PACIFIC RESOURCES LIMITED — Capital/Financing Update 2011

Nov 22, 2011

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Date :

23 November 2011

To : Australian Securities Exchange Companies Announcement Office Electronic Lodgment System

Dear Sir,

Section 708A Notice – Unlisted Options

COALBANK Limited (“COALBANK” or “the Company”) hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act that it has issued 6,000,000 unlisted options in the Company to a Director without disclosure under Part 6D.2 of the Corporations Act following shareholder approval at the AGM.

The Company states that as at the date of this notice:

• It has complied with the relevant provisions of Chapter 2M of the Corporations Act as they apply to the Company and Section 674 of the Corporations Act; and

• It is not aware of any excluded information within the meaning of Sections 708A(7) and 708A(8) of the Corporations Act.

An Appendix 3B with respect to the issue of the options was lodged by the Company with ASX on 23 November 2011.

Yours sincerely

COALBANK Limited

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Leni Stanley Company Secretary

COALBANK LIMITED ABN 20 075 877 075 Level 1 101 Edward Street Brisbane Queensland 4000 � GPO Box 762 Brisbane Queensland 4001 Australia T +61 7 3229 6606 � F +61 7 3221 6625 � info@coalbank.com � www.coalbank.com