21 June 2013
Manager of Company Announcements
ASX Limited
Exchange Centre
20 Bridge Street
SYDNEY NSW 2001

By E-Lodgement

Level 9, 288 Edward St

Brisbane, QLD, 4000

P: +61 7 3034 0800

F: +61 7 3034 0899

Increase to Draw Down Facility with Majority Shareholder Noble Group Limited Blackwood Corporation Limited ("Blackwood" ASX:BWD), is pleased to advise that it has agreed for a further increase to the Draw Down Facility ("Facility") entered into with its subsidiary Matilda Coal Pty Ltd, and its controlling shareholder Noble Group Limited ("Noble") that was announced to the market on 1 August 2012.

Under the Agreement, The parties have agreed to extend the repayment date of the Facility to 31 December 2013 and increase the Facility from $7,300,000 to $8,300,000 to provide the Company with an additional $1,000,000 in funds for ongoing working capital purposes.
All other terms of the Facility (as amended) remain unchanged and are in full force and effect.
For and on behalf of the Board

Patrick McCole

Company Secretary
For more information please contact:

Todd Harrington

Chief Executive Officer
Phone +61 (0) 7 3034 0800

Media Contact:

Martin Debelle (+61) 409 911 189
Citadel

Blackwood Corporation Limited

ABN 31 103 651 538

P +61 7 3034 0800

F +61 7 3034 0899

distributed by