NEURIZER LTD — Capital/Financing Update 2016

Aug 7, 2016

==> picture [202 x 88] intentionally omitted <==

8 August 2016

Manager Companies Companies Announcements Office Australian Securities Exchange Limited

LEIGH CREEK ENERGY LIMITED

ASX ANNOUNCEMENT

Commissioning CQ Partners for electricity market studies

Leigh Creek Energy (ASX: LCK ) is pleased to provide an update on recent progress regarding electricity marketing and related market studies for the Leigh Creek Energy Project ( LCEP ).

LCK has commissioned CQ Partners Pty Ltd ( CQ Partners ) to provide strategic advice regarding market studies on peaking power in the national electricity market ( NEM ). The analysis of peaking power production opportunities is additional to our ongoing efforts to provide base load power to key customers with a focus on the North-Western Region of South Australia.

Analysis of South Australia’s electricity market has identified the potential to consider peaking power opportunities so that the LCEP can produce power at times when the States intermittent electricity is not operating at capacity.

The initial engagement is focussed on;

1. Analysis of historic South Australian electricity market data (supply, demand and pricing) and the role of existing peak power producers and interconnection with Victoria;

2. Forecasts of future market fundamentals and opportunities for gas fired base load and peaking generation; and

3. Strategic advice around electricity pricing and risk mitigation.

About CQ Partners

CQ Partners are leaders in the provision of energy market services, operate across Australia and is a member of a number of expert panels, including the Australian Energy Market Commission and the Essential Service Commission of South Australia. They work with their clients to provide comprehensive services and achieve commercial solutions in the electricity and gas markets. CQ Partners provide strategic advice in respect of energy marketing strategies, identification of

==> picture [595 x 61] intentionally omitted <==

opportunities, market trend analysis and forecasts and energy transmission and distribution network agreements.

Their clients include NEM participants, international and domestic investors in the energy sector, large energy consumers and transmission and distribution entities.

Commenting on the commissioning of electricity market studies David Shearwood, Managing Director of LCK said:

“We are very happy to be working with CQ Partners who are a leading provider of energy market services.

At present the changes in electricity and gas markets across Eastern Australia afford LCK many opportunities to bring reliable energy to South Australia. This is particularly important in higher power demand periods (generally summer months) when South Australia relies on power being available via interconnects with Victoria.

Our work with CQ Partners will help longer term investment decisions by ensuring analysis of base load and peaking power opportunities is underpinned by substantiated historical analysis and reliable forecasts.”

For further information, Media contact: David Shearwood Adam Jarvis Managing Director Six Degrees Investor Relations Leigh Creek Energy Ph: 0424 297 736 Ph: (08) 8132 9117 Email: adam.jarvis@sdir.com.au

About Leigh Creek Energy

Leigh Creek Energy Limited ( LCK ) is an emerging gas company focused on developing its Leigh Creek Energy Project ( LCEP ), located in South Australia. The LCEP will produce high value products such as electricity, methane and fertiliser from the remnant coal resources at Leigh Creek utilising In Situ Gasification ( ISG ) technologies, and will provide long term growth and opportunities to the communities of the northern Flinders Ranges and South Australia.

The Company is committed to developing the LCEP using a best practice approach to mitigate the technical, environmental and financial project risks to as low as can be reasonably achieved.

Page 2 of 2