The Board of Directors of Golden Energy and Resources Limited provided the following updates and profit guidance for the unaudited consolidated financial results for the six months and full year ended 31 December 2021. Based on a preliminary assessment of the Group's unaudited financial results for second half of 2021 and 2021, the Board of Directors wishes to advise that the Group expects to report a significant improvement in revenue and earnings for second half of 2021 and 2021, as compared to the six months and full year ended 31 December 2020. This is primarily due to the higher average selling prices arising from an increase in coal prices, as reflected in the Indonesian Coal Index 4.