BREAKTHROUGH MINERALS LIMITED — Capital/Financing Update 2014

Nov 30, 2014

1 December 2014

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Refinancing of Tancoal Debt Facilities

Intra Energy Corporation Limited (ASX:IEC) is pleased to announce that KCB Bank Tanzania Limited (“KCB Bank”) have completed the refinancing of the debt facilities of Tancoal Limited (“Tancoal”) from National Bank of Commerce Limited (“NBC”).

IEC has a joint venture with National Development Corporation of Tanzania. Tancoal is the leading supplier of coal to the industrial markets in the Eastern African region. KCB Bank is Eastern African’s largest banking institution with an asset base of USD 4.5 Billion, a market capitalization USD 1 Billion and broad regional distribution in 6 Eastern Africa countries.

Terms of existing NBC Debt Facility	Terms of existing NBC Debt Facility	Terms of KCB Bank Debt Facility	Terms of KCB Bank Debt Facility
Debt covenants	 EBITDA interest	Debt covenants	No debt
	coverage of 2x		covenants.
	 EBITDA debt
	servicing of 1.5x
Security	Non-recourse to the	Fixed and Floating
	mining equipment	charge
Interest rate	8%	Interest rate	8%

The release of the restrictive debt covenants shows the confidence a major lender in the region has in Tancoal and its future development. The outstanding debt facilities totalled US$2.2m as at 21 November 2014. The refinancing is expected to have a material cash flow benefit for Tancoal in Year 1 of the facility term, as the repayment of principal is extended from one to three years.

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Female equipment operator at the Tancoal mine

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Water pump provided by Tancoal to the school - children at the Ruanda Village School.

For further information please contact:

Shareholder Enquiries Jonathan Warrand

Non-Executive Director Intra Energy Corporation Limited Tel: (02) 9199 5511 www.intraenergycorp.com.au

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