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Investor Presentaiton

South Australian Government Support Jay Weatherill Premier Tom Koutsantonis Treasurer and SA Premier visit to Shanghai, China, April 11, 2016: Achievements highlighted by Weatherill included a heads of agreement signed by the Shanghai Electric Power Generation Group and Leigh Creek Energy Ltd to explore the joint development of a gas-fired power station in South Australia. "The agreement is positive for the Upper Spencer Gulf, providing hope for towns such as Port Augusta, Whyalla and the northern regional town of Leigh Creek," Weatherill said. Minister for Mineral Resources and Energy 29 April 2016: "I the Leigh Creek project remained subject to rigorous environmental impact assessments before it could progress further". "We have a very effective regulatory framework in SA and the merits of the LCK project will be assessed against that framework, not a political decision ..." 30 Aug 2016: Treasurer Tom Koutsantonis "I strongly believe that the approval or otherwise of gas exploration and extraction projects should be left to independent experts, rather than to politicians. We have the best regulatory systems in the world in this country and those systems should be trusted to protect the environment, the agriculture industry and communities. This decision is bad news for the National Electricity Market because new sources of supply of gas will continue to be constrained." He used the Victorian ban to once again position SA as "open for business" for the controversial extraction method. "I encourage any exploration companies affected by this decision to consider coming to South Australia, where the assessment and approval of projects is left to expert regulators". LCK www.lcke.com.au SOUTH ASX: LCK AUSTRALIA LEIGH CREEK ENERGY 22
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