JAMESON RESOURCES LIMITED — Capital/Financing Update 2016

Mar 2, 2016

3 March 2016

Cancellation of Exchangeable Shares

Fast Facts ASX: JAL

Share Price Range (6mths)Shares on IssueOptions ($0.16 - $0.20)	$0.01 - $0.04208,565,61916,300,000
Market Capitalisation	~$3M

Major Shareholders(as at March 2, 2016)
OverviewZero Nominees Pty Ltd	9.4%
Hillboi Nominees	5.9%

Directors & Management

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

Further to the ASX Announcement by Jameson Resources (“Jameson”, the “Company”) on 14 January 2016, advising of the British Columbia government voiding Jameson’s Carbon East, Peace Reach, and Graham River applications, the Company wishes to announce that the outstanding consideration in respect of this project has now been cancelled with the vendor. The balance of consideration consisted of 7,500,000 unexchanged preference shares in Jameson’s whollyowned Canadian subsidiary (“Exchangeable Shares”).

Additionally, any royalty obligations associated with the project pursuant to the Nexx Royalty Agreement are now deemed to be at an end.

On Behalf of the Board of Directors,

Key Projects

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

Art Palm Chief Executive Officer

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

Crown EA work groups ongoing Crown PFS enhancements ongoing Crown enviro permit progress ongoing

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

Canada

Suite 800, 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 coal project, and a 100% 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 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