JAMESON RESOURCES LIMITED — Director's Dealing 2011

Dec 29, 2011

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity Jameson Resources Ltd

ABN 89 126 398 294

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr David Fawcett
Date of appointment	23 December 2011

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

4,000,000 non-voting, convertible, redeemable, preferred shares (“Exchangeable Shares”)

The Exchangeable Shares are issued in NWP Coal Canada Ltd (Jameson’s wholly owned Canadian subsidiary “NWPC”) and may be exchanged for Jameson fully paid ordinary shares on a one of one basis upon completion of relevant milestones pursuant to the terms of the Share Exchange Agreement between Jameson Resources Limited, NWPC and Dunlevy Energy Inc. announced 20 October 2011.

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Nexx Coal Inc (A Company in which Mr Fawcett is the sole shareholder)

Number & class of Securities 10,000,000 non-voting, convertible, redeemable, preferred shares (“Exchangeable Shares”) The Exchangeable Shares are issued in NWP Coal Canada Ltd (Jameson’s wholly owned Canadian subsidiary “NWPC”) and may be exchanged for Jameson fully paid ordinary shares on a one for one basis upon completion of relevant milestones pursuant to the terms of the Binding Letter of Intent between Jameson Resources Limited, NWPC and Nexx Coal Inc. announced 20 October 2011.

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	(1) Binding Letter of Intent between Jameson Resources Limited, NWPC and Nexx Coal Inc. dated 20 October 2011. (2) Share Exchange Agreement between Jameson Resources Limited, NWPC and Dunlevy Energy Inc. dated 20 October 2011.
Nature of interest	Refer Part 1. And Part 2. Above
Name of registered holder (if issued securities)	Refer Part 1. And Part 2. Above
No. and class of securities to which interest relates	Refer Part 1. And Part 2. Above

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002