JATCORP LIMITED — Capital/Financing Update 2011

Nov 20, 2011

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ASX/Media announcement

21[st] November 2011

Production Licence Granted for Jatenergy’s Second Indonesia Coal Project

• Jongkang licence in east Kalimantan adds to existing Jongkang II mine

• Drilling underway to define coal resource, mine planning underway

Jatenergy Limited (ASX code JAT) announced today that the Indonesian Government had issued a production licence covering its Jongkang coal joint venture in East Kalimantan, coming just one week after the company started mining its first coal from the neighbouring Jongkang II mine.

The highly prized licence now allows Jatenergy to commence coal mining operations from the Jongkang project. An advanced drilling program is nearing completion to define a resource covering the first planned mining pit on the tenement. Additional pits are also being planned.

Jatenergy CEO Phil Hodgson said: “The granting of the licence for Jongkang is a major milestone that sets in motion a rapid path to production on a second coal mine for the company. We are in the final stages of a drilling program designed to establish a JORC resource, so we can then provide details to the market about planned rates of production. Given the proximity to our current mining operation at Jongkang II, we expect Jongkang to come on stream during the first quarter of 2012, with our other east Kalimantan project – Atan Bara – to follow soon after.”

The company announced late in August that it had reached a preliminary agreement with Wijaya Mulia covering Jongkang, and then last week announced the execution of final agreements covering Jongkang as well as an operating mine – Jongkang II – with the common local partner to both projects. Under the final agreements, Jatenergy will cover the working capital costs of the projects, expected to be a maximum of US$2 million, in return for 30% of the mining margin and the ability to market both projects’ entire output. The projects are sited 5km from a stockpile, crushing and conveyor loading facility on the Mahakam River, about 25km from the coal shipping hub of Samarinda.

Phil Hodgson added: “We have reached the tipping point in our transition to becoming a meaningful energy player. While maintaining focus on our current projects, we are also working hard on new opportunities to exploit our enviable position as a cash-producing explorer, with plenty of upside potential, in a rapidly growing Asian energy market.”

For further information:

Phil Hodgson, Jatenergy Chief Executive Officer – 02 9571 8300

Media: Alan Deans, Last Word Corporate Communications – 0427 490 992

Floor 6, Suite 8, 55 Miller Street, PYRMONT NSW 2009

t +61 2 9571 8300 f +61 2 9571 8200 w www.jatenergy.com

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About Jatenergy

Jatenergy is an energy company operating in Australia and Asia. It produces high quality crude jatropha oil from operations in Central Java, Indonesia, for the global airline industry. It recently diversified its energy portfolio from plant oil to include coal with the purchase of three mining projects in Indonesia’s Kalimantan coal region, and the execution of binding agreements to purchase eight coal exploration permits and permit applications in Queensland’s Bowen and Galilee basins.

Recent ASX/Media Releases

15 November 2011

JATENERGY TO COMMENCE COAL MINING IN EAST KALIMANTAN THIS WEEK

Energy company Jatenergy Limited (ASX code JAT) today announced it had entered into a Joint Operation with a currently producing coal mine – Jongkang II - in East Kalimantan, Indonesia, which would enable the company to commence mining its first coal this week. The new agreement is in addition to the company’s Jongkang and Atan Bara coal ventures, also in East Kalimantan, which are at an advanced stage of development.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2656867

8 September 2011

JATENERGY SUPPLIES FUEL FOR LUFTHANSA’S PIONEERING BIOJET FLIGHTS

High quality crude jatropha oil supplied by Jatenergy from its operations in Central Java, Indonesia, has been sold to Lufthansa for use in the world’s first, long-term trial of renewable jet fuel on the German airline’s regular scheduled flights between Hamburg and Frankfurt.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2647992

22 August 2011

JATENERGY PROCEEDS WITH SECOND FAST-TO-PRODUCTION COAL MINE IN INDONESIA

Jatenergy has reached conditional agreement for a new coal mining joint venture in East Kalimantan that is expected to move rapidly into coal production. The Jongkang project, located 5 km along an existing haul road from the Mahakam River and about 25km from a major hub of Indonesia’s coal industry at Samarinda, is being developed by an existing coal mine operator, CV Wijaya Mulia.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2645145

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20 June 2011

FULL AGREEMENTS SIGNED FOR QUEENSLAND COAL ACQUISITION

Jatenergy has executed full tenement purchase and royalty agreements to purchase 10 coal exploration permits and permit applications in the Galilee and Bowen Basins. The agreements formalise the binding letters announced by the company on 8 February and 19 May this year.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2638166

31 May 2011

JATENERGY FAST TRACKS INDONESIAN COAL DEVELOPMENT PLANS

Jatenergy’s board approved several significant strategic initiatives to advance its new dual energy strategy, including the rapid development of the Atan Bara coal mine in East Kalimantan, Indonesia, and the appointment of an experienced coal Chief Operating Officer to its Indonesian operations.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2636242

18 May 2011

JATENERGY EXPANDS QUEENSLAND COAL DEAL INTO BOWEN BASIN

Jatenergy concluded a revised binding offer letter to acquire six additional coal exploration permits and permit applications in the Bowen Basin, the homeland of Queensland’s coal export industry. The deal continues to include the acquisition of four Galilee Basin permits and permit applications announced early in February.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2635108