JAMESON RESOURCES LIMITED — Capital/Financing Update 2014

Oct 1, 2014

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Level 2, 79 Hay Street Subiaco WA 6008 West Perth WA 6872 Telephone +61 8 9200 4473 Facsimile +61 8 9200 4463 www.jamesonresources.com.au

2 October 2014

ASX Companies Announcements Office

Jameson Resources Limited (ASX Code: JAL) Placement Under Listing Rule 7.1A, and Notification under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Jameson Resources Limited (“Jameson” or “Company”) is pleased to announce it has completed a placement of $2 million via an issue of 14,300,000 Shares at $0.14 per Share with 14,300,000 free attaching options (on a one for one share basis) exercisable at $0.16 on or before 30 September 2016 to investor clients of Euroz Securities Limited (“Euroz”). As part of this placement the Company issued 11,899,843 Shares and 14,300,000 Options pursuant to Listing Rule 7.1 and 2,400,157 Shares pursuant to Listing Rule 7.1A.

Funds raised will largely be used to fund the ongoing environmental assessment work on the Company’s Crown Mountain Coking Coal Project, Jameson’s flagship project that recently received an outstanding Prefeasibility Study result and is being fast tracked by the Company.

The Company provides the following information in accordance with ASX Listing Rules 7.1A4(b) & 3.10.5A with respect to the above placement.

(a) Details of the dilution to existing holders of ordinary securities caused by the issue:

Dilution to existing shareholders as a result of the Placement share issue:

• Under Listing Rule 7.1 is 6.27%; and

• Under Listing Rule 7.1A is 1.27%.

Total dilution to existing shareholders as a result of the placement is therefore 7.54%.

Further details of the approximate percentage of the issued capital post the 7.1A placement held by the pre-placement security holders and new security holders are as follows:

Shareholder Class	% holding postplacement
Pre-placement securityholders who did notparticipate in theplacement	89.1%
Pre-placement securityholders who didparticipate in theplacement	4.2%
Participants in theplacement who were notpreviouslysecurityholders	6.7%

• (b) Where the equity securities are issued for cash consideration, a statement of the reasons why the eligible entity issued the equity securities as a placement under rule 7.1A and not as (or in addition to) a pro rata issue or other type of issue in which existing ordinary security holders would have been eligible to participate:

The Company considered the pricing (on par with the Company’s 15 day VWAP prior to completion of the placement) and the quality of the investor clients present a benefit to all shareholders and a placement is a more efficient and expedient method of raising funds to achieve its stated objectives which would not be otherwise available under an entitlements issue.

(c) Details of any underwriting arrangements; including any fess payable to the underwriter:

The Placement was not underwritten.

(d) Any fees or costs incurred in connection with the issue:

Fees of 6% of the funds raised by the placement are payable by the Company.

Notification under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

1. On 2 October 2014, Jameson issued 14,300,000 fully paid ordinary shares at $0.14 per Share with 14,300,000 free attaching options (on a one for one basis) to investor clients of Euroz without disclosure to investors under Part 6D.2 of the Corporations Act.

2. As at the date of this notice:

   • a) Jameson has complied with the provisions of Chapter 2M of the Corporations Act as they apply to Jameson;

   • b) Jameson has complied with section 674 of the Corporations Act; and

   • c) there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed under section 708A(6)(e) of the Corporations Act.

Yours faithfully,

For and on behalf of Jameson Resources Limited

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Suzie Foreman Company Secretary