JAMESON RESOURCES LIMITED — Capital/Financing Update 2014

Sep 24, 2014

25 SEPT 2014

- Share Placement Completed

Crown Mountain Project Continues To Advance

Fast Facts ASX: JAL

Share Price Range (6mths)	$0.13 - $0.23
Shares on issue Options ($0.15 -$0.20)	189,665,619 10,976,390
Market Capitalisation	~$24M

Major Shareholders (as at September 23, 2014)

Macquarie Metals & Energy Robert J Devereux	10.5% 5.4%
Timothy Lyons	5.1%
Zero Nominees	5.1%

Directors & Management

David Fawcett (Chairman) Art Palm (Executive Director & CEO) Jeff Bennett (Non Executive Director) Steve van Barneveld (Non Exec Director)

Key Projects

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

Investment Highlights

• Positioned in world class metallurgical coalfields

• Significant development expertise on board with successful track record

• Modern rail and port facilities

• Strong financial position

Newsflow / Catalysts - update

Highlights

• A total of $2.0 million (before costs) has been subscribed via share placement.

• 14.3 million shares issued at $0.14 with a 1 for 1 free attaching option, exercisable at $0.16 and expiring 30 September 2016.

• Funds will be applied to continuing the environmental permitting process and related work at the Crown Mountain Coking Coal Project.

Jameson Resources Limited (“Jameson” or the “Company”) is pleased to advise that it has entered into an agreement to raise approximately $2.0 million before costs (“the Placement”).

Final firm commitments for $2.0 million, comprising 14,300,000 shares at a price of $0.14 with an attached option at $0.16 (30 September 2016 expiration date) have been received. Euroz Securities Limited is the lead manager for the Placement, which will be made to qualifying institutional and sophisticated investors.

The shares will be issued in accordance with the Company’s 15% annual placement capacity under ASX Listing Rule 7.1, and additional 10% shareholder approved placement capacity under Listing Rule 7.1A. Settlement is expected to occur over the next 10 days.

Funds raised through the Placement 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 (PFS) result and is being fast-tracked by the Company.

On Behalf of the Board of Directors,

Dunlevy initial exploration Q3 2014 Crown PFS completion Q3 2014 Crown EA Project Description Overview Q3 2014 Dunlevy initial expl results Q3 2014

Contact Details

Art Palm Chief Executive Officer

Australia

L2, 79 Hay Street, Subiaco WA, 6008 Overview P +61 (8) 9200 4473 F +61 (8) 9200 4463

• E admin@jamesonresources.com .au

Canada

S8, 1199 West Hastings, Vancouver P +1 (604) 629-8605

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www.jamesonresources.com.au

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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 a 90% interest in the Crown Mountain Coking Coal project, and a 100% interest in the Peace River coal projects 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 all close to railways connecting to export facilities.

To learn more, please contact the Company at +61 89200 4473, or visit: 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