JAMESON RESOURCES LIMITED — Investor Presentation 2017

Nov 7, 2017

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Suite 5, 62 Ord Street, West Perth WA 6005 Telephone +61 8 9200 4473 Facsimile +61 8 9200 4463 www.jamesonresources.com.au

8 November 2017

Investor Presentation

Attached is an investor presentation for Jameson Resources Limited (“Jameson” or the “Company”). In association with the AGM the Company will be conducting investor update presentations in Brisbane, Sydney, and Melbourne over a 2-week period. The presentation will also be made at the Company’s Annual General Meeting (“AGM”).

The Company has announced that it will be holding its AGM at 10.00 EST on Wednesday 15 November 2017 at the Melbourne Marriott Hotel, corner of Lonsdale and Exhibition Streets, Melbourne, Victoria. A Notice of Meeting has been dispatched to shareholders. The Company welcomes shareholder attendance at its AGM and I look forward to meeting you there.

Yours sincerely

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Art Palm Chairman & Chief Executive Officer

INVESTOR PRESENTATION NOV 8[th] 2017

Investment Highlights

POSITIONED IN WORLD CLASS COKING COAL FIELDS

PROXIMAL TO INFRASTRUCTURE

KEY PROJECT MOVING FORWARD IN 2017

HIGH QUALITY LOW COST

SIGNIFICANT DEVELOPMENT EXPERTISE ON BOARD

Jameson is a pure coking coal Company with its flagship project, Crown Mountain, located within Canada’s prolific Elk Valley coal field, home to five operating mines.

Crown Mountain is located in a mature mining region, proximal to a road network and an extensive rail system linking to three well established deep water coal ports.

Crown Mountain is completing the formal phase of the EA pre-application process, with drafting of the EA Application underway. Design engineering work has commenced on the spoil disposal methodology.

Crown Mountain product is estimated to be 84% hard coking coal, with a high relative CSR and low volatile content. An April 2017 PFS Update shows robust economics with low OPEX and CAPEX. FOB cash cost is US$75/t.

Jameson’s Board has broad expertise in successfully developing and managing coal mines and processing facilities.

2

Company Snapshot

Art Palm – Chief Executive Officer and Chairman

• Mining engineer with over 40 years of experience

• Engineering, Operations & Executive positions at major US coal producers

• Extensive experience designing and managing mines (surface and underground) and coal preparation plants

Steve van Barneveld – Non-Executive Director

• Process engineer with over 30 years experience

• Majority of years spent with Sedgman Limited, ultimately as COO and leading Strategy and Growth

• Extensive experience in asset development, design, construction, and operations management

Joel Nicholls - Non-Executive Director

• Over 8 years financial and technical experience in resources industry.

• Chartered Accountant; graduate degree in Mineral Exploration Geoscience.

Suzie Foreman - Company Secretary

• Chartered Accountant with over 18 years of financial and corporate governance experience specialising in mining and exploration.

Share Capital	Share Capital
Recent Share Price	A$0.10
Shares Outstanding	257m
Market Capitalisation	A$26m
Trading Range (6 month)	A$0.08 to A$0.12
Cash Reserves*
Cash on Hand (30-SEP-2017)	A$4.2m
Options
Options(A$0.105 exercise price)	7.1m
Ownership
Top 20 Shareholders	63.4%
JP Morgan Nominees Australia Limited	16.8%
Hillboi Nominees	5.5%
Resources and Reserves
Reserves	56m tonnes
Resources - Measured & Indicated	75m tonnes**
Resources - Total	99m tonnes**

• Jameson Resources is debt-free

• ** Measured and Indicated Resources include noted Reserves

3

Crown Mountain Flagship Canadian Coking Coal Asset

• The Crown Mountain Coking Coal Project is located in southeast British Columbia

• The high quality nature of the North and East Block coking coal is comparable to the benchmark Low Vol Premium Hard Coking Coal produced globally

• British Columbia is a first class mining jurisdiction with significant history, numerous producing mines, established workforces and local communities that support mining

• Crown Mountain is proximal to existing infrastructure

• Crown Mountain is situated in the heart of the Elk Valley and Crowsnest coal fields amongst Teck’s existing Coking Coal operations

• Teck is the world’s second largest seaborne exporter of coking coal from its Elk Valley and Crowsnest coal field mines

• Crown Mountain represents a compelling opportunity for development of a coking coal project with an

attractive operating cost structure

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Crown Mountain

Geology

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5

Resources and Reserves

• The PFS Update confirmed a total reserve base at Crown Mountain of 56 million tonnes.

