NuCoal Resources Ltd. advised that further to the announcement of 11 November 2022 regarding the planned exploration program intended for Exploration Licence 6812 (EL 6812), the Company is now proceeding to undertake the work schedule specified in the renewal: as agreed with the NSW Government; and as advised by company's consultants, Palaris. Palaris is a senior consultancy in Australia and is an industry expert on exploration programs for coal in NSW. Its views reflect best practice for exploration in NSW.

The program includes a phase 3 drilling program of seven cored holes to provide data on resource quantum and quality for the 6 coal seams known to occur on EL 6812. Planned Exploration Program: The planned exploration program is being undertaken without delay, and allows for obtaining the required approvals with relevant stakeholders before on the ground drilling is possible, which in company's case comprises AGL and the NSW Government. In AGL's case, site access requires completion of an access and compensation agreement.

NuCoal is proceeding on the basis that it is implementing an aggressive program which is intended to achieve on the ground drilling status "as fast as possible". If this can occur, company will advise shareholders accordingly.