Date: 15 June 2012

To: Australian Securities Exchange Companies Announcement Office Electronic Lodgment System

Presentation to RBS Morgans Coal Conference – Re-released

COALBANK Limited (ASX Code CBQ) released a Presentation to RBS Morgans Coal Conference to ASX Limited on 13 June 2012, but inadvertently omitted to include a Competent Person's Statement with the Presentation.

Please find attached the same Presentation with the only change being the inclusion of a Competent Person's Statement on page 17.

Yours sincerely

COALBANK Limited

Leni Stanley Company Secretary

APPROACHING MAIDEN JORC RESOURCE

General Disclaimer

This document has been prepared by COALBANK Limited (the Company) to provide exisKng and prospecKve investors in COALBANK Limited with an update on the Company and its operaKons.
This presentaKon, including the informaKon contained in this disclaimer, does not consKtute an offer, invitaKon or recommendaKon to subscribe for or purchase any security and neither the presentaKon, disclaimer nor anything contained in them forms the basis of any contract or commitment. This presentaKon does not take into account your individual investment objecKves, financial situaKon or parKcular needs. You must not act on the basis of any maTer contained in this presentaKon, but must make your own assessment of the Company.
No representaKon, express or implied, is made as to the fairness, accuracy, completeness or correctness of informaKon contained in this presentaKon, including the accuracy, likelihood of achievement or reasonableness of any forecast, prospects, returns or statements in relaKon to future maTers contained in the presentaKon ("forward-looking statements"). Such forward-looking statements are by their nature subject to significant uncertainKes and conKngencies and are based on a number of esKmates and assumpKons that are subject to change (and in many cases are outside the control of COALBANK Limited and its directors) which may cause the actual results or performance of COALBANK Limited to be materially different from any future results or performance expressed or implied by such forward-looking statements.
To the maximum extent permiTed by law, none of COALBANK Limited, or their related corporaKons, directors, employees or agents, nor any other person, accepts any liability, including, without limitaKon, any liability arising from fault or negligence, for any loss arising from the use of this presentaKon or its contents or otherwise arising in connecKon with it.

Queensland: Emerging Projects and Infrastructure

Source: ABARE and company public presentaKons/media.

ExecuKve Summary

COALBANK LIMITED ("COALBANK" or "the Company") is an ASX-listed company (ASX: CBQ) with an extensive porQolio of early stage coal projects in Queensland. The Company holds the largest coal exploraWon permit footprint in Australia of any ASX-listed company.

SCALE	Tenements exceeding 24,000sqkm in the Surat, Galilee, Eromanga and Bowen Basins
SELECTIVE	Coal tenements selected on the basis of historical waterbore drilling logs that displayed coal intersecWons
EARLY SUCCESS	Repeated, significant, shallow coal intersecKons over 26km of strike in drilling in Blackall Project
SUCCESSFULTEAM	A proven team of explorers and developers of early stage coal projects, with world-leading coal geologyconsultants
UPSIDE	Large upside potenKal from exploraKon and strategic acquisiKon targets
PROVEN ANDSECURE REGION	All COALBANK projects neighbour producing or proven coal assets96% of COALBANK's coal exploraKon areas lie outside the Strategic Cropping Land ProtecKon Areas
MAIDEN JORCRESOURCEIMMINENT	Major drilling program completed at the Blackall Project during the June Quarter of 2012 aimed at deliveryof a maiden JORC coal resource by end of June 2012. McElroy Bryan appointed as Independent GeologicalConsultant for resource modelling

Strategic Footprint in Queensland Coal Basins

Neighbours all the major players in Australia's recent interna7onal coal plays

COALBANK: 100%-owned coal projects in several Queensland basins covering 24,000km2
MulW-deposit potenWal in Surat/ Eromanga poraolio
Major projects and infrastructure planned for the region (> AUD 40 billion including ports and rail)
State Government approval for GVK-Hancock Rail Project from Alpha Project to Abbot Point Coal Terminal (29 May 2012)
Major developers of regional projects include:
- GVK (Kevin's Corner/Alpha)
- Adani (Carmichael)
- Vale (Degulla)
- Xstrata (Wandoan)
- Waratah Coal (China First)
- AMCI (South Galilee)

Corporate Snapshot

Capital Structure (AUD)
Share Price	$0.05
Shares Outstanding	813 m
Market CapitalisaWon	$41m

