ASX ANNOUNCEMENT Springsure Indicated Resource Settlement

Guildford Coal Limited Level 7, 490 Upper Edward Street Spring Hill QLD 4000

Telephone: 07 3005 1533 www.guildfordcoal.com.au

30 December 2013
The management of Guildford Coal Limited (ASX: GUF) (The Company) recently announced a maiden
JORC Indicated Resource for EPC 1674 (the Springsure Project) of 43 Mt. This Indicated Resource
triggers a settlement from The Company to Resco Projects Pty Limited (Resco) under the sale agreement by which Springsure was acquired by The Company (Springsure Settlement).
Resco recently assigned the Springsure Settlement to TheChairmen1 Pty Ltd (C1). ResCo's assignment of the Springsure agreement to C1 extinguished the corresponding liability that ResCo had to C1, stemming from ResCo's agreement to purchase shares in Springsure from C1. The Company consented to this assignment in return for adjustments to the Springsure Settlement which improve the commercial terms for The Company.
The revised commercial terms are as follows: