JAMESON RESOURCES LIMITED — Capital/Financing Update 2015

May 28, 2015

29 MAY 2015

Fast FactsShare Price RangShares on IssueOptions ($0.16 -Market Capitalisa	ASX: JALe (6mths)$0.04 - $0.10208,465,619$0.20)16,300,000tion~$9M

Major Shareholders
(as at May 28, 2015)
Macquarie Metals & EnergyRobert J Devereux	9.7%5.4%

Directors & Management

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

Key Projects

Crown Mountain Coking Coal Project Elk Valley Coal Field, 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

Significant Reduction In Dunlevy Acquisition Costs

Highlights

• The original vendors of the Dunlevy Project have unanimously agreed to accept a 90 percent reduction in the remaining acquisition compensation.

• While Jameson continues to aggressively pursue an environmental permit for the Crown Mountain Coking Coal Project in southeast British Columbia, Dunlevy has been put on hold until its region, northeast British Columbia, begins to recover.

• Instead of issuing the remaining 6 million shares required by the Dunlevy acquisition agreement, a total of 600,000 shares will be issued.

• This agreement allows Jameson to retain Dunlevy at greatly reduced cost (and dilution), preserving the Company’s representation in the Peace River coal field and offering future developmental opportunities.

Jameson Resources (“Jameson”, the “Company”) has been diligently reviewing its portfolio of coal properties in Canada and concluded the cost of retaining Dunlevy, in terms of the remaining shares to be issued as compensation to the original vendors of the project, could not be justified.

In accordance with the terms of the 2011 Dunlevy acquisition agreement, an additional consideration of 6 million shares was to be issued. Jameson is pleased to announce that the three Dunlevy vendors have agreed to accept a significant reduction in the remaining compensation: a total of 600,000 shares will now complete the acquisition agreement. In June, 300,000 shares will be issued, followed by a final 300,000 shares in June of 2016.

• Strong financial position

Newsflow / Catalysts

Overview

OverviewNewsflow / Catalysts
Crown EA work groups	Q2 2015e
Crown PFS enhancementsCrown permit progress	ongoingongoing

Contact Details

Overview

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

The Company is very grateful to the original Dunlevy vendors for agreeing to this reduction, and allowing Jameson to retain Dunlevy in addition to our other key holdings in northeast British Columbia: the Graham River, Peace Reach, and Carbon East projects.

Although Jameson remains focused on advancing the flagship Crown Mountain project, the Peace River holdings continue to represent significant potential upside at a low holding cost.

On Behalf of the Board of Directors,

Canada

Suite 800, 1199 West Hastings, Vancouver P +1 (604) 629-8605

Art Palm Chief Executive Officer

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www.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 a 90% interest in the Crown Mountain 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