Tigers Realm Coal : Agreement Signing and Residency in ADZ

ASX RELEASE

13 September 2016

INVESTMENT HIGHLIGHTS

• Developing a large scale coking coal basin
• Two exceptionally well located coking coal deposits
• Combined Resources of 632 Mt
• Project F & Amaam North: Signing of Co-operation Agreement with Government of the Chukotka Autonomous Okrug
  • 16.1 Mt of Product ReservesF, 6.1 Mt Proven & 10.0 Mt Probable
  • 110.6 Mt total Resource, 22 Mt MeasuredD, 55.7 Mt Indicated C & 32.9Mt Inferred B
  • Excellent upside exploration potential
  • 37km from TIG's owned and operated Beringovsky coal port
  • Feasibility Study completed in 2014 and updated in April 2016
  • Phase One development commenced
  • First production scheduled Q4 2016
• Amaam:
  • 521Mt total Resource comprising 3.1Mt MeasuredD 91Mt IndicatedC & 428Mt InferredB
  • 25km from planned port site and only 8 days shipping to China, Korea and Japan
  • High vitrinite content (>90%) coking coal with excellent coking properties
  • PFS completed on 5Mtpa coking coal mine BOARD OF DIRECTORS Craig Wiggill Non-executive Chairman Owen Hegarty Non-executive Director Bruce Gray Non-executive Director Tav Morgan Non-executive Director Tagir Sitdekov Non-executive Director INTERIM CHIEF EXECUTIVE OFFICER Peter Balka CHIEF FINANCIAL OFFICER Denis Kurochkin Tigers Realm Coal Limited ACN 146 752 561 ASX code: "TIG" Level 7, 333 Collins St, Melbourne VIC 3000 T: ([phone] & Ministry of Far East Development awards Certificates of Residency for TIG Companies in the Beringovsky Advanced Development Zone

    Summary of Co-operation Agreement

• During the recent Eastern Economic Forum (EEF) in Vladivostok, TIG and the Government of the Chukotka Autonomous Okrug (CAO) signed an update to their existing agreement to strengthen co-operation in developing the Beringovsky coking coal basin and constructing the transport, logistics and energy infrastructure to support TIG's projects.

  Advanced Development Zone Residency

• In a formal ceremony at the EEF, Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yuriy Trutnev and Alexander Galushka, Minister for the Development of the Russian Far East, awarded TIG with Certificates of Residency for two of TIG's companies registered in the Beringovsky Advanced Development Zone (ADZ).

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During the recent Eastern Economic Forum in Vladivostok, TIG signed an update to its Co-operation agreement with the Government of Chukotka, and was formally awarded certificates confirming its residence in the Beringovsky Advanced Development Zone (ADZ).

Summary of the Co-operation Agreement with Chukotka Government

The primary purpose of this agreement is to further strengthen the relationship and co-operation between TIG and the CAO in developing the Beringovsky coking coal basin and constructing the transport, logistics and energy infrastructure to support TIG's projects.

The Government of Chukotka has undertaken to assist the TIG group:

• To obtain the necessary permits for conducting its project activities;

• To employ locally qualified personnel for the company's operations, and secure federal subsidies associated with the deployment of employees to Chukotka;

• To access infrastructure and production facilities owned by Russian municipal and regional governments on economically acceptable terms during the entire term of the Company's projects;

• Cooperate with Russian Federal executive bodies performing regulatory activities and servicing of infrastructure facilities (seaports, airports, etc.); and

• In the development of economically acceptable requirements in relation to the design and reconstruction of border and custom control points at Beringovsky port.

  The TIG group has undertaken to work to finance capital and operating expenditures related to the development of Phase One of Project F, including:

• To endeavour to commence production in Q4 2016 and to reach 500,000 tonnes of production by 2018;

• To create at least 100 jobs to support the mining and transportation of coal product;

• To ensure compliance with the Company's obligations under its geological exploration and mining licences;

• To ensure implementation of environmental controls and the highest standards of industrial safety at the Company's operations; and

• To provide coal necessary for quality testing as a precursor to supplying coal to heat and power generating companies in the region.

  Roman Kopin, Governor of CAO (left) and Peter Balka, TIG CEO (right), following signing of the Co-operation Agreement

  TIG - Resident in the Beringovsky Advanced Development Zone

  The Beringovsky Advanced Development Zone was formally created and enacted in Russian Legislation to provide an attractive investment and administrative framework for investors and companies operating within the ADZ. The benefits to companies registered in the ADZ include:

• Preferential customs regulations and exemptions from some import duties and customs duties.

• Easier regulations for employing foreign staff (in the event of a shortage of local workers).

• The opportunity to receive co-financing from the sovereign Russian Far East Development Fund.

• Exemption from taxes on revenue, property and land for the first five years of the implementation of the company's investment projects.

• Reduction of social security payroll tax from 30% to 7.6% for the first 10 years of company's activities.

In a formal ceremony at the Forum, the Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District, Yuriy Trutnev, and the Minister for the Development of the Russian Far East, Alexander Galushka, awarded TIG with Certificates of Residency for two of its companies registered in the Beringovsky Advanced Development Zone.

The two TIG companies are Beringpromugol (BPU), holder of the Amaam North Licences and operator of Project F, and Port Ugolny (PU), owner of TIG's Beringovsky Port.

Yuriy Trutnev (centre), Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District and Alexander Galushka (left), Minister for the Development of the Russian Far East awarding Denis Kurochkin, TIG CFO, Certificates of Residency for two of TIG's companies, BPU and PU, in the Beringovsky Advanced Development Zone