Austin Exploration Limited (ASX:AKK) Joins OTCQX

Perth, Dec 6, 2011 AEST (ABN Newswire) - OTC Markets Group Inc. (OTCQX:OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade over-the-counter ("OTC") stocks, announced that Austin Exploration Ltd. (OTCQX:AUNXY) (ASX:AKK), an oil and gas development company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX(R).

Austin Exploration began trading today on the OTC market's prestigious tier, OTCQX International Premier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

"Considering our recent successes at our projects in the United States, coupled with our promising site in Australia's Cooper Basin, the timing of our OTCQX membership couldn't be better," said Guy Goudy, CEO of Austin Exploration.

"OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC marketplace." said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Austin Exploration to OTCQX."

The Company is also pleased to report that Standard and Poors will initiate coverage on Austin Exploration in coming weeks.

Casimir Capital L.P. will serve as Austin Exploration's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX:OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link(TM) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace), OTCQB(R) (the venture marketplace), and OTC Pink(TM) (the open marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

Contact

Dan Peterson JohnstonWells Public Relations Tel: +1-303-623-3366 Email: dpeterson@johnstonwells.com Grace Keith OTC Markets Group Inc. Tel: +1-212-896-4428 Email: grace@otcmarkets.com