SPARC TECHNOLOGIES LIMITED — Board/Management Information 2011

May 22, 2011

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23 May 2011

ASX ANNOUNCEMENT ASX Code: NRL

Company Announcements Office ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

GAVIN MAY APPOINTED AS MANAGING DIRECTOR

Newland Resources Limited (Newland) is pleased to announce the appointment today of Mr Gavin May to the position of Managing Director. Mr May is a coal executive with over 30 years experience in the Australian and international coal industry. He was formerly CEO of ASX listed Gloucester Coal Limited, a Director of Noble Resources Australia Limited and recently COO of Toronto and Hong Kong dual listed SouthGobi Resources Limited.

“We believe Gavin’s extensive experience in the coal industry will give Newland the best opportunity to realise the full potential of the Company’s coal tenements” said Dr Tim Sugden, Chairman. “Gavin, who will be based in Sydney, will head a team that will develop coal resources on the Company’s extensive Bowen Basin tenements with an initial focus on the advancement of the Comet Ridge coking coal project”.

Mr May will receive a salary of A$350,000 per annum inclusive of standard superannuation and other entitlements, plus an annual bonus of up to 45% of base salary if specific targets are met. In addition, Mr May:

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• subject to Board approval and compliance with the Company’s Security Trading Policy, has the right to purchase on market up to one million ordinary fully paid Newland shares for a period of two (2) weeks after the date of execution his engagement; and

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subject to Shareholder approval, will be granted:

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• ten million options issued free with an expiry date that is three years from the date of issue and are exercisable at a 50% premium to the VWAP of Newland shares in the last five trading days on which there were sales prior to the date of issue, and only vest 12 months from today; and

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• ten million options issued free with an expiry date that is three years from the date of issue and are exercisable at a 100% premium to the VWAP of Newland shares in the last five trading days on which there were sales prior to the date of issue, and only vest 24 months from today.

A Shareholder meeting to consider and approve the above issues will be called in the near future.

Mr Michael Mulroney has relinquished his responsibility as Acting Chief Executive Officer, and continues as a Non-Executive Director.

Registered & Principal Office: Suite 3, Level 1, 127 Cambridge Street, West Leederville 6007, Australia Postal address: PO Box 1444, West Leederville 6901, Australia Telephone: +61 8 6389 7407 Fax: +61 8 9463 7812

Newland Resources Limited ABN 13 009 092 068 www.newlandresources.com Email: info@newlandresources.com

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Drilling Update

The second drill program at EPC1230, as announced on 13 May 2011, has been suspended due to continuing wet weather conditions. The Company will advise when the drill program recommences.

For further information, please contact:

TIM SUGDEN LIZA CARPENE Chairman Company Secretary tim.sugden@newlandresources.com liza.carpene@newlandresources.com M: +61 8 6389 7407 T: +61 8 6389 7402

About Newland Resources Limited

Newland Resources Limited (NRL) is a growth focused coal exploration company with a number of prospective coal exploration areas within Queensland’s Bowen Basin. NRL is focused on the creation of Shareholder value via the identification and development of coal deposits, with a focus on the prime coal bearing regions of the east coast of Australia. NRL holds 100% interests in its six coal project areas, covering over 1,900km[2] in total. These projects collectively have the potential to host significant deposits of coking, PCI and thermal coal and are typically well located to export infrastructure.

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