• Confidence in the geologic interpretation is high , as nearly 90% of the reserves are in the Proven category .

• Plant yields were estimated based on the summer 2013 exploration program. Average LOM plant yield is 53%. Early years (North Block) plant yield is 61%.

• The clean coal strip ratio for the first 4 years averages a low 7.5:1 BCM:t, and 9.8:1 LOM

RESOURCE AREA	Measured (Mt)	Indicated (Mt)	Measured & Indicated (Mt)	Inferred (Mt)	Measured, Indicated & Inferred (Mt)
North Block	8.0	6.0	14.0	0	14.0
South Block	60.9	0	60.9	0	60.9
Southern Extension	0	0	0	23.7	23.7
TOTAL	68.9Mt	6.0Mt	74.9Mt	23.7Mt	98.6Mt

Crown Mountain Resource 2014 (Effective March 11, 2014)

RESOURCE AREA	ASTM Group	Run of Mine Coal Reserves	Run of Mine Coal Reserves	Run of Mine Coal Reserves	Run of Mine Coal Reserves
		(Mt)
		Proven		Probable
		COKING	PCI	COKING	PCI
North Pit	Bituminous	7.3	0.7	4.9	1.2
East Pit		3.6	0.5	0	0
South Pit		31.7	5.9	0	0
Sub-Total		42.6	7.1	4.9	1.2
Total Proven & Probable		49.7Mt		6.1Mt
Total		55.8Mt

Run of mine surface mineable reserve summary (Effective April 1, 2017)

6

Proposed Project Facilities

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Crown Mountain PFS Update Highlights

• FOB cash cost of US$75/t life-of-mine (US$66/t first four years)

• Hard Coking Coal (HCC) comprises 84% of total clean coal production (balance is PCI)

• After-tax Payback Period of 2.3 years

• IRR is 40% pre-tax (31% after tax)

• NPV10 US$440 million pre-tax (US$267 million after tax)

• Start-up capital US$281 million (pre-contingency)

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• Life of mine clean coal strip ratio of 9.8:1 BCM:t (7.5:1 BCM:t in first four years) supports low cost open pit production

• Coal sales prices assumed are significantly lower than the 2014 PFS and current market.

8

Crown Mountain Operating Costs

Cost Category	Cash Cost Per Clean Tonne Initial Four Years US$	Cash Cost Per Clean Tonne Life-Of-Mine US$
Waste Removal	21.51	26.47
Coal Mining	3.32	4.35
Plant	6.25	7.76
Clean Coal Handling	2.24	2.24
Reclamation	1.01	1.01
Minor equipment	0.65	0.77
Marketing/Corporate	1.01	1.01
Administration	4.54	5.51
Total Costs – Site	40.53	49.13
Rail and Port Costs	25.50	25.50
Total Costs - FOB (pre-tax and royalty)	66.03	74.63

• Waste removal and coal mining costs based on Kiewit experience and comparables from other mines.

• Plant processing costs by Sedgman considering experience with similar facilities.

• Clean coal handling includes overland conveyor, trucking, and loading into rail cars.

• Administration costs include salaried staff at mine and plant.

• Rail and Port Costs based on publicly available data.

• Sustaining capital of US$4.18/t excluded from table.

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Crown Mountain Start-up Capital

Pre-Production Capital	US$M
Major Mobile Equipment	99.1
Minor Mobile Equipment	9.7
Wash Plant	63.7
Infrastructure(rail load-out, roads,power, offices, shopetc)andpermitting	93.2
Pre-Strip	15.6
SUBTOTAL – CAPITAL	281.3
Contingency@ 10%	28.1
TOTAL CAPITAL	309.5

The capital cost represents the total investment required for the development and construction of the mine, including:

• All estimated permitting, bankable feasibility, and design engineering expenses.

• Assumes all equipment is purchased new.

• Pre-stripping and initial pit haul roads are capitalized.

• Mining fleet includes Hitachi model EX-2600, EX-3600 and EX-5600 diesel powered excavators paired with CAT 793 haul trucks.

• Wash plant located near mining pits, with clean coal conveyed down mountain to truck haul and rail loadout.

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Crown Mountain’s low capital intensity is attributable to:

Crown Mountain Capital Intensity

• the topography of the project

• low initial development costs due to favourable pre-stripping ratio

• proximity to established infrastructure (power, rail and port)

• the impact of exchange rate variations

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Pre-production Capex (US$m)
350
300 28.1
15.6
250
93.2
200
150
63.8
100
50 108.8
0
Contingency @ 10%
Pre-Strip
Infrastructure and permitting
Wash Plant
Mobile Equipment
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Crown Mountain Coal Sales Prices

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PERIOD	COAL TYPE	NORTH	SOUTH
Life-of-mine	Hard Coking	$140 - $170	$126 - $153
	PCI	$92 - $112	$92 - $112

Selling prices used in the PFS Update are the average of each respective range above.

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Crown Mountain Metallurgical Coal Overview

METALLURGICAL COAL

• Metallurgical coal is predominantly sold in three forms – Hard Coking Coal (HCC), Semi-Soft Coking Coal and Pulverised Coal Injection

• HCC is the most valuable form of coal as there are no substitutes and it must be used in the production of steel by blast furnace method. The Crown Mountain coals are 84% HCC.

• Met Coal is converted to coke, a critical input in the steel production process

• Coke is used as a fuel and reducing agent in steel blast furnaces to convert iron ore into iron, and ultimately steel

• The majority of steel is produced by Basic Oxygen Furnace, which requires coking coal.

BASIC OXYGEN FURNACE

• Optimal operation of the blast furnace demands the highest quality raw materials, including high CSR coals such as those from Crown Mountain.

• The carbon content of coke plays a crucial role in terms of its effect in the furnace and on the hot metal quality

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Source: World Coal Association

• A blast furnace fed with higher quality coke requires less coke input, and results in higher quality hot metal and better productivity

• Approximately 600-750kg of metallurgical coal is used in the process to produce 1 tonne of steel

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Coal Quality

	Crown Mountain Coking Coal1	Crown Mountain Coking Coal1	Canadian NEBC HCC2	Canadian SEBC HCC2	Central Alberta2
	North and East Blocks	South Block
Total Moisture (% as received)	8 - 9	8 - 9	8 - 9	8 - 9	8 - 9
Volatile Matter (% dry)	20.5	18	23 - 24.5	21 - 27	17 - 27
Ash Content (% dry)	9	9	8.3 - 8.6	8.5 - 9.6	8.5 – 9.5
Sulphur Content (% dry)	0.6	0.6	0.45 - 0.55	0.35 - 0.75	0.45 - 0.5
Free Swelling Index (FSI)	7 - 8	4 - 5	7 - 8	6 - 8	5 - 7
Vitrinite Reflectance RoMax (%)	1.45	1.59	1.15 - 1.25	1.10 - 1.35	1.10 – 1.60
Maximum Fluidity (ddpm)	30	5	150 - 300	40 - 300	15 - 700
Phosphorus in Coal (% dry)	0.060	0.100	0.008 - 0.040	0.010 - 0.065	0.016 – 0.050
Base/Acid Ratio of Ash	0.07	0.05	0.12 - 0.18	0.07 - 0.10	0.11
CSR (Coke Strength after Reaction)	75	67	58 - 60	68 - 72	58 - 60

Quality Comparison of Crown Mountain Coal with Other Canadian Export Coking Coals Notes:

1 Results are based on laboratory scale washing and testing of exploration samples.

2 Results are based on full washing plant under operating conditions. Data source: Kobie Koornhof Associates

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Crown Mountain Coal Quality Comparison

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Source: Norwest

To attain the “blend quality target” it is necessary to include high CSR “Prime HCCs” to offset lower quality coals. As depicted above, the Crown Mountain coal products have higher CSR relative to most other coals.

