ccc, page-5

Sorry to hear your misfortune Gus.
A lot of Investors got sucked in, including myself.
I've written at least 4 emails to ASIC since June, regarding CCC's Management, that recording by Aventurine on the AGM was gold...I sent that off as evidence....feel free to use my case number....I've also been researching other companies linked to our Management Team. I can assure you, all Investors in those companies our down on their Investment substantially. Market cap of $22M now...with a $7M corporate costs that spells disaster. I am just gonna keep peppering away until ASIC finally does something to protect Investors as per their Mission Statement.

Re: Your report of misconduct - CMS 31380/12 [SEC=IN-CONFIDENCE]

Dear XXXXXX

CONTINENTAL COAL LIMITED (ASX: CCC)

Thank you for your correspondence of 15 July 2012 wherein you raised concerns regarding Continental Coal Limited.

ASIC values the information we receive from the public, and reports of misconduct such as yours assist ASIC in working to build confidence in the integrity of the capital markets.

ASIC conducts an assessment of every report of misconduct we receive. The issues you have raised will receive careful consideration, and have been recorded on our internal intelligence database.

In determining which matters we will select for further action, consideration is given to the availability of evidence, and a range of factors, including the likely regulatory effect of any available action.

As ASIC is precluded from commenting on operational matters, we are unable to provide further details regarding what, if any, action we may or may not take in relation to the concerns you have raised.

If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC's website at www.asic.gov.au.

Please note that ASIC will only contact you again in relation to your report of misconduct if we require further information or evidence to assist in our enquiries.

Yours sincerely

XXXXXX
Misconduct & Breach Reporting
Stakeholder Services