Valiant Petroleum Limited will conduct its operations in a responsible manner that protects the health and safety of employees, contractors and the public and minimises the impact on the environment.

To accomplish this we commit to:

• Ensure compliance with all applicable legislation and standards
• Ensure an effective management organisation is in place and all personnel and contractors are aware of their health, safety and environmental responsibilitie
• Create a safe and healthy working environment
• Identify, evaluate and control the risks and impacts associated with its activities
• Monitor, evaluate and report health, safety and environmental performance
• Seek to achieve continuous improvement in health, safety and environmental performance
• Provide all necessary resources to fully support this Policy

Brian Elliot                          Peter Buchanan

Operations Director           Chief Executive

January 2009