INVESTOR ROADSHOW November 2011

COALWORKS:An Emerging

Coal Producer

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DISCLAIMER AND COMPETENT PERSON’S STATEMENT

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The information in this presentation does not purport to contain all the information that may be required to evaluate theprospects of Coalworks and in particular only discloses material information within the knowledge of Coalworks. Youshould seek independent professional advice in relation to the technical, financial, taxation, legal and commercialmatters relating to the information and rely on your own due diligence and analysis accordingly. Other than to theextent required by law (and only to that extent) we disclaim all liability and make no representation, guarantee orwarranty (expressed or implied) as to, and assume no responsibility nor liability for, the information provided.

Competent Person’s StatementThe following statements apply in respect of the information in this presentation that relates to Exploration Results and MineralResources for the Ferndale Project: The information is based on, and accurately reflects information compiled by Mr Tom Bradbury, who is aMember of The Australasian Institute of Mining and Metallurgy. Mr Bradbury is a geologist employed by Geos Mining. He has the relevantexperience in relation to the coal deposits being reported on to qualify as a Competent Person as defined in the Joint Ore Reserves Committee(JORC) Australasian Code for Reporting of Exploration Results, Identified Mineral Resources and Ore Reserves. Mr Bradbury has consentedin writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

The following statements apply in respect of the information in this announcement that relates to Exploration Results and MineralResources for the Vickery South and Oaklands North Projects: The information is based on, and accurately reflects information compiledby Mr Matt Morgan, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Morgan is a geologist employed by CoalworksLimited. He has the relevant experience in relation to the coal deposits being reported on to qualify as a Competent Person as defined in theJoint Ore Reserves Committee (JORC) Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves. Mr Morgan hasconsented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

JORC- Exploration TargetIt is common practice for a company to comment and discuss its exploration in terms of target and size type. The information in this presentationrelating to an exploration target for the Ferndale Project should not be misunderstood or misconstrued as an estimate of Mineral Resources orOre Reserves. The potential quantity and grade is conceptual nature, there has been insufficient work completed to define a mineral resourceand it is uncertain if further exploration will result in the determination of a mineral resource.

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EXECUTIVE SUMMARY

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CORPORATE• ~149.1M Shares on Issue; Current Share Price ~$0.60; Market Cap ~$90M• Cash at end of September 2011 ~ $18.2M• Top 20 Shareholders holding ~65%

COALWORKS KEY PROJECTSKey Resources HighlightsVickery South • 58.5 Mt JORC Resource including 48 Mt Measured and 10.4 Inferred Resources Semi-soft Coking and

Thermal Coal• Itochu, CWKs, JV partner to increase its equity from 29% to 49% by funding the project to BFS• Updated PFS released in June 2011, NPV (10% discount rate) of the 3Mtpa project $243M with 23% IRR• Acquisition of land for A$20M

Ferndale • 350 to 530 Mt Exploration Target of export quality open cut and underground Semi-soft Coking Coal and Thermal Coal

• Coalworks 92.5%, Mincorp Investments Pty Ltd 7.5%• Coalworks / Boardwalk Resources $25M JV – Boardwalk to fund the project up to BFS for open cut and

PFS for the underground• JORC Resource expected in December 2011

Oaklands North • 822M tonnes JORC resource • PFS – under review by CWK and Minarco, to be completed December 2012

Orpheus Energy • Orpheus Energy Limited (“Orpheus”) was floated on ASX on 17 August 2011• Focused on coal production in Indonesia, first project, B26, about to recommence production.

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COALWORKS DIRECTORS

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Wayne MitchellAASA, AAIM (Chairman)

Mr Mitchell is a qualified accountant with over 30 years extensive senior management experience in the natural resource sector, both in Australia and in South East Asia.

Dr Andrew FirekM. Sc., Ph.D., FAusIMM, FAIE (Managing Director/CEO)

Dr Firek has been involved in coal exploration, mining and processing industry at operational and executive levels for over 20 years.

Ian CraigB App Sci (Min Eng), FAusIMM (Non-Executive Director)Mr Craig is a mining engineer who recently retired from Peabody as Group Vice President and Managing Director in February 2008. He maintains an active role in the coal industry through his involvement as a director with MISC, Dingo and most recently Boardwalk Resources.

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COALWORKS MANAGEMENT

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Geoff Kidd (Operations Manager)

Mr Kidd has over 30 years experience in hands-on roles designing & building new mines & driving technological and operational efficiencies in new mine development and managing coal projects.

Matt MorganBSc (Geology) (Exploration Manager)

Mr Morgan has 15 years experience in mine geology, quality control and mining engineering, and mine management roles in coal, gold, antimony, and iron ore mining & exploration, both Open Cut and Underground.

Steve Harper BE, MIEAust, CPEng (Project Manager)

Mr Harper has 35 years experience in project management, study management, design management and engineering design, in the field of building, infrastructure, mining, petrochemical, heavy industrial and process.

Chris Hagan BA, LLB, Acc.Spec. (Bus) (Senior Advisor)

Mr Hagan has over 25 years’ experience advising publicly-listed and private companies on legal and corporate affairs, including large scale capital raising strategies, IPOs and restructures.