Exchange	Australian Stock Exchange: (ASX: CBQ)•Total Shareholders: 1,200 (approximately)•
Equity Holders	Allegro Capital Nominees Pty Ltd (G. Baynton, Director) 49.4%•Affiliated Funds of Och-Ziff Capital Management LLC•Square Resources Pty Limited (S. Ever, Director)•Other35.7%•	11.9%3.0%

Key Personnel

Bruce Patrick Chief ExecuWve, B.Sc, (Hons), Grad Dip Mgt, Cert. in Mining, MAusIMM

Project Manager for Anglo Coal's $800m Lake Lindsay Project, managing the project from iniKal exploraKon, through feasibility and approvals, to construcKon. Open-cut mining project management roles in Anglo Coal's OperaKons and Projects and Engineering Group. Early career as a geologist for Coal and Allied Industries and Thiess Mining Division where he assisted in further defining the straKgraphy of the Surat Basin. At Callide Mine in Central Queensland he moved to mining engineering and mine operaKonal management roles.

Lance Grimstone Director, B.Sc. (Hons) Geol. Grad.Dipl. Mangt., F.AusIMM, CPGeo.M.MICA.

An expert geologist with over 40 years' experience in the exploraKon, mining and civil engineering industries. For the last 25 years, has consulted to eastern Australian coal operaKons. He was a key geological consultant to Macarthur Coal Limited prior and post its IPO.

Staffan Ever Director, MBA, M.Sc, (Civil Eng)

Former CEO of QCoal, former General Manager of AMCI Australia (12 years with AMCI). Strong experience in managing and financing coal projects from greenfields to producKon and markeKng. Previously undertook and oversaw equity investments in Gunnedah, Glennies Creek, Coppabella and Moorvale mines.

Dr Peter Jorgensen Senior Geologist, BSc (Hons), PhD, MAusIMM

Over 18 years experience in the Queensland coal industry, more than 20 years general geological experience. Previous roles in exploraKon, mine site geology and resource evaluaKon with Anglo Coal, Shell Coal and as a self-employed contract geologist.

Marcus Trost Project Geologist, BSc

Experienced project exploraKon geologist . Previous roles include project exploraKon geologist with Macarthur Coal, Senior Site Geologist/Site Manager REY Resources and Senior Project Geologist with McElroy Bryan Geological Services Pty Ltd.

Greg Baynton Deputy Chairman (ExecuWve), M.Econ St., MBA, B.Bus (AccounAng), Grad.Dip. Finance and Investment, FFINSIA.

Founder of Tambo Coal & Gas, Moreton Energy and Coalbank. ExperKse in new project generaKon, capital raisings, corporate structuring, tenure applicaKon and administraKon, government relaKons and Joint Ventures. Founder and Director of Orbit Capital, former Director of PIPE Networks Limited, current Director of NEXTDC Limited.

Board of Directors
Roger Clarke	Chairman
	Deputy
Greg Baynton	Chairman
	(ExecuKve)
Lance Grimstone	Director
Staffan Ever	Director
William Stubbs	Director
Grahame Baker	Director

Blackall Project – Borehole and SecKon LocaKon Plan

Resource EvaluaWon Drilling Phase

Completed on Kme and on budget
76 holes drilled (of which 17 were parKally cored for Coal Quality analysis)
7378 metres drilled in total (878 metres cored)
Drilling data under analysis for coal resource evaluaKon in accordance with JORC criteria

Blackall Project Next Steps

Sample: Cross secKon AA' (NNW – SSE)

Sample: Cross SecKon BB' (West - East Seams)

Sample Cross SecKon CC' ( West-East Seams)

Blackall Coal Deposit – Early IndicaKons

IndicaWve Structural CharacterisWcs

A major coal depo-centre
Net coal thicknesses of up to 12m
Shallow, flat-lying deposit
Low indicaKve overburden/interburden-tocoal raKos

IndicaWve Raw Coal Quality CharacterisWcs

Sub-bituminous thermal coal
Low-medium ash, low sulphur

Blackall-Roma Project Areas & New Targets

East Surat and Bowen Basin Projects

Three Eastern Queensland projects all close to major coal deposits, rail infrastructure and ports

