HYTERRA LTD — Capital/Financing Update 2015

Aug 31, 2015

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ASX ANNOUNCEMENT

31 August 2015 by e-lodgement

DRILLING ACTIVITES UPDATE

The Directors of Triple Energy Limited (ASX: TNP, Triple or Company ) provide the following update on drilling activities at the Niaoshan-1 on the Company’s Aolong Joint Venture project in the People’s Republic of China.

NIAOSHAN-1 WELL

As of 10am on 31 August 2015 the well had reached a depth of 980 metres (measured depth) and was drilling ahead. The next major coal seams are expected to be intersected below 1,100 meters.

YIXIN-1 WELL

As previously announced, a second rig has been mobilised and is currently en route to the wellsite. The well has a planned depth of around 1,020 metres.

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 6, 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 Limited 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) 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, 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 underground explosions and fires whilst mining and core drilling, due to high gas content.

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Approximate Location of CJV areas

The Xian Xian-1 well drilled in 2013 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 6, 100 Railway Road, Subiaco WA 6008 Email underwoodpw@tripleenergy.net Web www.tripleenergy.net