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Crown Mountain

North & East Block Quality Factors Comparable to Peak Downs

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• North and East Block Crown Mountain Coal Strength after Reaction (CSR) and Volatile Matter are comparable to Peak Downs and the Platts Low Volatile Premium Hard Coking Coal benchmark

• This places Crown Mountain in a unique position with a premium quality Hard Coking Coal product not seen amongst ASX junior coal developers

• CSR is an indicator of the physical strength of a coke

• CSR is an important parameter in pricing of coking coals: coals with high CSR values receive better pricing

• Volatile Matter is important as it directly impacts the coke yield: volatiles are distilled off the coal in the coking process

• The lower the volatile matter, the more coke will be produced per ton of coking coal

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Crown Mountain

Low Vol Premium HCC not seen amongst ASX Junior Coal Developers

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• Crown Mountain coal quality as measured by CSR and Volatile Matter, key coking parameters, places it in a unique position amongst ASX junior coal developers

• The North and East Block coal compares favourably with the Platts Premium Low Volatile Matter HCC

• The South Block coal is a High CSR and low Volatile coking coal that compares favourably to the coal quality of the ASX listed junior coal developers presented above

• China’s changing environmental views and pollution control is now a major factor in determining the preference for higher quality, more efficient inputs (i.e. higher value met coal and high grade iron ore) as the Chinese steel industry looks to reduce its carbon footprint

• This emphasises the requirement for high quality coking coal (i.e. High CSR, Low Vol) and high grade iron ore

• This has been evidenced recently by the increasing spread between high and mid-quality iron ore

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Crown Mountain Seaborne Metallurgical Coal Market

METALLURGICAL COAL MARKET

• The Global Seaborne Met Coal market is approximately 290mt

• The Global Seaborne HCC market is approximately 171mt

• Canada is the third largest Metallurgical coal exporter behind Australia and the United States

• Canada currently exports approximately 25mt of metallurgical coal annually

• Canada exports its metallurgical coal to Japan, Europe, China and South Korea for blending

• Future opportunities include meeting forecast growing demand in India

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Major Seaborne Metallurgical Coal Market Imports (Mt) 2016 (F'cast)
Global Imports Canadian Exported Coal
60
7 4
50
7
40
30 7
20
10
0
Japan Europe India China Sth Korea Brazil Taiwan
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Source: Wood Mackenzie, Industry reports

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Crown Mountain Global Steel Markets

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• Steel consumption, and in turn metallurgical coal demand, exhibits a strong correlation with GDP growth

• China has implemented Supply Side Reforms over the last 18 months that have had a marked impact on the steel market and global seaborne metallurgical coal market

• China’s Belt and Road Policy will generate long term demand for steel and seaborne metallurgical coal with large commitments to develop infrastructure throughout Eurasia

• India is forecast to create long term seaborne metallurgical coal demand with their ‘Make in Steel, Make in India’ policy

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Crown Mountain China…Supply Side Reform, ‘Belt and Road’

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• Chinese Supply Side Reforms (‘SSR’) have included the permanent closure of numerous met coal mines and ~60mt of induction furnace capacity with the slack predominantly being picked up by existing blast furnace operations.

• The Chinese SSR have also contributed to tightening the metallurgical coal and steel markets with steel makers experiencing improved demand and profit margins in 2017.

• “Rising utilisation rates in Chinese blast furnaces, responding to the higher margins created by SSR of the steel industry amidst healthy demand, has underpinned demand for met coals at the higher end of the quality spectrum” (BHP Economic and Commodity Outlook August 2017).

• It is anticipated that a number of factors in China including low port inventories, high in-land logistics costs and potential accelerated rate of capacity reductions in 2018 may continue to contribute to an environment that is supportive of metallurgical coal prices.

• The China Belt and Road Initiative (also referred to as One Belt, One Road) is expected to further drive demand for steel and in turn met coal through the US$1t of projects that have been initiated to date

• Additionally there has been a concerted effort to relocate existing steel capacity (e.g. Guofeng Project, Hegang Project), expand (e.g. Shougang Jingtang Plant) and develop greenfield steel works (e.g. Shandong Steel’s Rizhao and Liusteel Fangcheng) to coastal locations near ports to enable procurement of high quality seaborne raw materials required for the operation of the large BOF’s being developed and minimising environmental pollution

• The initiative includes the construction of six major economic co-operation corridors and maritime ports across Eurasia

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Crown Mountain India…Make in Steel, Make in India

• In 2015 India overtook the United States to become the third largest steel producer in the world, but is the second lowest steel consumption per capita of the G20.

• The Indian Government has set a target of increasing steel production capacity from 122mt (2016) to 300mt by 203031. India currently imports ~85% of its metallurgical coal needs

• In the same period the Indian government is targeting an increase in domestic steel consumption per capita of 61.1kg to 158kg.