EPC 2241 - Biloela South

20km south of Callide Mine
40km west of proposed Monto Mine

EPCA 2239 - Coal Creek

45km south east of Meandu Mine
55km north of Jeebropilly Mine

EPC 2240 & EPCA 2359 - Coalbank South

15km east of New Acland Mine

All have coal intersecWons at shallow depths reported in the waterbore logs eg. 24.4 metres of coal in EPCA2239

Geographical diversity should miKgate the impact of adverse weather within the combined poraolio

Coal ExploraKon and Development IndicaKve Plans

		2011			2012
Task	Q3	Q4	Q1	Q2	Q3	Q4
First-pass drilling on selected targets
Drill follow-up targets to JORC Resource level
First-pass drilling on next targets
Drill next-round targets to JORC Resourcelevel
MINE 1
Concept Study
Pre-feasibility Study
Feasibility Study
Mine Development
MINE 2
Concept Study
Pre-feasibility Study
Feasibility Study

Summary

2012 drilling program to achieve maiden JORC-standard resource at Blackall

Drilling Phase completed on time and within budget

Exciting initial indications

Extensive, shallow, flat-lying depo-centre
Low indicative overburden/interburden-to-coal ratios

Maiden JORC-standard coal resource statement

On target for release mid-2012, as previously advised

Competent Person's Statement

The Competent Persons Statement below relates to this PresentaKon made by COALBANK Limited.
'The informaAon in this report that relates to drilling results derived from COALBANK's 2011 and 2012 drilling campaigns at its Blackall Coal Project, and to previous waterbore and petroleum well drilling results derived from data provided by the Queensland Government Department of Natural Resources and Water and open file reports obtained via the Queensland Department of Mines and Energy, with such informaAon and results compiled by Dr Peter Jorgensen BSc(Hons), PhD, MAusIMM. Dr Peter Jorgensen is employed by Jorgensen Geological Services Pty Ltd (ABN 32 080 949 775). Dr Peter Jorgensen has sufficient coal geology experience to qualify as a Competent Person as defined by the 2004 EdiAon of the Australasian Code for ReporAng of ExploraAon Results, Mineral Resources and Ore Reserves. Dr Peter Jorgensen consents to the inclusion in the presentaAon of the mabers based on his informaAon in the form and context in which it appears.'

Contact Details

Greg Baynton

Deputy Chairman COALBANK LIMITED e: [email protected] t: +61 7 3229 6606 m: +61 414 970 566

Bruce Patrick

Chief ExecuKve COALBANK LIMITED e: [email protected] t: +61 7 3229 6606 m: +61 417 389830

Website: www.**coalbank**.com

ASX Code: CBQ.AX

RAW COAL QUALITY – BL0015C

Raw Coal Calculated Ply Composites (air dried basis)

PLY	FROM(m)	TO(m)	THICK(m)	I.M. (%)ad	ASH (%)ad	S.E. (ad)(MJ/kg)	RDad
F5	31.62	32.47	0.85	20.5	12.1	19.76	1.41
F4	32.47	33.01	0.54	21.4	6.4	21.10	1.37
F3	33.28	34.18	0.90	18.6	22.5	16.98	1.48
F2	34.22	35.11	0.53	18.8	19.4	17.94	1.45

PLY	FROM	TO	THICK	I.M. (%)	ASH (%)	S.E. (ad)	RD
	(m)	(m)	(m)	ad	ad	(MJ/kg)	ad
F1	36.60	36.97	0.37	20.4	12.6	19.63	1.41

PLY	FROM(m)	TO(m)	THICK(m)	I.M. (%)ad	ASH (%)Ad	S.E. (ad)(MJ/kg)	RDAd
E4	42.79	43.33	0.54	20.9	10.0	20.56	1.38
E3	43.40	44.06	0.66	18.1	22.5	17.27	1.48
E2	44.06	44.54	0.48	20.7	14.6	19.00	1.41
E1	44.79	45.05	0.26	19.5	15.8	18.94	1.43
D2	45.90	46.29	0.39	17.3	31.9	14.79	1.53

PLY	FROM(m)	TO(m)	THICK(m)	I.M. (%)ad	ASH (%)ad	S.E. (ad)(MJ/kg)	RDad
C2	53.57	54.54	0.97	18.5	25.0	16.12	1.51
C1	54.80	55.23	0.43	22.0	8.0	20.34	1.36