COKAL LIMITED — Capital/Financing Update 2013

Jul 17, 2013

T +61 7 3001 4100 E info@cokal.com.au

Level 34 Riverside Centre, 123 Eagle Street, Brisbane QLD 4000 GPO Box 7122, Brisbane QLD 4001

ABN 55 082 541 437 (ASX: CKA) www.cokal.com.au

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ASX Announcement –18 July 2013

COKAL, PRIVATE PLACEMENT TO BLUMONT GROUP Ltd

Global metallurgical coal group, Cokal Limited (ASX:CKA) is pleased to announce that it has received the first tranche (A$2.6M) of the A$9.6M private placement to Blumont Group Ltd.

As announced on 8 July 2013, the Blumont Group placement will be issued in 5 tranches and will raise a total of A$9.6M by November 2013.

The Company has today issued the first tranche of 16,250,000 fully paid ordinary shares at a price of A$0.16 (raising A$2,600,000 before costs).

ENDS

Further enquiries:

Peter Lynch Chairman/CEO Mobile: 0419 764 747

Duncan Cornish Joint Company Secretary Phone: (07) 3212 6299

About Cokal Limited

Cokal (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture to explore for coal in Tanzania with Tanzoz Resource Company Limited.

Forward Looking Statements

Statements regarding plans with respect to the Company’s exploration properties are forward-looking statements. There can be no assurance that the Company’s plans for development of its properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company’s exploration properties.

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Date 18/07/2013