HYTERRA LTD — Capital/Financing Update 2014

Oct 14, 2014

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ASX ANNOUNCEMENT

15 October 2014 by e-lodgement

UPDATE ON BLUE SKY POWER HOLDINGS TRANSACTION

The Directors of Triple Energy Ltd (ASX: TNP, “Company”) provide a further update on the proposed funding transaction with Blue Sky Power Holdings Limited, (“BSP”), of Hong Kong, announced on 13 August, 2014.

Further to the update released on 10 October 2014 ( Update ), the Company has now received the balance of the initial deposit of US$500,000 and both parties are continuing to work together to progress the transaction as previously outlined in the Update.

CONTACT DETAILS FOR FURTHER INFORMATION;

Paul Underwood

T: + 61 (0) 408 557 821

E: underwoodpw@tripleenergy.net

Triple Energy Ltd ACN 116 829 675 Unit 15, 100 Railway Road, Subiaco WA 6008 Email underwoodpw@tripleenergy.net Web www.tripleenergy.net

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About Triple Energy and the Aolong Joint Venture project

Triple Energy is an Australian registered Oil & Gas exploration company listed on ASX. Triple Energy’s ordinary shares trade under the code TNP.

Triple Energy holds an 80% interest in a Cooperative Joint Venture ( CJV , known as Aolong Energy ( Aolong JV ) with LongMay Coal Mining Company ( Longmay ), one of China’s largest State-owned coal mining companies. The CJV has the objective of degassing the coal mining leases held by Longmay and has a life of 45 years.

The equity in the CJV with Longmay is as follows;

Triple Energy Ltd* - 80% (Operator) LongMay Coal Mining Company – 20%

*via its wholly-owned Hong Kong registered subsidiary CFT Heilongjiang (HK) Limited

The CJV operates pursuant to the coal mining leases held by Longmay with the Joint Venture Agreement registered with the relevant Chinese Government authorities. The CJV is staged, initially covering five mine areas, with exclusive access that can ultimately extend the CJV area to cover up to a total of 42 mine areas.

The CJV was formed such that the coals identified for future underground mining by Longmay can be de-gassed and hence facilitate safer mining operations in the future. The coals in the respective lease areas have a history of explosions and fires whilst mining and core drilling, due to high gas content.

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Approximate Location of CJV areas

The recently drilled Xian Xian-1 well intersected;

• A total of 63.4 meters of coal seams

• 47.2 meters of coal seams with a thickness of > 2 meters per seam

• 36.8 meters of gassy coal seams at Seam # 11 and below

Triple Energy Ltd ACN 116 829 675 Unit 15, 100 Railway Road, Subiaco WA 6008 Email underwoodpw@tripleenergy.net Web www.tripleenergy.net