• Near term demand is expected to be driven by an initiative to connect 700,000 Indian Villages by 2019.

• In the medium term, initiatives including the US$100B development of the Delhi-Mumbai Industrial Corridor (forecast to include 6x Airports, 2x Ports, 1 x 6-Lane Expressway, 24x Smart Cities, 2x Power Plants and 23x Industrial Hubs).

• Blast Furnace operations were approximately 50mt (or 40%) of annual steel capacity at the beginning of 2017, and is anticipated to grow to 60-65% of steel capacity by 2030-31.

• The above factors are forecast to drive Indian metallurgical coal demand to 161mt by 2030-31 (Ministry of Steel Policy, 2017)

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Crown Mountain Infrastructure – Rail and Port Capacity

No capacity constraints on rail networks and ports currently undergoing expansion

RAIL

• Common user railway linking South East BC to deep water ports in Vancouver

• Rail is located 16km from the proposed washplant

• Canadian Pacific currently services the south-east BC coal fields

PORTS

• Western Canada has three available ports – Westshore, Ridley and Neptune

• Existing port capacity comfortably meets current export requirements

• Expansion is planned at all three ports

• The PFS update assumes all coal is moved through Westshore terminal

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Canada - West Coast Port Capacity (Mt)

Current Capacity Planned Growth

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60
50
40
3
30
20 7
33 6
10 18
12.5
0
Westshore Terminals Ridley Terminals Neptune Coal Terminal
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Annual Export Shipments (Mt) - West Coast Ports Westshore Ridley Neptune

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60
50
7.5
40 5.2 6.4 7.5
5.5 12.1 7.2 6.3
30 9.6 11.5 4.4
8.1
20
24.7 27.3 26.1 30.1 30.6 28.8
10
0
2010 2011 2012 2013 2014 2015
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Westshore terminal

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Crown Mountain PFS Update Results – SENSITIVITY

NPV10(US$M)	NPV10(US$M)	NPV10(US$M)	NPV10(US$M)	NPV10(US$M)	NPV10(US$M)
		Pre-Tax		After Tax
	Sensitivity Range	+	-	+	-
Base Case		440.6		267.2
Selling Price	+/-10%	590.0	291.4	364.4	169.8
Selling Price	+/-20%	739.4	141.7	461.6	70.6
Ridley Terminal	+US$12/tonne	313.4		184.3
Operating Cost	+/-10%	391.0	490.1	235.0	299.3
Operating Cost	+/-20%	302.2	539.7	182.2	331.5
Capital Cost	+/-10%	411.5	469.6	245.9	288.4
IRR %
		Pre-Tax		After Tax
	Sensitivity Range	+	-	+	-
Base Case		39.6%		31.3%
Selling Price	+/-10%	47.6%	31.1%	37.7%	24.5%
Selling Price	+/-20%	55.0%	21.4%	43.7%	16.5%
Ridley Terminal	+US$12/tonne	32.5%		25.6%
Operating Cost	+/-10%	37.2%	42.0%	29.3%	33.3%
Operating Cost	+/-20%	34.6%	44.3%	27.2%	35.1%
Capital Cost	+/-10%	35.6%	44.4%	28.2%	35.1%

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Crown Mountain Procurement/Financing Considerations

• The used equipment market provides an opportunity to achieve significant reductions in CAPEX :

• Low-hour equipment is often available for a fraction of original cost

• OPEX would increase versus new equipment

• In the right market, this can be an attractive option

• The used equipment mark is cyclical, and any decision to explore this option can only be made during project procurement

• Leasing equipment is another avenue to reducing capital:

• In a low interest rate environment leases are an attractive alternative

• The health of the OEM equipment market also determines the competitiveness of leasing

• Leasing is another decision best made concurrent with the procurement process

• The financial estimates below are based on:

• Leasing new or buying low-hour used Major Mining equipment

• Currently prevailing used equipment and leasing rate markets

• 10% contingency on capital

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Scenario	Start-Up Capital US$M	LOM FOB US$/tonne	IRR % PreTax After Tax	IRR % PreTax After Tax	NPV10 US$M PreTax After Tax	NPV10 US$M PreTax After Tax
All Capital	309	74.63	40	31	440	267
With used equipment	272	76.81	44	35	456	280
With leased equipment	227	80.11	47	38	457	284

