Emphasis of MatterWithout modifying our conclusion, we draw...

Emphasis of Matter
Without modifying our conclusion, we draw attention to Note 1 in the half-year financial report
which indicates that Continental Coal Limited incurred a net loss of $ 7,291,000 during the half-year
ended 31 December 2012 and, as of that date, the consolidated entity’s current liabilities exceeded
its current assets by $21,538,000. These conditions, along with other matters as set forth in Note 1,
indicate the existence of a material uncertainty which may cast significant doubt about the
consolidated entity’s ability to continue as a going concern and therefore, the consolidated entity
may be unable to realise its assets and discharge its liabilities in the normal course of business.