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JAMESON RESOURCES LIMITED Fund Information / Factsheet 2014

Nov 20, 2014

65152_rns_2014-11-20_4edc13ab-6588-4edf-a810-4a49e0d584b2.pdf

Fund Information / Factsheet

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21 NOVEMBER 2014

Fast Facts ASX: JAL

Share Price Range (6mths) $0.08 - $0.18 Shares on issue 203,965,619 Options ($0.16 - $0.20) 16,300,000 Market Capitalisation ~$22M

Major Shareholders (as at November 20, 2014)

Macquarie Metals & Energy 9.8%
Robert J Devereux 5.4%

Directors & Management

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

Key Projects

Exploration License Update Dunlevy Coal Project

Jameson Resources Limited (“Jameson” or “the Company”) has received an update from the British Columbia Ministry of Energy and Mines (MEM) concerning the Company’s five outstanding applications in the Dunlevy project area.

The Chief Gold Commissioner of British Columbia has exercised her authority to expand on the existing Coal Land Reserve in the area, which is intended to address certain wildlife and First Nations concerns. As a result, MEM has cancelled the five applications.

This does not affect the status of the two approved Dunlevy licenses, on which exploration was recently conducted in July and August. Jameson continues to believe those two licenses represent the most promising exploration target in the Dunlevy project area.

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

Investment Highlights

While this decision does not come as a complete surprise (in December 2013 MEM approved two of Company’s seven pending applications, leaving five applications unapproved) Jameson does intend to explore its options regarding appealing/reversing this action.

  • 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 Q4 2014e Crown PFS enhancements Q4 2014e Crown contractor strategy Q4 2014e Crown blending strategy Overview Q4 2014e

Dunlevy is one of four coal projects the Company acquired in northeast British Columbia in late 2011, which are collectively referred to as the Peace River Projects. Jameson has no short-term plans to conduct further exploration on these projects, but remains committed to holding the properties in anticipation of an improving coal market.

This action by MEM has no affect whatsoever on the flagship Crown Mountain Coking Coal Project, which recently entered the pre-application phase of the Environmental Assessment process and continues to advance on a priority basis.

Contact Details

Australia

Suite 1, Ground Floor, 83 Havelock Street West Perth, WA 6005 Overview P +61 (8) 9200 4473 F +61 (8) 9200 4463 E [email protected] .au

Art Palm Chief Executive Officer

Canada

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

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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