JAMESON RESOURCES LIMITED — Board/Management Information 2020

Mar 15, 2020

16 MAR 2020

ASX: JAL

Fast Facts

Share Price Range (6mths) $0.1975	Share Price Range (6mths) $0.1975	- $0.13
Shares on Issue	263,766,890
Market Capitalisation		~$34M
Major Shareholders
(as at 13 March 2020)
AustralianSuper		14.00%
Hillboi Nominees		6.24%
OverviewPerth Investment Corporation Ltd		6.14%

Directors & Management

Nicole Hollows (Non-Executive Chairman) Joel Nicholls (Executive Director) Steve van Barneveld (Non-Executive Director) Overview

Key Projects

Crown Mountain Coking Coal Project Elk Valley Coal Field, Canada Dunlevy Coal Project Peace River Coal Field, Canada

Investment Highlights

• ✓ Positioned in world class metallurgical coalfields

• ✓ Significant development expertise on board with successful track record

Changes to Board of Directors

Highlights

• Ms Nicole Hollows has been appointed to the Board as Non-Executive Chairman.

• Mr Joel Nicholls currently a Non-Executive Director of the Company has accepted the role of Executive Director.

• Mr Art Palm retires as CEO of the Company effective 15 March 2020.

Jameson Resources Limited (ASX:JAL) is pleased to announce that it has appointed Ms Nicole Hollows to the Board of Directors as Non-Executive Chairman.

Ms Hollows brings with her a wealth of experience in the resources sector, including permitting, funding, developing and operating mines. Ms Hollows previous roles included Chief Executive Officer/Managing Director of Macarthur Coal Limited from 2007 to 2011, when they were acquired by Peabody Energy for A$5 billion, Managing Director of AMCI Group Australia and South East Asia, and most recently, Chief Executive Officer for Sunwater Limited.

Currently, Ms Hollows serves as a Non-Executive Director of Downer EDI Limited as well as a member of various advisory committees on a voluntary basis. She is a member of the Institute of Chartered Accountants, fellow of the Australian Institute of Company Directors and Chief Executive Women.

Ms Hollows commented “ I look forward to working closely with the Jameson team, and their key partner Bathurst Resources who remain focused on progressing the Crown Mountain Coking Coal Project through permitting towards production, and delivering increased value for shareholders. I also look forward to the future as part of the Jameson Board” .

• ✓ Modern rail and port facilities

• ✓ Strong financial position

Newsflow / Catalysts

Strategic Partner Complete Exploration Program Complete Coal quality lab analysis Complete Crown Mtn EA Application In Progress Crown Mtn Design Engineering In Progress Bankable Feasibility Study In Progress

The Company is pleased to advise that Mr Joel Nicholls has accepted the role as Executive Director of the Company effective 15 March 2020.

Mr Nicholls has served as a Non-Executive Director to the Company since his appointment 15 September 2016.

The terms of Mr Nicholls appointment are as follows:

• ➢ Executive remuneration - $80,000 per annum plus superannuation

• ➢ Termination at any time on 3 months’ notice in writing

• ➢ Eligibility to participate in the Company’s Employee Incentive Plan.

Contact Details

Australia

Suite 5, 62 Ord Street West Perth, WA 6005 P +61 (8) 9200 4473 F +61 (8) 9200 4463 E admin@jamesonresources.com .au

On 16 December 2019, Mr Art Palm, CEO, announced his retirement from the Company as of 15 March 2020. Mr Palm has agreed to remain available to the Company beyond this date in order to assist to ensure a smooth handover.

Mr Palm has been with the Company since August 2009 and has been instrumental in the growth and financial security of the Company’s flagship project, Crown Mountain.

Canada

Suite 810, 789 West Pender Street Vancouver, BC V6C 1H2 P +1 (604) 629-8605

The Company thanks Mr Palm for his years of service and wishes him well in his retirement.

www.jamesonresources.com.au

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This announcement is authorised for release to the market by the Board of Jameson Resources Limited

For further information, please contact Joel Nicholls Executive Director joel.nicholls@jamesonresources.com.au

About Jameson Resources Limited

Jameson Resources Limited (ASX:JAL) is a junior resources company focused on the acquisition, exploration and development of strategic coal projects in western Canada. The Company has an 80% interest in NWP Coal Canada Limited (“NWP”) which holds a 90% interest in the Crown Mountain coal project, and a 100% direct interest in the Dunlevy coal project located in British Columbia. Jameson’s tenement portfolio in British Columbia is positioned in coalfields responsible for the majority of Canada’s metallurgical coal exports and are close to railways connecting to export facilities.

To learn more, please contact the Company at +61 8 9200 4473, or visit: www.jamesonresources.com.au

About Bathurst Resources Limited

In July 2018, a subsidiary of Bathurst Resources Limited (ASX:BRL) acquired an 8% interest in NWP, with option to increase that interest to 50% subject to certain milestones and additional payments. Exercise of the Tranche One Option, in September 2019, increased Bathurst’s interest in NWP to 20%.

In September 2017, Bathurst took control and ownership of three mines from Solid Energy through its 65% joint venture BT Mining. The Bathurst Group of companies now employs almost 600 people in New Zealand. Bathurst is the largest coal company operating in New Zealand with over 2.4 million tonnes per annum of coal under management. Approximately 75% of coal revenue is generated from the steel making sector, both domestically and for export to Asian coke makers and steel mills. The remainder is sold to domestic users in the agricultural and energy sectors.

The Bathurst operations are long life assets with extension potential for all operations beyond their current mine life. Bathurst is focussed on low cost, sustainable mining with a strong focus on the local communities and environmental management.

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