Dear Jamie, and RegulatorsAlong with previous emails and...

Dear Jamie, and Regulators

Along with previous emails and questions that require answers from the past three days, I have brought together a summary of emails for your benefit.

The scheme is noted for your ease of understanding;

The SASFAS scheme:

1. List a company and raise funds to organise a shovel ready project
2. Increase its debt with an associated party to finalise the project, to completion. Australian takeover panels – review 2015 ruling -related parties.
3. Send to administration suggesting funding failures, from the same associated parties that will benefit when it is sent to administration. Due to misleading valuations, negligence, shareholder oppression, and misrepresentations.
4. Sell to associated parties at low cost, fleecing Australian shareholders. SRK valuation provided and asset valuation failure to be displayed on Stanton report requesting shareholders vote on yet another misrepresented process.
5. No responsibility for negligence, misrepresentations, and shareholder oppression under the umbrella of claim of sovereign risk and difficulty of inter-jurisdiction communication. Complete silence in our case for Global corporate Solutions in conjunction with McGrath Nicol attempts to brush under the carpet by not attending to regulators requirements and consideration of shareholder value (particularly considering the understanding of shareholders as creditors).

Overseas companies must be held accountable and assets held overseas must be recognised as our assets, and based on the fact that shareholders own 100% of the asset we should have transparency in how our US$200M asset is sold? Not simply ignored by the Stanton valuers and supported by Mcgrath Nicol apathy.

Previous emails to consider – Confirmation of Proof of debt and asset valuation, in conjunction with my timelines from July 2021 – to present day - circa 12 letters, and History and Claim document. This to date has not been reported or given appropriate attention and investigation. Therefore we request all assets be frozen until this has been reviewed. The South African administrators – Global Corporate solutions will not communicate with shareholders or provide updates and further, schemed to sell the asset while in a DOCA.

30/4/22 – Follow up email sent to ASIC – This is a summary of the many emails I have already provided McGrath Nicol with regard to the alleged corruption. Too detailed to attach here, but if you do not have, please request.

2/5/22 – Relationship with Nicol and Brien – questions that require transparency ; refer letter below;

Could you support my investigation into the apathy ofthe McGrath Nicol (MN) attendance of the ResGen administration process withanswers to the following questions:

1. Does you company have any relationship with McGrath Nicol, if so, is this appropriate given the vested interest in MN to move this project forward for their own business goals.
2. Prior to pressing forward. Will you investigate the alleged items of concern outlined in the note you received?
3. Why does Mcgrath Nicol not take care of the meetings on the 28^th May for ResGen, rather then outsourcing this operation?
4. Is there a financial benefit or other for this process, and did this process undergo a tender?

I look forward to your response to support ResGenshareholders.

2/5/22 – Letter and questions to Stanton – from Leigh Birch and XXXX XXXX (Solicitor)

Refer Below – Leigh Birch Letter;

Could you please advise in your valuation (StantonReport) why you have excluded the valuation of the assets owned by ResGen,being Ledjadja Pty and the Waterberg One Pty?

What value do you place on these US$200M assets thathave not been addressed in your report, that you can make an expertprofessional report and subsequent comment on what you consider is fair andreasonable?

I also draw your attention to the valuationshareholders received, to support your ‘fair and reasonable’ test.

I look forward to receiving your response within 7days before reporting to ASIC as the timeframe for meeting is on the 28^thMay. I hope that you will update your report accordingly and then send throughto all shareholders.

Moreover, I bring to your attention two further critical components that we request you bring an instant halt to the sale of resgen assets, and stop of the meeting to sell the shell listing of RESGEN for the benefit of McGrath Nicol and their upcoming receipt of circa $400,000. Shareholders or shareholders as creditors must be considered in this undertaking as we have provided sufficient evidence to support claims of corruption. Consider further below;

1. 2015 Australian Takeovers Panel has linked the parties of PIC, Altius and Noble (the syndicate) – therefore as this syndicate will benefit from this upcoming vote and McGrath Nicol apathy on our above mentioned detail. We recommend they cannot vote in this matter. This has typically been the case for all RES matters that they benefit (please find attached the findings).
2. Valuation of the ResGen asset provided to shareholders no later than one year prior administration was US$200M of which spot coal prices have increased fivefold, therefore increasing this valuation significantly. This valuation has been ignored by Stanton in the report they provided to shareholders while suggesting the offer was fair and reasonable, and if it is inaccurate then there is case to be answered by SRK who provided the $200M valuation. Consider cases such as of Shareholders of Discovery metals that put forward a case against KPMG for misleading valuation in 2019 (please find attached the valuations by SRK).

I look forward to providing your further information at your request.To this letter I attached the SRK valuation, the Australian Takovers Panel 2015 finding, and shareholders $300MM proof of debt I submitted last year on our behalf.