COKAL LIMITED — Capital/Financing Update 2013

Jul 7, 2013

T +61 7 3001 4100 E info@cokal.com.au Level 34, Riverside Centre, 123 Eagle Street, Brisbane QLD 4000 PO Box 7122, Brisbane QLD 4001 ABN 55 082 541 437 (ASX: CKA) www.cokal.com.au

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ASX ANNOUNCEMENT - July 8, 2013

COKAL, PRIVATE PLACEMENT TO BLUMONT GROUP Ltd

Global metallurgical coal group, Cokal Limited (ASX-CKA), is proud to announce a private placement in the Company to Blumont Group Ltd (“Blumont”). The Company will issue Blumont with 60,057,034 fully paid ordinary shares in Cokal Ltd at a price of A$0.16 per share, raising A$9,609,125.44, before costs. On issue, the placement shares will rank equally with all other ordinary shares then on issue.

The placement will be issued in 5 tranches in line with the Company’s planned drilling and detailed Engineering plans and will be used to fund that work and for general corporate purposes.

Tranche	Placement Shares:	Settlement date
1	16,250,000 Placement Shares (@ A$0.16 = A$2,600,000)	15 July 2013
2	14,062,500 Placement Shares (@ A$0.16 = A$2,250,000)	15 August 2013
3	14,062,500 Placement Shares (@ A$0.16 = A$2,250,000)	13 September 2013
4	12,500,000 Placement Shares (@ A$0.16 = A$2,000,000)	15 October 2013
5	3,182,034 Placement Shares (@ A$0.16 = A$509,125.44)	15 November 2013

The Placement will be completed within Cokal’s 15% placement capacity, the placement shares are expected to be issued within days of receipt of the applications funds.

Blumont is a Singapore based investment company which is listed on the Singapore Exchange and has a market capitalisation of approximately A$2 B. Blumont has recently been expanding its interests in mining.

Cokal Executive Chairman Peter Lynch said the Company was very pleased to have the support of Blumont which has a mining focus as part of its longer term investment strategy and is looking to develop mining opportunities in the Asian region. This is ideal opportunity for Cokal to expand its shareholder base into Asia with a mining focused strategic investor.”

“The placement to Blumont will provide sufficient funds to complete the drilling programme and the definitive feasibility study for BBM project. “

The Company remains focussed on getting the BBM project into production in 2014 and Cokal continues to receive strong interest from some of the world steel industry’s biggest participants. They are motivated to support the potential for a new metallurgical coal basin which allows them to diversify their current raw material supply away from the existing limited geographic locations which are dominated by the majors.

ENDS

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Further enquiries:

Peter Lynch Andrew Crook Chairman Media Enquiries Mobile: 0419 764 747 Mobile: 0419 788 431

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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8 July 2013