BREAKTHROUGH MINERALS LIMITED — Capital/Financing Update 2017

Dec 11, 2017

ASX Release

12 December 2017

IEC NOVEMBER UPDATE

• November Production Record

• Coal Stockpile Ready for Rainy Season

• Sales tonnage for November adversely affected by availablility of trucks

Intra Energy Corporation Limited ("IEC" or "the Company") is pleased to announce that Tancoal Energy Limited (IEC 70% and National Development Corporation of Tanzania 30%) has recorded a record for production for the month of November 2017 of 59,061 tonnes, compared to 36,079 tonnes in November 2016. YTD production is 240,851 compared to 140,679 in the prior year.

A stockpile of 40,824 tonnes has been produced to manage surplus demand during the rainy season which has commenced. This is in line with Government requirements for surplus stock to avoid any disruption to industrial supply.

Sales were 40,885 tonnes compared to 35,370 in November 2016. YTD sales are 210,636 compared to 132,575 in the prior year. Sales were lower than October due to customers finding it difficult to hire trucks to pick up the coal but this is expected to only be a temporary shortage.

The increase in prices that has taken effect over the previous few months and the improvement in mining efficiency resulted in a small profit in October 2017.

Talks have been held with the Mtwara Port Authorities in Southern Tanzania to enable the preparations for coal to be exported from the port. Discussions are now being held with transport companies to optimise the efficiency of haulage to the port.

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IEC Chairman, Graeme Robertson, commented "It is pleasing to note the ability of the mine to produce at a rate of more than 700,000 tonnes per year although availability of trucks is of concern. It is important that trucks be allowed to haul trailers to attain higher payloads for coal and cement to enable competitive road haulage for regional and export trade. This is critical to Tanzania for development."

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ENDS

Shareholder Enquiries

Jim Shedd Chief Executive Officer Intra Energy Corporation Limited www.intraenergycorp.com.au Registered Office: Level 40, 2 Park Street, Sydney NSW 2000 Postal Address: PO Box 1930, North Sydney NSW 2059

About Intra Energy

Intra Energy is an environmentally responsible, diversified mining and energy group, focused on Eastern Africa, and is listed on the Australian Stock Exchange (ASX:IEC). IEC is a developer and producer of thermal coal in Eastern Africa operating under the motto of “African coal for African growth” and is the only operating thermal coal miner in Eastern Africa. Its flagship coal project is the Tancoal mine in the Ngaka coalfield of Tanzania, operated by Tancoal Energy Limited, a joint venture with the National Development Corporation of Tanzania.

Intra Energy has made significant progress with its Eastern African regional expansion strategy into new mining and renewable energy projects and battery storage materials, and maintains cost effective and efficient operations to remain a low cost producer in this dynamically growing region where it occupies the prime supply position.