Fortbridge Media Release

Celsius Coal Ltd. [ASX:CLA] - Celsius Signs MOU with Two Key Chinese Customers

Highlights:

� Celsius has signed a non-binding MOU with two potential Chinese off-take customers: Bayi Steel and China Minmetals.

� Bayi Steel is the Xinjiang division of Baosteel, China�s second largest and the world�s fourth largest steel maker.

� China Minmetals is a Chinese Government key state-owned enterprise and is the largest iron and steel trader in China.

� Primary goal of MOU is to facilitate trial shipment of coking coal for metallurgical testing, and trial of logistics arrangements between the Uzgen Basin Coking Coal Project and customer facilities in Xinjiang, China.

� MOU also covers potential long-term supply agreements between Celsius and the two customers in the event the trial results in positive outcomes.

Celsius Coal Limited (ASX Code: CLA) (Celsius or the Company) is pleased to announce that the Company has signed a non-binding memorandum of understanding (�MOU�) with Xinjiang Bayi Iron and Steel Group (�Bayi Steel�) and China Minmetals Group (�China Minmetals�). Both of these tier-one Chinese companies have operations in the Chinese province of Xinjiang neighbouring the Kyrgyz Republic.

Commenting on the MOU Executive Chairman Mr. Alexander Molyneux stated, �The execution of this agreement demonstrates the strong Chinese customer interest in our coking coal. Bayi Steel is the major end-user for coking coal in Xinjiang and China Minmetals is a major importer and distributor of steel supply chain commodities to smaller end-users. Both companies are absolutely top-tier potential customers for our Uzgen Basin Coking Coal Project.�

The purpose of the MOU is to establish a working arrangement between Celsius, Bayi Steel and China Minmetals, to undertake preliminary investigations for the export, testing and supply of coking coal from Celsius� projects in the Kyrgyz Republic. The commencement for the delivery of the trial shipments is yet to be agreed, but will occur no earlier than Q2 2014, and will expire on 31 December 2014.

To view the full announcement please refer to the attachment.

For more information please contact:

Mr. Ranko Matic
Company Secretary
+61 (08) 9226 4500

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