PACIFIC RESOURCES LIMITED — Interim / Quarterly Report 2016

Oct 26, 2015

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Date :

27 October 2015

To : Australian Securities Exchange Companies Announcement Office Electronic Lodgment System

Dear Sir

ACTIVITIES REPORT FOR QUARTER ENDED 30 SEPTEMBER 2015

ACTIVITIES RELATED TO ENERGY PROJECTS:

Coal Projects

Coalbank has withdrawn its application for the renewal of EPC2239 Coal Creek. It has assessed that the potential for development of an economic resource of coal was low, taking into consideration the drilling results to date and the short to medium outlook for coal.

The company has undertaken only desktop activities with no drilling in its permits in the quarter.

Surat Gas

Coalbank is seeking opportunities with potential partners to advance exploration of its three petroleum and gas permits in central Queensland.

Farm-in and Farm-out Arrangements

Beneficial percentage interests held in farm-in or farm-out agreements at end of the quarter -

Nil

Beneficial percentage interests in farm-in or farm-out agreements acquired or disposed of during the quarter -

Nil

Coalbank Projects - Tenement Portfolio Update

Mining tenements acquired and relinquished during the quarter and their location –

Tenements Relinquished Tenements Acquired

TENEMENT PROJECT INTEREST TENEMENT PROJECT INTEREST EPC 2239 Coal Creek 0% Nil

COALBANK LIMITED

ABN 20 075 877 075

Level 6 344 Queen 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

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Mining tenements held at the end of the quarter and their locations are as follows:-

TENEMENTPROJECTINTERESTEPC 1414Maranoa River100%EPC 1415Warrego100%EPC 1417Tambo East 1100%EPC 1418Tambo East 2100%EPC 1625Alpha SW 2100%EPC 1632Tambo100%	TENEMENTPROJECTINTERESTEPC 1719Barcoo River/Blackall100%EPC 1993Blackall Sth Corner100%ATP 1072Charleville South100%ATP 1095Augathella East100%ATP 1098Morven South100%

CORPORATE ACTIVITIES:

Post end of the September quarter Mr Anthony Chan, Chairman of Coalbank, provided through his company Treasure Wheel Global Limited an unsecured loan of $100,000. The company is currently holding discussions with potential investors to raise additional funds for future projects.

The company continues to look for opportunities in resource related activities. These include acquisitions, joint ventures on current projects and commodity trading which would allow the company to improve its cash flow and provide further funds for development of projects.

Yours faithfully,

Anthony Chan – Chairman

Further information:

Andrew Fogg – Chief Executive Officer

Bruce Patrick – Chief Operating Officer

COALBANK LIMITED ABN 20 075 877 075 Level 6 344 Queen 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