Finalises Sale of South Australia tenement EL 4445 The Waterberg Coal Company Limited The Waterberg Coal Company Limited (ASX:WCC) finalises (formerly Range sale of South Australia tenement EL 4445 River Gold Limited) (Incorporated in Australia) The Board of WCC wishes to announce that it has (Registration finalised terms of the sale of its South Australia number ABN 64 065 tenement EL4445 Claypan Dam to Apollo Minerals Limited (“Apollo”) following discussions between the parties. 480 453) ASX: WCC | JSE: WCC | ISIN: The agreed payment terms, now reduced to writing, are AU000000WCC9 as follows: (“WCC” or “the 1. An initial sum of $75,000 to be paid on settlement Company”) by way of the issue of Apollo shares (Shares), the number of which is to be determined from the ASX Release volume weighted average share price (VWAP) for the five trading days preceding the settlement date. 24 November 2014 2. A further sum of $50,000 to be paid 30 days following confirmation by the Department for Manufacturing, Innovation, Trade, Resources and THE WATERBERG COAL Energy of the State of South Australia of the COMPANY LIMITED renewal of the exploration licence. Such ABN 64 065 480 453 consideration also to be paid by way of the issue of Shares, the number of which is to be determined Registered office: from the VWAP for of the five trading days Level 2, 1 Walker Avenue West Perth, Western preceding the date of the renewal notification. Australia 6005 3. A final sum of $250,000 upon determination and Australia release on ASX, by 31 December 2017, of a JORC compliant resource statement comprising a minimum Tel:+61 8 9485 0888 of 50 Million Tonnes greater than 0.75% Cu, or, a Fax: +61 8 9485 0077 minimum of 10 Million Tonnes greater than 55% Fe, to be paid, at Apollo’s election, by way of South African office: Shares, or cash, or a combination of Shares and Level 1, The Place, cash, The number of Shares to be issued is to be 1 Sandton Dr determined from the VWAP for the five trading days Sandton, 2146 preceding the date of release of the JORC South Africa compliant resource notification. Tel: +27 10 594 2240 Fax: +27 10 594 2253 The sale and purchase agreement contains standard warranties and covenants as are accepted in transactions of this nature. Contact: Mr Stephen Miller Chief Executive Officer, Stephen Miller stated “It has Executive always been our intention to realise value for Director/CEO shareholders from the tenements in South Australia Or which are non-core to WCC’s operations. The deal with Investor relations Apollo provides us with an immediate benefit and allows in South Africa: us to focus on our South African coal project which is Bruce Tinney gaining momentum.” +27 (83) 408 3028 E-mail: info@waterbergcoal.com Stephen Miller .au Executive Director and CEO The Waterberg Coal Company Limited Directors: JSE Sponsor Dr Mathews Phosa (Chairman) The Standard Bank of South Africa Limited Stephen Miller (Executive Director and CEO) Lee Boyd (Director and Company Secretary) ASX / JSE Symbol: WCC Date: 27/11/2014 10:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.