QUARTERLY ACTIVITIES STATEMENT

ASX Announcement

9 September 2014

Share Purchase Plan Withdrawn

Tiaro Coal Limited (TCM) advises that the Share Purchase Plan (SPP) has closed.
Funds raised through the SPP were to be used to progress the company's exploration activities and to provide working capital. However, given the volume of shares shareholders have agreed to take up under the SPP,
the directors are of the view that insufficient funds were raised through the SPP to realise this objective and
accordingly that the SPP should be withdrawn.
Shareholders who have lodged applications under the SPP will receive a full refund for their application monies under the SPP by cheque sent to the address specified in the shareholder's Application Form.
Dan Buckley, CEO said, "Tiaro's exploration and development plans exceed the amount raised in the SPP. The board is now reviewing alternate fundraising options and considers it appropriate to withdraw the SPP at this time. TCM will advise shareholders of alternate fundraising plans shortly."
For further information please contact:
Dan Buckley - Managing Director
Telephone: +61 2 9251 7177 or 0412 237 823
Henry Kinstlinger - Investor Relations
Telephone: +61 2 9251 7177

Level 2, 131 Macquarie Street Telephone +61 2 9251 7177

Sydney NSW 2000 Australia Facsimile +61 2 9251 7500 www.tiarocoal.com.au

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