ASX Announcement 10 February 2017

Board and Management Changes

The Board of NuCoal announces the following changes in Board and Management roles.

  • Mr Glen Lewis will step down from the position of Managing Director on 5 March 2017. Glen will become a Non Executive Director of NuCoal as at this same date.

  • Ms Megan Etcell will become Chief Executive Officer from 5 March 2017. Megan will retain the duties of CFO when she moves into this new role.

Chairman Gordon Galt said "These changes have been made to ensure that the pursuit of compensation for NuCoal following the expropriation of its Doyles Creek Project in January 2014 by the Parliament of NSW will continue for the long term. As shareholders are aware, Mr Lewis and Ms Etcell have been working part time at NuCoal for some two years, and this situation clearly could not continue into the future. The solution we have implemented will allow Mr Lewis to take up a senior role within the coal industry. With him remaining as a NED, NuCoal will retain his knowledge so that he can continue contributing to NuCoal's aims. Ms Etcell will fill all required duties needed as CEO, and again her ability to work more hours in NuCoal is enhanced by her move. I am sure that all shareholders will thank Glen and Megan for their strong performances as Managing Director and CFO respectively in the extremely difficult circumstances which were imposed on them."

Mr Galt added "Going forward, the entire Board remains committed to pursuing all possible remedies to obtain compensation for the unjust asset expropriation and will work with Megan towards that end for the foreseeable future."

For further enquiries please contact: Megan Etcell

Company Secretary

Tel: +61 2 4015 0500

Registered Office

Unit 8, 24 Garnett Road

Greenhills NSW 2323

T +61 2 4015 0500

F +61 2 4015 0599

E admin@nucoal.com.au

www.nucoal.com.au

ASX:NCR • Share Information

Issued Shares: 768.6m

Board of Directors

Chairman: G. Galt

Managing Director: G. Lewis Non Executive Director: J. Beecher Non Executive Director: M. Davies Company Secretary: M. Etcell

NuCoal Resources NL published this content on 10 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 February 2017 03:03:06 UTC.

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