JAMESON RESOURCES LIMITED — Board/Management Information 2014

Feb 23, 2014

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ASX RELEASE
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24 February 2014

Fast Facts	ASX: JAL
S hareP riceR ange(6mths)	$0.19 -$0.28
S haresonissue	189,665,619
O ptions($0.15-$0.20)	10,976,390
M arketCapitalisation	~$40M
Major Shareholders
(as at February 14, 2014)
M acquarieBank	10.5%
P ershingAusN om P /L	5.0%

Directors & Management

DavidFaw cett(Chairman) ArtP alm (ExecutiveDirector& CEO ) DavidP rentice(N onExecutiveDirector) JeffBennett(N onExecutiveDirector)

Key Projects

Crown Mountain Coal Project ElkValleyCoalfield,Canada Dunlevy Coal Project P eaceR iverCoalField,Canada

Steve van Barneveld Appointed Director

Highlights

• With the advancement of the Crown Mountain and Dunlevy projects, the Board of Directors has elected to appoint Steve van Barneveld as a Non-Executive Director.

• Steve is a resource sector Executive with an engineering background and extensive coal industry experience, particularly in the areas of coal quality, processing, infrastructure construction, and operations.

• Steve will bring tremendous value to Jameson and provide a fresh insight to the Crown Mountain Prefeasibility Study.

• Additionally, Steve’s extensive experience in investor relations,

• together with his strong project development understanding, and Queensland location, will provide enhanced access for investors.

Jameson R esourcesL td (“ Jameson” ,the “ Company” )ispleased to announce the appointment of S teve van Barneveld asN on-Executive Director. M r. Barneveld w asnominated by the Board on February 21 afteran extensive search. S teve’sappointmentfillsavacancy created by lastyear’sdepartureof JohnHolmes.

Investment Highlights

• P ositionedinw orldclassm etallurgical coalfields

• S ignificantdevelopmentexpertiseon boardw ithsuccessfultrackrecord

• M odernrailandportfacilities

• S trongfinancialposition

Newsflow / Catalysts

DunlevyN oW approval Q 1 2014e Dunlevyexplorationstarts Q 1 2014e Crow nP FS completion Q 2 2014e Dunlevyinitialexplresults Q 2 2014e O verview

M r. van Barneveld has29 yearsof experience in the mining industry,a significant portion of w hich w asspent w ith S edgman L imited,a leading internationaldesignerandbuilderofcoalhandlingandprocessingplants.

S teve w asthe ChiefO perating O fficerw ith S edgman during theirIP O on the AS X , and he oversaw a period of significant grow th and international expansion.

Based in Brisbane,S teve’s primary focus w ill be on investor relations, particularlyinAustraliaandAsia.

Contact Details

T heappointmentiseffectiveM arch1,2014.

Australia

L 2,79 HayS treet,S ubiacoW A,6008 P +61 (8)9200 4473 F +61 (8)9200 4463 Overview E admin@ jamesonresources.com .au

Canada

S 8,1199 W estHastings,Vancouver P +1 (604)629-8605

Jameson Chairman David Faw cett stated: “ We are very pleased to have attracted a person of Steve’s experience and ability. He will be a valuable asset in investor relations and provides a significant boost to the technical expertise of the Board, especially in the areas of coal quality, processing and infrastructure construction ” .

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www.jamesonresources.com.au

Discussion

Jameson,founded in 2007,hasevolved overthe yearsto be aleading explorerand developerof metallurgicalcoalresourcesin Canada. T he Company’stw o main projects,Crow n M ountain and Dunlevy,areadvancingandshow significantpotential.

Jameson’sphilosophy haslong been to maintain asmallbut technically competent Board. At present,Chairman David Faw cett and CEO Art P alm have acombined 75 yearsofcoalmining experience.

Duetoaresignationlastyear,avacancyhasexistedforalmostfourmonthsonthe5-memberBoard. T heCompany conducted aw ideand comprehensivesearchfortherightpersontofillthatvacancy. T he main focusw ason tw o attributes: (a)excellent shareholderrelationsskillsand (b)abroad technicalbackgroundtostrengthenandcomplimenttheskilllevelalready existingontheBoard. An essentialrequirement w asforthe candidate to reside in Australiaand be accessible to investors frequentlyandonshortnotice.

S teve van Barneveld meetsourrequirementsvery w ell. He has29 yearsofindustry experience, mostofw hich w asforaleadinginternationaldesignerand builderofcoalprocessing plants. T his skillw illbevery importanttotheCrow nM ountainandDunlevyprojects,ascoalw ashplantsarekey componentsbothintermsofqualityandcost.Inaddition,duringhiscareerS tevehasbeeninvolved heavily in investorrelationsand promotionalactivities. R esiding in the Brisbane area,he haseasy accessto Jameson investorsin the eastern statesand can readily travelto otherareasofAustralia andAsiaasw ell.

Asourprojectsmoveforw ard,theCompany w illcontinuetoevaluatethemakeupofourBoard,and movetoaddcertainskillareasw henappropriate.

O nbehalfoftheBoardofDirectors,

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Art Palm ChiefExecutiveO fficer

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About Jameson Resources Limited

Jameson R esourcesL imited (AS X :JAL )isajuniorresourcescompany focused on the acquisition,exploration anddevelopmentofstrategiccoalprojectsinw esternCanada. T heCompany hasa90% interestintheCrow n M ountain coalproject,and a100% interest in the P eace R ivercoalprojectslocated in British Columbia. Jameson’stenement portfolio in British Columbiaispositioned in coalfieldsresponsible forthe majority of Canada’smetallurgicalcoalexportsandareallclosetorailw aysconnectingtoexportfacilities.

T olearnmore,pleasecontacttheCompanyat+61 89200 4473,orvisit: www.jamesonresources.com.au

Forward Looking Statements

This announcement contains “forward-looking statements”. Such forward-looking statements include, without limitation: estimates of future earnings, the sensitivity of earnings to commodity prices and foreign exchange rate movements; estimates of future production and sales; estimates of future cash flows, the sensitivity of cash flows to commodity prices and foreign exchange rate movements; statements regarding future debt repayments; estimates of future capital expenditures; estimates of resources and statements regarding future exploration results; and where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to commodity price volatility, currency fluctuations, increased production costs and variances in resource or reserve rates from those assumed in the company’s plans, as well as political and operational risks in the countries and states in which we operate or sell product to, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s Annual Reports, as well as the Company’s other filings. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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www.jamesonresources.com.au