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TerraCom JORC Resources
(Mt)
Exploration Target
(Mt)
Potential Coal Type Independent
Geologist
JORC Classification
Measured Indicated Inferred Total Lower Upper
Hughenden* 133  1076 1209 285 2830  Thermal  MDM  2004
Clyde Park @ 51 677 728 40 815  Thermal  MDM/Palaris/Xstract  2004
Kolan ^ 60 400  Coking  MDM  2004
Springsure 43 148 191 60 235  Thermal/PCI  MDM  2004
Pentland % 295 2890  Thermal/PCI  MDM  2004
AUSTRALIAN TOTAL 227 1901 2128 740 7170
South Gobi – North (BNU North) 15 9 3 27 Coking Craig Williams 2012
 South Gobi – EL 12600X  – 15  15 26 45  Troy Turner 2012
South Gobi – East (Hovguun)  –  –  41 41 Coking/Thermal Van Heeswijck 2004
South Gobi Total 15 9 59 83 26 45
Mid Gobi Total 32 189 221 Thermal Mark Biggs 2004
MONGOLIAN TOTAL 15 41 248 304 26 45
 TOTAL  15 268  2149  2432 766 7215

* The Hughenden Project consists of numerous tenements, and the Exploration Target relates to the group of tenements. The Inferred Resource relates to EPC1477 and EPC1478. @ The Clyde Park Project consists of 50.7Mt JORC 2004 Indicated Resource and 677Mt JORC 2004 Inferred Resource developed by MDM on EPC1260, an Exploration Target of 40Mt to 70Mt on EPC1250 estimated by Xstract and an Exploration Target of 0 to 745Mt estimated by Palaris on EPC1260. ^ The Kolan Project consists of two tenements, EPC1872 and EPC2003. % The Pentland Project was previously reported as part of the Hughenden Project.

Exploration Target

References to Exploration Targets in this document are in accordance with the guidelines of the JORC Code (2004). As such it is important to note that in relation to reported Exploration Targets any references to quality and quantity are conceptual in nature. Exploration carried out to date is insufficient to be able to estimate and report coal resources in accordance with the JORC Code (2004). It is uncertain if further exploration will result in the determination of a Coal Resource.

Exploration target on projects with current JORC resource are additional conceptual extension or new conceptual targets in the project area.

Competent Persons Statement

Information  that  relates  to  Coal Resources estimated for the BNU North deposit  is  based  on  information compiled  and reviewed by Mr Craig Williams, who is a Member of the Australian Institute of Mining & Metallurgy.

Mr Williams, Principal Consultant – Geology and a fulltime employee of HDR|Salva, has sufficient experience that is relevant  to  the  style  of  mineralisation  under  consideration  and  to  the  activity  which  he  is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and  Ore Reserves” (the JORC Code). Mr Williams consents to the inclusion in the report of the matters based on his information in the form and context in which they appear in the Release.

Information that relates to the Coal Resouces for Hovguun  in this report   relates to Exploration Results based on information compiled by Dr Aldo Van Heeswijck, who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Van Heeswijck was previously employed by HDR Salva and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Aldo Van Heeswijck consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Dr Van Heeswijck takes no responsibility for information derived from Moultrie Database and Modelling Pty Ltd or SGS Mongolia.

Technical information in this report in relation to coal quality and washability analysis of South Gobi Project and fluorite mineralisation on Mid Gobi Project has been compiled by Mr Peter Goodman, who is a Member of the Australasian Institute of Mining and Metallurgy (Member #307830) and has had sufficient experience which is relevant to the style of mineralisation under consideration and to the activities which are being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ . Mr. Goodman was previously employed by Terra Energy LLC (TerraCom Ltd subsidiary) and consents to the inclusion of the matters based on his information in the form and context in which it appears. Mr Goodman has over 10 years’ experience in the processing of fluorite type deposits and over 20 years’ experience in the design and construction of coal processing facilities.

JORC Resource Competent Persons Statement

Technical Information in this Report on Clyde Park and Springsure JORC has been prepared by Kim Maloney who has over 10 years of experience in coal mining and extractive industry throughout Australia. Kim has experience within the Central Queensland coal mines and has held various roles in these mine’s Technical Services, including Exploration Geologist, Mine Geologist and Geology Superintendent. Kim is a Competent Person for coal as defined by the JORC Code (2004). Kim is a Senior Resource Geologist, previously with Moultrie Geology. Her principal qualifications are a Bachelor of Science from James Cook University and a Masters of Business Administration (Human Resource Management) from the Central Queensland University. Kim is a Member of The Australasian Institute of Mining & Metallurgy (# 229120) and a Member of the Bowen Basin Geological Group.

Technical information in this report in relation to the exploration targets and JORC Resources for South Gobi, Middle Gobi, and Hughenden Projects has been compiled by Mr. Mark Biggs, previously Principal Geologist of Moultrie Database and Modelling (formerly a subdivision within Moultrie Group). Mr Biggs now works for ROM Resources Pty Ltd, Mr. Biggs is a member of the Australasian Institute of Mining and Metallurgy (Member #107188) and has over 25 years of experience relevant to the style and type of coal deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined by the Australasian Code for Reporting of Minerals Resources and Reserves (JORC) 2004. The resource information in this report is being released to the Australian Securities Exchange. Mark Biggs consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

The estimates of the Coal Resources presented in this Report are considered to be a true reflection of the Coal Resources as at 30thJune 2014 and have been carried out in accordance with the principles and guidelines of the Australian Code for Reporting of Coal Resources and Coal Reserves published in September 2004 (JORC Code).

The information in this report relating to the exploration target tonnage range and coal resources of 12600x is based on information reviewed by Mr Troy Turner who is a member of the Australian Institute of Mining and Metallurgy and is a full time employee of Xenith Consulting Pty Ltd. Mr Turner is a qualified geologist and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Turner consents to the inclusion in the report of the matters based on the information, in the form and context in which it appears.

Forward Looking Statements

This Announcement contains certain “forward‐looking statements”. The words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan”, “consider”, “foresee”, “aim”, “will” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future production, resources, reserves, sales, capital expenditure, earnings and financial position and performance are also forward‐looking statements. Such forward‐looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of TerraCom.