Ann: Significant New Coking Coal Resource Delinea, page-3

re: Ann: Significant New Coking Coal Resource... SIGNIFICANT NEW, HIGH QUALITY, COKING COAL RESOURCE DELINEATED AT AMAAM NORTH


Initial JORC compliant Resource of 26.8Mt including Measured and Indicated Resources of 11.8Mt for Deposit F at Amaam North

Pre-feasibility study on a low capital cost, low operating cost, open pit, coking coal mine at Amaam North is due for completion in Q3 2013

Highlights:

An initial JORC compliant Resource of 26.8Mt has been defined for Amaam North comprising 7.2Mt Measured, 4.6Mt Indicated and 15.0Mt Inferred


This initial Resource is at Project F, a small part of the Amaam North Licence where thick, near surface, shallow dipping coal was delineated in a 40 hole drilling program completed in April 2013

This Resource provides an excellent foundation for the development of initial mining operations at Project F. Ongoing field mapping and drilling programs will test the broader potential of this highly prospective licence where TIG has outlined an Exploration TargetE of 30-430Mt

Work continues at pace on the Project F Pre-feasibility Study (PFS) to be completed in Q3 2013, and Definitive Feasibility Study (DFS) to be completed in Q1 2014