VOLT RESOURCES LIMITED — Regulatory Filings 2012

Oct 28, 2012

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COMMENCEMENT OF GROUND BASED GEOPHYSICS AT SONGO PROJECT

MOZAMBI COAL LTD

(ASX: “MOZ”, “Company” or “Mozambi”)

29 October 2012

Mozambi Coal wishes to advise that it has commenced a ground based geophysics programme over its Songo project in Mozambique.

The primary objective of the programme is to provide additional geological and structural interpretation of the northeast area (Priority 1 and Priority 2) of the license (Figure 3) in order to focus our future exploration efforts. The key outcomes of the survey are expected to be as follows:

• Providing ground magnetic infill data to cover the northern target zones of the license area;

• • Determining the presence of dolerite dykes in the potential coal sequence as well as late Karoo extrusives above the potential coal sequence;

• Determine the presence and location of any potential fault features that impact coal seam continuity and distribution; and

• Determining the overall thickness of the Karoo sequence and the disposition of the PreKaroo basement

It is estimated that the programme will be completed by the end of November, after which the Company will be in a position to move forward with a potential drill programme.

Mozambi Coal Limited (ASX: MOZ) ACN 106 353 253 Tel: +61 8 9321 0774 | Fax: +61 8 6314 1557 www.mozambicoal.com

Level 2, 640 Murray Street West Perth WA 6005 Australia

PO Box 1571 West Perth WA 6872 Australia

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About Mozambi

Mozambi Coal Ltd is a coal exploration company listed on the Australian Securities Exchange under ASX code MOZ. The Company intends to develop as an Africa-focused coal mining company through the exploration and development of its’ existing exploration licences in Mozambique, East Africa, and the acquisition of further assets in the region.

The Company has a 70% interest in two mineral exploration licences situated in the Zambeze Coal Basin in Mozambique and in July 2011 announced an agreement to acquire an 80% interest in a third exploration licence, 2738L (“Songo” Project), also within the Zambeze Coal Basin. The Zambeze Coal Basin is an emerging and highly prospective coal region that is within economic reach of the East African coast. Globally significant resources companies including Rio Tinto (LON: RIO), Vale, Jindal Steel and ENRC have undertaken coal exploration and development projects in the basin.

The combined tenement size held by the Company is approximately 609km[2] , spanning three tenements, 2738L (“Songo” project) 3245L (“Tete West” project) and 3246L (“Muturara” project). 2738L is located 115km west of the city of Tete and 40km southwest of Jindal licence 3605C where a 700 million tonne coal reserve has been identified. 3245L is located 12km West of the city of Tete and extends over 182km[2] , and lies immediately southwest of Rio Tinto tenement 946L. 3246L is located 58km[2] southeast of the city of Tete and covers approximately 202 km[2] . The tenement is located 45km southeast of the Moatize Coal Mining Camp owned by Vale.

Figure 1: Map of Mozambique within Africa

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Figure 2: Map of Mozambi Coal’s Tenements within Zambeze Basin

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Mozambi Coal Limited (ASX: MOZ) ACN 106 353 253 Tel: +61 8 9321 0774 | Fax: +61 8 6314 1557 www.mozambicoal.com

Level 2, 640 Murray Street West Perth WA 6005 Australia

PO Box 1571 West Perth WA 6872 Australia

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Figure 3: Geological Map of Songo Project (2738L)

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Mozambi Coal Limited (ASX: MOZ) ACN 106 353 253 Tel: +61 8 9321 0774 | Fax: +61 8 6314 1557 www.mozambicoal.com

PO Box 1571 West Perth WA 6872 Australia

Level 2, 640 Murray Street West Perth WA 6005 Australia

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Competent Persons Statements

The information in this report which relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Michael Griffiths, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Griffiths is an associate of Black Barrel Exploration Pty Ltd Trustee for the M R Griffiths Business Trust and has over 30 years of exploration and mining experience in a variety of mineral deposit styles including coal, gold and iron ore mineralisation. Mr Griffiths has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for reporting of Exploration Results, Exploration Target Mineralisation, Mineral Resources and Ore Reserves”. Mr Griffiths consents to inclusion in the report of the matters based on his information in the form and context in which it appears.

Mozambi Coal Limited (ASX: MOZ) Level 2, 640 Murray Street ACN 106 353 253 PO Box 1571 West Perth WA 6005 Tel: +61 8 9321 0774 | Fax: +61 8 6314 1557 West Perth WA 6872 Australia www.mozambicoal.com Australia