Clancy Exploration Limited

3 Corporation Place

Orange NSW 2800

Australia

Phone: (02) 6361 1285

Fax: (02) 6361 1202 www.clancyexploration.com info@clancyexploration.com

ASX / MEDIA ANNOUNCEMENT 4 January 2012 CONDOBOLIN, TRUNDLE AND GOBONDERY DRILLING UPDATE Diamond drilling resumed at Condobolin and RC drilling to commence at Trundle on 5 January 2012 Clancy Exploration Limited (ASX: CLY) is pleased to announce that diamond drilling has resumed at Condobolin and RC drilling will commence at Trundle on 5 January 2012. RC and diamond drilling is also scheduled for Gobondery after the completion of the Condobolin and Trundle programs. Highlights