Investor Presentaiton

Sierra Project - Schematic Section 28 200 West 100 0 -100 -200 Metres MacKenzie River Comet Anticline EPC 1822 Target Section Macmillian Fm. Crocker Fm. Ingelarra Fm. Burngrove Creek Creek East HERCULES Burngrove Fm. ****** PEGASUS ----- *Fair Hill Fm. CANUS ------- ----- LEPUS _ ........ ----GERMAN CREEK 0 2 4 6 8 10 Kilometres palaris PO BOX 1225 NEWCASTLE 2300 NSW AUSTRALIA Guildford Coal Limited Sierra Project East West Cross Section Date: August 2010 Drawing No: Drawn: Revision: G.A.L. Q Guildford Coal

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