VOLT RESOURCES LIMITED — Capital/Financing Update 2014

Apr 7, 2014

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ASX ANNOUNCEMENT

8 April 2014

By e-lodgement

STRATEGIC ALLIANCE WITH MOULTRIE GROUP

• Moultrie Group to invest $100,000 in share placement

• Mozambi to benefit from partnership with experienced technical operations team

• Moultrie to manage and deliver initial drilling program at EPC 1768 Bowen River

Mozambi Coal Limited (ASX: MOZ, Mozambi or Company ) advises that it has agreed the placement ( Placement ) of 10 million new fully paid ordinary shares to the Moultrie Group, a leading technical and professional service provider to the exploration, mining and infrastructure sectors based in Queensland.

The Placement, which is subject to shareholder approval, is on the same terms as the Company’s recently arranged placement to sophisticated investors and will raise an additional $100,000, with Moultrie Group also receiving 5 million free attaching 2c option expiring 31 December 2017. Funds raised from the Placement will be used for priority exploration activities and general working capital.

Concurrent with the Placement, Mozambi has agreed to engage Moultrie Group to manage and deliver drilling and ancillary services for an initial 7-hole drilling program at the Company’s Bowen River project (EPC 1768 in Queensland).

Commenting on the arrangements, Mozambi’s executive director, Alex Neuling said:

“ Mozambi is delighted to be welcoming Moultrie Group to its share register and to be partnering with an experienced technical operations team as we move ahead with our 2014 exploration program”

Moultrie Group CEO, Jason Moultrie said:

“ We at Moultrie Group are excited by the potential of Mozambi’s assets, in particular its Bowen River project, and look forward to helping the Company deliver its 2014 exploration program and to benefiting as shareholders as a result. We believe exploration success at Bowen River will lead to a significant re-rating for the Company.”

ABOUT MOZAMBI COAL

Mozambi Coal Limited is an Australian Coal exploration company headquartered in Perth and listed on ASX with the symbol MOZ. Mozambi holds exploration licences and rights in Queensland (including the Northern Bowen Basin) as well rights to two exploration licences in Mozambique. Mozambi’s 100%-owned Bowen River project (EPC 1768) was acquired from Rio Tinto Exploration in late 2013.

ABOUT MOULTRIE GROUP

Moultrie Group is one of Australia’s premier providers of integrated mining services and project management to Australian and International clients, Moultrie Group supports clients throughout the mining lifecycle and the Moultrie Group project management model includes project evaluation, asset management, exploration and resource evaluation. Moultre Group also provides support throughout the feasibility, mine construction, mine operation and rehabilitation phases. Moultrie Group also seeks to identify undervalued mining assets for its clients and provides local support and expertise throughout the mining lifecycle for its Australian based and international clients.

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Mozambi Coal Limited ACN 106 353 253 Level 1, 44 Ord Street, West Perth, Western Australia 6005 Tel: (+618) 9321 0774 Fax: (+618) 6314 1557