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David SmithB Econ, Dip Mgmt - Executive MBAMr Smith is an investment banker of 15 years experience, and was most recently at BBY Limited where he was Head Equity Capital Markets. Mr Smith maintained a Top 10 ranking in the annual SMH Age East Coles Investment Banking surveys from 2008-2010. Prior to joining BBY, he worked at Ord Minnett and then JPMorgan Chase.

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VICKERY SOUTH COKING & THERMAL COAL PROJECT

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VICKERY SOUTH LOCATION

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GEOLOGICAL SUMMARY

Geological database consists of:

Modeling includes 6 seams (21 plies):• Gundawarra (4 plies)• Welkeree (2 plies)• Shannon Harbour (6 plies)• Stratford (3 plies)• Bluevale (2 plies)• Cranleigh (4 plies)

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GEOLOGICAL SUMMARY

Seam Thickness – 90% of total coal in pit shell > 0.5m9

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VICKERY SOUTH PFS

KEY HIGHLIGHTS Vickery South is a multi Seam coal deposit suited to truck & shovel open cut extraction

with JORC Code compliant resource of 58.5 Mt

Project production at 3Mtpa with:

16 year mine life

NPV $243M

IRR 23.2%

Typical coal product quality: SSCC @ 7.7% ash (a.d.) & Export Thermal Coal @ 5.9% ash (a.d.) through on site Coal Handling and Preparation Plant

Average yield is 84% on washing all coal: 83% SSCC / 17% premium thermal coal

Capital cost of A$243M

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VICKERY SOUTH COKING & THERMAL COAL PROJECT

From Vickery South Pre-feasibility Study (July 2010) by Minarco-MineConsult 1111

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VICKERY SOUTH COAL HANDLING AND TRANSPORT

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VICKERY SOUTH DEVELOPMENT TIMETABLE

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FERNDALE COAL PROJECT

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FERNDALE LOCATION

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FERNDALE

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KEY HIGHLIGHTS Coalworks’ 92.5% owned subsidiary Loyal Coal Pty Ltd executed a Farm in and Joint Venture

with Boardwalk Ferndale Pty Ltd

Boardwalk can spend up to $25 million to earn 50% of Loyal Coal’s interest in Ferndale (EL 7430). The funds are for a bankable feasibility study for an open cut mine and a prefeasibility study for an underground mine

Ferndale Coal Project – Drilling Stages 1 and 2 complete and Stage 3 underway

Ferndale drilling results confirm the presence of potential Open Cut Mining targets of 50 - 80Mt within the shallow Newcastle Coal Measures (NCM)

Ferndale Deep drilling results confirm the presence of potential underground mining targets within the Upper and Middle Wittingham Coal Measures with a current Exploration Target of 300 - 450 Mt of export quality thermal coal, PCI and coking coal in the Newcastle Coal Measures (NCM) and Wittingham Coal Measures (WCM)

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FERNDALE STAGES 1 AND 2 DRILL HOLES

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FERNDALE PRELIMINARY DRILL RESULTS

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Table 1: Coal analysis results for potential working sections in the Newcastle Coal Measures seams in FD001,FD003, FD004 and FD007.

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FERNDALE PRELIMINARY DRILL RESULTS Cont.

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Table 2: Coal analysis results for potential working sections in the Whittingham Coal Measures seams in FD001,FD003, FD004 and FD007.

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FERNDALE GEOLOGICAL MODEL

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FERNDALE DEVELOPMENT TIMETABLE

1 Assume the results of the PFS finished end 2012, adequate to submit an EIS2 Assume EIS is 24 months3 Assume construction over 12 months sufficent for processing4 Detail finalised as exploration results confirmed & PFS commences in regard to CHPP and infrastructure

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OAKLANDS NORTH SITE LOCATION

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OAKLANDS LOCATION

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OAKLANDS NORTH MINE & COAL TO LIQUIDS PLANT

Oaklands North Coal Deposit• Approximately 820 Mt JORC resource of sub-bituminous coal.• Readily mineable using conventional open cut methods.• Coal is ideal for gasification (as tested by GTI Chicago)

Preliminary Feasibility studies completed for 7,000, 14,000 and 21,000 bpd CTL Plant capacity options - 21,000 bpd plant has best economic potential.

21,000 bpd will require a multi billion dollar consortium to be formed. First petrol could be available in 2017, providing funds were secured

from this consortium. PFS to be completed December 2012.

CTL = Coal Synthesis Gas Methanol Gasoline

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COALWORKS AND SYNTHESIS ENERGY

In December 2009, CWK and Synthesis Energy Inc (SES), a NASDAQ listed company, entered into a strategic alliance to utilise the SES proprietary U-GAS gasification technology at Oaklands

The Zao Zhuang Plant in Shandong Province is a commercial example of successful implementation of the SES technology

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OAKLANDS DEVELOPMENT TIMETABLE

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SUMMARY

Strong board with international experience in coal sector

Experienced exploration, design and operations team

Executed JV agreements with high quality partners

Company has substantially increased the value of its tenements

Vickery South Prestrip & Mine December 2014

Ferndale first coal mid 2016

Oaklands CTL/export coal PFS December 2011

Strong cash position

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Wayne MitchellDavid Smith

Coalworks LimitedLevel 5, 44 Miller Street North Sydney NSW Australia 2060

Ph: +61 2 9922 1344 Fax: +61 2 9922 4288Email: info@coalworks.com.au Website: www.coalworks.com.au

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ENQUIRY AND CONTACT

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