Fortbridge Media Release

Hodges Resources [HDG] - Wash test confirms export quality coal seams at Morupule South

Hodges Resources Ltd (ASX: HDG) has announced the initial wash test analysis results for the first two diamond core holes at the Morupule South project in Botswana, with the quality and the shallow depth of the initial coal seams exceeding the Company�s initial expectations of the project.

Higlights:
*Initial wash test analysis results received for first two core holes targeting shallow coal seams at the East Block, Morupule South.
*Hole MSD40 returned a calorific value of 6,638 Kcal/kg (using a 1.6 wash fraction) from the upper seam which starts 28m below surface.
*Hole MSD46 returned a calorific value of 6,030 Kcal/kg (using 1.6 wash fraction) from the upper seam which starts 33m below surface.
*Coal quality and seam geometry support the potential for extraction via open pit methods.

After a positive reconnaissance drilling program in the eastern block during late September, which identified numerous shallow thick coal seams, a program of follow-up infill diamond drilling was undertaken. The initial two diamond core holes (MSD40 & MSD46) confirmed the presence of major coal seams. These holes were sampled and sent to the Inspectorate M&L laboratory in Middleburg, South Africa for undertaking proximate analysis. Subsequent to receiving the initial results several selected samples underwent initial wash testing.

Hodges Managing Director Mark Major said the wash testing was the first wash testing on this project and has revealed export quality coal with viable yields.

Please see attachment for more details.

For further information, please contact:

Mark Major
Managing Director
+618 9322 6412

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Fortbridge
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+61 414 535 433