JAMESON RESOURCES LIMITED — Major Shareholding Notification 2016

Sep 18, 2016

19 SEPTEMBER 2016

Fast Facts ASX: JAL

Jameson Banks Exploration Tax Refund

Highlights

Share Price Range (6mths)	$0.01 - $0.06
Shares on Issue	208,565,619
Options ($0.16)	14,300,000
Market Capitalisation	~$12M

Major Shareholders (as at September 18, 2016)

• Payment of CAD $127,741 has been received by Jameson as a tax refund related to exploration on the Dunlevy project in fiscal 2015.

• In light of the recent surge in coking coal prices and ongoing favourable macroeconomic trends, funds will be used to continue the ongoing optimization of the flagship Crown Mountain coking coal project, and general corporate purposes.

Zero Nominees Pty Ltd	9.4%
Hillboi Nominees Wholesalers Morley PL	5.9% 5.3%

Directors & Management

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

Key Projects

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

Investment Highlights

• Positioned in world class metallurgical coalfields

• Significant development expertise on board with successful track record

The British Columbia Mineral Exploration Tax Credit (“BCMETC”), administered by the Canada Revenue Agency (“CRA”), provides a 30% credit against certain exploration-related expenses. Jameson Resources (“Jameson”, the “Company”) is pleased to announce the receipt of CAD $127,741 as a BCMETC for exploration work performed on the Dunlevy project in fiscal 2015.

Jameson submitted separate refund applications for Crown Mountain and Dunlevy exploration expenditures. Subsequently, CRA notified the Company that both had been selected for audit.

The Dunlevy audit has been completed, and the full application amount, plus interest, has been processed. The Crown Mountain audit remains in progress.

Due to the recent surge in coking coal prices, Jameson has accelerated its efforts in optimizing the Crown Mountain project, targeting multiple areas with the potential to lower CAPEX and OPEX costs. The funds received will support that effort and general corporate purposes.

• Modern rail and port facilities

• Strong financial position

Overview

Newsflow / Catalysts

Complete Crown EA pre-app Q4 2016 Crown PFS enhancements ongoing Crown enviro permit progress ongoing

Contact Details Overview

Jameson continues to position Crown Mountain to take advantage of the recovery in the coking coal market. The increase in spot prices combined with the current CAD:USD exchange rate has resulted in Crown Mountain economics approaching the favourable results projected by the 2014 Pre-feasibility study.

On Behalf of the Board of Directors,

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

Art Palm Chief Executive Officer

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 coking coal project, and a 100% interest in the Dunlevy coal project, both located in British Columbia. Jameson’s tenement portfolio is positioned in coalfields responsible for the majority of Canada’s metallurgical coal exports and is near 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