JAMESON RESOURCES LIMITED — Capital/Financing Update 2015

Feb 23, 2015

24 FEBRUARY 2015

Fast Facts ASX: JAL

Share Price Range (6mths)	$0.07 - $0.16
Shares on Issue	206,465,619
Options ($0.16 - $0.20) Market Capitalisation	16,300,000 ~$14M

Major Shareholders (as at February 23, 2015)

Macquarie Metals & Energy Robert J Devereux	9.8% 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

Jameson Receives $548,000 Tax Refund From British Columbia

Highlights

• An exploration tax credit of CAD $548,522.63 has been received from the government of Canada. An additional CAD $31,018 is being processed.

• These funds are a result of the exploration monies expended by Jameson on the Crown Mountain coking coal project during the 2012 and 2013 tax years.

• Funds received will be used to continue advancing the Crown Mountain Environmental Assessment and for general corporate purposes.

As announced in late January, Jameson Resources (“Jameson”, the “Company”) was advised by the Canada Revenue Agency (“CRA”) that a British Columbia Mining Exploration Tax Credit (“BCMETC”) in the amount of approximately CAD $0.5 million had been approved and was being processed.

The Company has now received the first of two payments from CRA: remittance of CAD $548,522.63 for exploration activities conducted during the 2013 tax year. An additional payment of CAD $31,018 for 2012 activity is expected shortly, making the total amount returned to Jameson approximately CAD $579,500.

• Modern rail and port facilities

• Strong financial position

Newsflow / Catalysts

The Company anticipates additional credits once the return for the 2014 tax year has been filed.

Overview

Crown EA work groups Crown PFS enhancements	Q1 2015e Q1 2015e
Crown contractor strategy	Q1 2015e
Crown blending strategy	Q1 2015e

Receipt of these funds further strengthens Jameson’s financial position as it continues to execute the environmental permitting process at the flagship Crown Mountain coking coal project.

Contact Details

Overview

Australia

On Behalf of the Board of Directors,

Suite 1, Ground Floor, 83 Havelock Street West Perth, WA 6005 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

Art Palm Chief Executive Officer

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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 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