Celsius Resources Limited — Regulatory Filings 2012

Jul 23, 2012

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24[th] July 2012

The Manager ASX Market Announcements Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000

Dear Sir/Madam,

RESEARCH REPORT ON CELSIUS COAL LIMITED

The Board of View Resources Limited – ASX:VRE (to be renamed Celsius Coal Limited – ASX:CLA) is pleased to advise that Breakaway Research has recently released a report covering Celsius operations. To view a copy of the report, please visit our website at www.viewresources.com.au

Breakaway Research is an independent research company. It is a member of the Breakaway Investment Group - an Australian financial services company that specialises in the resource sector; providing funds management, equity research and corporate advisory services.

Yours faithfully,

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Ranko Matic Company Secretary

Level 1, 12 Kings Park Road, West Perth WA 6005 PO Box 44, West Perth WA 6872 Ph: (08) 9226 4500 Fx: (08) 9226 4300 ACN 009 162 949