JATCORP LIMITED — Capital/Financing Update 2011

Nov 14, 2011

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ASX/Media announcement

15[th] November 2011

Jatenergy to Commence Coal Mining in East Kalimantan this Week

• New joint venture agreement executed covering existing mining operations

• Jatenergy’s first sales of high quality thermal coal expected this year

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. The move to mine coal at Jongkang II comes after Jatenergy entered a new joint venture agreement with CV Karya Putra Bersama, a coal company owned by the same local partner as the Jongkang project.

Jatenergy’s CEO Phil Hodgson said: “This is a landmark event for us. We have now realised our strategic goal of diversifying our energy business. This week we will be mining coal in Indonesia for export to customers in Asia. This is due in no small part to the close working relationship we have formed with the owner of CV Karya Putra Bersama and its sister company, CV Wijaya Mulia.

“We expect to follow-up in the near future with the development of our other two short-toproduction projects at Jongkang and Atan Bara once production licences are granted.”

The JV arrangements for both the new investment and previously-announced Jongkang project require Jatenergy to provide working capital to earn 30% of the net margin for the coal, as well as to undertake full marketing and sales rights to the coal. The Jongkang II transaction is for an operation with an existing production licence.

Since CV Karya Putru Bersama commenced mining at Jongkang II, it has sold approximately 40,000 tonnes of coal.

Jatenergy plans to use the cashflows from its short-to-production coal mines to advance the evaluation and eventual development of its showcase Katingan coal project in Central Kalimantan, as well as continue to develop other coal opportunities in Indonesia and Australia.

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.

For further information:

Phil Hodgson, Jatenergy Chief Executive Officer – 02 9571 8300

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

Competent Person’s Statement

The information in this announcement which relates to Exploration Results, Mineral Resources or Ore Reserves, is based on information complied for Jatenergy Limited which has been reviewed by S.W. (Bill) Hayes, who is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Hayes is the principal of Fairpark Pty Ltd trading as S.W. Hayes and Associates (CAN 010 459 891) and has over 40 years of exploration and mining experience in a variety of mineral deposit styles. Mr Hayes has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking

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to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore reserves. S.W. Hayes & Associates consents to the inclusion in this announcement of the matters based on their review of the information in the form and context in which it appears.

Recent ASX/Media Releases

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

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

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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