Coalworks Limited

Asian Activities Report for June 15, 2011 includes: Crusader Resources Limited (ASX:CAS) has increased the Mineral Resource estimate of Borborema Gold Project to 1.86 Moz; Wasabi Energy (ASX:WAS) has signed a term sheet to jointly develop, own and operate the Taufkirchen Geothermal Power Plant in Southern Germany; Groote Resources Limited (ASX:GOT) has completed the scoping study of the operational, technical and economic parameters of extracting manganese from seabed locations within the Company's tenements; Coalworks Limited (ASX:CWK) has received its Preliminary Feasibility Study update for the Vickery South Coal Mine, coal handling and preparation plant and mine infrastructure.

Australian Market Report of March 18, 2011 includes: Cleveland Mining Company Limited (ASX:CDG) has signed a binding Letter of Intent to acquire and develop the El Chapo de Canela gold project in central Chile; RMG Limited (ASX:RMG) has acquired Kamarga Zinc project; Gold Road Resources Limited (ASX:GOR) Yamarna Project exceeds 1 million ounces of gold; Coalworks Limited (ASX:CWK) has completed Phase 1 drilling at Ferndale Coal Project.

Australian Market Report of March 14, 2011 includes: Brazilian Metals Group Limited (ASX:BMG) provided a further update on the drilling program at its Rio Pardo Iron Project in Brazil; Lodestone Energy Limited (ASX:LOD) is to acquire coal assets in Queensland; Zamia Metals Limited (ASX:ZGM) continues expansion drilling at Anthony molybdenum resource in central Queensland; Coalworks Limited's (ASX:CWK) wholly owned subsidiary Orpheus Energy Group Pty Ltd signed a further joint venture agreement for Kintap Coal Project in Indonesia.

Australian Market Report of December 23, 2010 includes: Coalworks Limited (ASX:CWK) has signed a joint venture agreement with ITOCHU Corporation (TYO:8001); Icon Energy Limited (ASX:ICN) secures AUD$5.9m funding from Chinese investors; Seek Limited (ASX:SEK) signed an agreement to acquire a majority shareholding in Jobs DB Inc.; White Energy Company Limited (ASX:WEC) has exercised an option to acquire Cascade Coal Pty Limited.

Australian Market Report of November 19, 2010 includes: IMX Resources Limited (ASX:IXR) has signed a strategic alliance agreement with Sichuan Taifeng Group and Sichuan Metallurgical Geological and Exploration Bureau; Coalworks Limited (ASX:CWK) has continued Phase 1 Drilling at the Ferndale Coal project in New South Wales; Elementos Limited (ASX:ELT) identified high-grade silver-rich veins in Argentina; St George Mining Ltd (ASX:SGQ) has commenced a 3,600 metre reverse-circulation gold drilling programme in Western Australia.

Australian Market Report of November 9, 2010 includes: Auckland International Airport Limited (NZE:AIA) announces new Asia air-services; Coalworks Limited (ASX:CWK) receives positive Pre Feasibility Study for the Vickery South Coal Mine; Spitfire Resources Limited (ASX:SPI) has discovered a significant new zone of near-surface manganese mineralisation in Western Australia; Centrebet International Limited (ASX:CIL) unveils plans to double market share.

Australian Market Report of September 16, 2010 inclues; Conquest Mining (ASX:CQT) has entered into an offtake contract for the sale of gold-silver-copper concentrate from its V2 deposit at Mt Carlton, Heemskirk Consolidated Limited (ASX:HSK) has announced the signing of an agreement with Conquest Mining Limited (ASX:CQT), Imugene Limited (ASX:IMU) today announced it has successfully completed a second trial of its Porcine Reproductive and Respiratory Syndrome (PRRS) vaccine and Synthesis Energy Systems Inc. (NASDAQ:SYMX) and Coalworks Limited (ASX:CWK) today made a joint presentation titled "Production of Liquid Fuels from Oaklands Coal Utilizing U-GAS(R) and MTG Technologies".

The Australian market opened modestly higher today ahead of the Reserve Bank of Australia's interest rate decision. Material and mining shares continued their losing streak in early trade due to the mining tax concerns. But Wall Street's solid gains overnight helped to support the Australian shares with improving US economic data.

The Australian sharemarket fell on Thursday as investors digested some mixed earnings results. Investors also managed to take profit for the market after two days gains. At the close, the benchmark S&P/ASX 200 index lost 13 points, or 0.28 per cent, to 4654.9, while the broader All Ordinaries index gave up 12.9 points, or 0.28 per cent to 4673.9.