well was the first Birkhead Formation horizontal development well on the Western Flank and drilled 
--->a 585 metre lateral section and encountered 203 metres of net oil pay, as reported in a news release by the Company da
--->ted March 7th, 2018. The Stunsail-7 Horizontal well targeted the McKinlay Member and drilled a 528 metre lateral secti
--->on and encountered 509 metres of net oil pay, as reported in a news release by the Company dated April 4th, 2018.  
Stunsail-6 and -7 will be monitored to confirm their anticipated superior return potential. These successes have led t
--->o the identification of further horizontal well locations to be drilled in Beach's FY2019. 
Production
Beach report a 22% increase in oil production from ex PEL 91. This increase reflected production uplift from the recen
--->tly completed artificial lift campaign (four artificial lift installations completed during Beach's Q2 and three compl
--->eted in Q3 FY2018), the results of debottlenecking work in the field, and a full quarter's contribution from Stanleys-
--->1 which was brought online in December 2017. 
The increase in production from ex PEL 91 was complimented by a 6% increase in production from ex PEL 106 for the quar
--->ter.
Guidance  The Company receives its gross overriding royalty from the operator who is not a reporting issuer in Canada,
---> and therefore, not required to comply with the requirements of NI 51-101 - Standards of Disclosure for Oil and Gas Ac
--->tivities, hence Newport is not able to confirm if the disclosure satisfies the requirements of NI 51-101 - Standards o
--->f Disclosure for Oil and Gas Activities, or other requirements of Canadian securities legislation.
 The Company is unable to forecast potential productivity for each well and continues to strongly encourage shareholde
--->rs and potential investors to access information released independently by Beach and Santos Ltd to keep current during
---> exploration, development and production guidance of all the licences subject to the Company's gross overriding royalt
--->y.
For further information contact: 
Ian Rozier, Director and Chief Executive Officer 
+1 604 685 6851 

info@newport-exploration.com www.newport-exploration.com  www.beachenergy.com.au www.santos.com   Neither the TSX Vent
--->ure Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange
--->) accepts responsibility for the accuracy or adequacy of this news release.
 Cautionary Statement on Forward-Looking Information
 This news release is intended to provide readers with a reasonable basis for assessing the financial performance of t
--->he Company. The words "believe", "should", "could", "expect", "anticipate", "contemplate", "target", "plan", "intends"
--->, "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking stateme
--->nts. Forward-looking statements may pertain to assumptions regarding the price of oil and fluctuations in currency mar
--->kets (specifically the Australian dollar). Forward-looking statements are based upon a number of estimates and assumpt
--->ions that, which are considered reasonable by the Company, are inherently subject to business, economic and competitiv
--->e uncertainties and contingencies. Factors include, but are not limited to, the risk of fluctuations in the assumed pr
--->ices of oil, the risk of changes in government legislation including the risk of obtaining necessary licences and perm
--->its, taxation, controls, regulations and political or economic developments in Canada, Australia or other countries in
---> which the Company carries or may carry on business in the future, risks associated with developmental activities, the
---> speculative nature of exploration and development, and assumed quantities or grades of reserves. Readers are cautione
--->d that forward-looking statements are not guarantees of future performance. There can be no assurance that such statem
--->ents will prove to be accurate and actual results and future events could differ materially from those acknowledged in
---> such statements. 
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a resu
--->lt of new information, future events or otherwise, except to the extent required by applicable laws.