BREAKTHROUGH MINERALS LIMITED — Capital/Financing Update 2015

Jul 27, 2015

28 July 2015

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Tancoal Debt Facilities Increased

Intra Energy Corporation Limited (ASX:IEC) is pleased to announce that KCB Bank Tanzania Limited (“KCB Bank”) has agreed to increase the current debt facilities offered to Tancoal Energy Limited (“Tancoal”). The increase in the overdraft facility will assist to fund proposed capital expenditure in FY16 to facilitate the anticipated increase in production during the year.

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 of USD 1 Billion and broad regional distribution in six Eastern Africa countries.

Terms of KCB Bank Debt Facilities	Debt covenants	Fixed and Floating charge	Interest rate
Term Loan US$1,274,000	None	Yes	8% - USD Base Rate minus 1%
Bank Guarantee (existing US$625,000)	None	Yes	Bank fees apply
Invoice Discounting Facility (existing US$500,000)	None	Yes	8.5% - USD Base Rate minus 0.5%
Overdraft (existing US$500,000) (new limit US$1,000,000)	None	Yes	8% - USD Base Rate minus 1%

The limit of the overdraft facility has been increased from US$500,000 to US$1,000,000.

The outstanding debt facilities totalled US$3,399,000 as at 21 July 2015. An amount of US$255,000 of the bank guarantee is available for use, with the balance having been previously applied.

The expiry date of the debt facilities remains 30 November 2015.

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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