Tigers Realm Coal is pleased to provide the following market...

Tigers Realm Coal is pleased to provide the following market update.

On March 1, 2019 TIG entered into a term sheet with the Sakhalin based East Mining Company (EMCO) for the purchase and financing of two 500t barges, previously operated by EMCO in the Port of Shakhtersk. The acquisition of these barges and their delivery to Beringovsky by the beginning of the 2019 shipping season will considerably contribute to TIG’s ability to increase Port Beringovsky’s throughput capacity.

TIG is also pleased to announce that on February 28, 2019 we have signed a coal supply contract with a significant and strategically important Japanese customer for an initial 100kt shipment in 2019. We view the signing of this contract as further confirmation of the increasing acceptance of TIG coal in our key Asian markets.

As noted in our December 2018 Quarterly Production and Activities Report released 31 January 2019, TIG is targeting 750kt of coal production in 2019. Accordingly, we will provide an update on 2019 production guidance concurrent with release of our 2018 Financial Report by 29 March 2019.