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Crown Mountain - Timeline

ACTIVITY	2016	2016	2016	2016	2017	2017	2017	2017	2018	2018	2018	2018	2019	2019	2019	2019	2020	2020	2020	2020
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Environmental Baseline	✓	✓	✓	✓	✓
EA Pre-application Consultations	✓	✓
EA Pre-application VCD		✓	✓	✓
EA Pre-application AIR				✓	✓
PFS Update				✓	✓	✓
EA / Permitting Preparation, Submittal & Approval							✓
Feasibility including Drilling & Detailed Engineering							✓
Mine Permit Preparation, Submittal & Approval
Construction
Production Commences

Above timing assumes all critical path items are executed on schedule and funding is available as required.

25

Investment Highlights

POSITIONED IN WORLD CLASS COKING COAL FIELDS

PROXIMAL TO INFRASTRUCTURE

KEY PROJECT MOVING FORWARD IN 2017

HIGH QUALITY LOW COST

SIGNIFICANT DEVELOPMENT EXPERTISE ON BOARD

Jameson is a pure coking coal Company with its flagship project, Crown Mountain, located within Canada’s prolific Elk Valley coal field, home to five operating mines.

Crown Mountain is located in a mature mining region, proximal to a road network and an extensive rail system linking to three well established deep water coal ports.

Crown Mountain is completing the formal phase of the EA pre-application process, with drafting of the EA Application underway. Design engineering work has commenced on the spoil disposal methodology.

Crown Mountain product is estimated to be 84% hard coking coal, with a high relative CSR and low volatile content. An April 2017 PFS Update shows robust economics with low OPEX and CAPEX. FOB cash cost is US$75/t.

Jameson’s Board has broad expertise in successfully developing and managing coal mines and processing facilities.

26

Competent Persons Statements

Competent Person Statements

Mineral Reserves and Pre Feasibility Study Results

The information in this presentation relating to the Mineral Reserve Estimate and Pre Feasibility Study Results of the Company’s Crown Mountain Coal Project are extracted from the ASX Release entitled “PFS Update Yields Lower CAPEX and OPEX and Outstanding Financials, Demonstrating the Significant Potential of Crown Mountain” announced on 26 April 2017 and is available to view on the ASX website (ASX:JAL), and the Company's website. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, that all material assumptions and technical parameters underpinning the reserve estimates and pre feasibility study results in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Mineral Resource

The information in this presentation relating to the Mineral Resource estimate on the Company’s Crown Mountain Coal Project is extracted from the ASX Release entitled “Positive Property-Wide Coal Quality, Crown Mountain Coking Coal Project” announced on 14 March 2014 and is available to view on the ASX website (ASX:JAL), and the Company's website. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, that all material assumptions and technical parameters underpinning the resource estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

27

Disclaimer

This document has been prepared as a summary only, and does not contain all information about the Jameson Resources Limited’s (the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities. This document does not purport to be complete and is for informational purposes only: it does not represent financial advice. This document should be read in conjunction with any public announcements and reports (including financial reports , third party studies and disclosure documents) released by the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the Shares or that there will be an increase in the value of the Shares in the future. Further details on risk factors associated with the Company’s operations and its securities are contained in the Company’s prospectuses and other relevant announcements to the Australian Stock Exchange.

The information contained here-in does not constitute an offer, solicitation or recommendation in relation to the subscription, purchase, or sale of securities in Jameson Resources. The attached document was prepared to highlight certain aspects of Jameson Resources as an introduction and/or update, and is not a comprehensive source of key information.

Some of the statements contained in this presentation are forward-looking statements. Forward looking statements include but are not limited to, statements concerning estimates of coal tonnages, expected costs, statements relating to the continued advancement of the Company’s projects and other statements which are not historical facts. When used in this document, and on other published information of the Company, the words such as “aim”, “could”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements.

Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements and include the potential that the Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material.

The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position.

28

www.jamesonresources.com.au

AUSTRALIAN OFFICE (Corporate) Suite 5, 62 Ord Street, West Perth Western Australia 6005 T: +61 (8) 9200 4473 E: admin@jamesonresources.com.au

CANADIAN OFFICE

Suite 800, 1199 West Hastings Street Vancouver, BC V6E 3 T5 T: +1 (604) 629-8605