JATCORP LIMITED — Capital/Financing Update 2012

Apr 18, 2012

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ASX/Media announcement

19 April 2012

Fresh Coal Sales from Jatenergy’s Jongkang Mines

• New 11,000 tonne contract with Singaporean buyer signed for April delivery

• Additional 4000 tonnes sold to spot buyer in early April

• Mine development progresses at third East Kalimantan coal project, Atan Bara

Energy company Jatenergy Ltd (ASX code JAT) announced today that it had signed a contract for an 11,000 tonne coal sale due for shipment during the next week, coming after a 4000 tonne sale which was shipped earlier in April. Production is continuing according to plan from the company’s two Jongkang mines in East Kalimantan, Indonesia.

Jatenergy’s Chief Executive Officer Phil Hodgson said: “These continued sales underscore buyer confidence in our ability to reliably deliver good quality thermal coal from our operations. We have banked over US$230,000 in revenues from our sales in March. We are now a fully-fledged coal operator in Indonesia – something very few other Australian coal companies operating there can claim.”

The company’s Indonesian Chief Operating Officer, Chris Flanagan, said ”Production from both our Jongkang I and Jongkang II operations are running according to plan. We have also advanced our mine development plan for the Atan Bara project, with drilling and topographical surveys nearly completed for an initial mine plan. We remain on track to start mining coal during the third quarter of this year from that project.”

The latest Jongkang sales contract is to be delivered in two barge loads, and involves a marketbased FOB price for 6,500 kCal/kg specification coal.

Jatenergy’s Chairman Alan Broome said: “The experience that we have assembled on the ground in Indonesia is paying off, even though we only sold our first coal shipments in March. Kalimantan is an area with huge growth potential for our company. As previously stated, the revenue will be applied to our significant Katingan project in Central Kalimantan, as well as to secure and develop larger short-to-production projects now under review in Indonesia.”

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 a diversified energy company operating in Australia and Asia. It owns the rights to four coal projects in Indonesia’s Kalimantan coal region, as well as eight coal exploration permits and permit applications in Queensland’s Bowen and Galilee basins. It also produces high quality crude jatropha oil from plantation operations in Central Java, Indonesia, for power production and the airline industry.

Recent ASX/Media Releases

19 March 2012

JATENERGY COMPLETES FIRST INDONESIAN COAL SHIPMENT

Jatenergy Ltd has despatched its first 8000 tonne barge load of coal from its two Jongkang mines in East Kalimantan to a buyer in Singapore. The shipment fulfilled a sales contract which Jatenergy announced last month, and it also triggered the first down payment. An initial payment in excess of US$200,000 has been received.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2671780

12 March 2012

INDONESIAN MINING LEGISLATION AMENDMENTS

Jatenergy Ltd announced today that it was reviewing the published amendments to Indonesian Mining Legislation that were enacted in February 2012 to assess whether there was any impact on the company.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2671039

20 February 2012

JATENERGY SECURES FIRST COAL SALE FROM EAST KALIMANTAN MINES

Energy company Jatenergy announced today that it had secured its first coal sales contract from its two Jongkang mines in East Kalimantan, Indonesia.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2667556

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16 February 2012

JATENERGY WINS APPROVAL FOR THIRD INDONESIAN COAL MINE

Jatenergy Ltd announced today that the Indonesian Government had granted a production licence for the development of the company’s Atan Bara coal project in East Kalimantan.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2667097

8 February 2012

JATENERGY STOCKPILES COAL FOR EXPORT AND APPOINTS NEW CHAIRMAN

Jatenergy Ltd announced that it had mined 2,500 tonnes of coal from its two Jongkang mines in East Kalimantan, Indonesia, and stockpiled it for impending export shipment.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2666131

21 December 2011

JATENERGY MOBILISES CONTRACTOR AT SECOND INDONESIAN COAL PROJECT

Jatenergy Ltd announced today that agreement had been reached with mining contractors to start work on its Jongkang I coal development in East Kalimantan, enabling them to mobilise equipment and commence stripping of overburden.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2661856

21 November 2011

PRODUCTION LICENCE GRANTED FOR JATENERGY’S SECOND INDONESIA COAL PROJECT

Jatenergy Limited announced 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.

http://clients.weblink.com.au/clients/jatoil/article.asp?asx=JAT&view=2657543

15 November 2011

JATENERGY TO COMMENCE COAL MINING IN EAST KALIMANTAN THIS WEEK

Jatenergy has 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