Atrum Coal to Seek Proposals for A Potential Divestment of Its Groundhog and Panorama Anthracite Assets Located in Northern British Columbia, Canada

Atrum Coal Limited is an Australia-based metallurgical coal development company. The Company is engaged in hard coking coal exploration and development in Alberta, Canada and anthracite in British Columbia, Canada. It operates through two segments: exploration and all other segments. Exploration consists of mineral exploration and development in Canada. All other segments primarily involves corporate management and administration. The Company's projects include the Elan Hard Coking Coal Project and the Groundhog and Panorama Anthracite Projects. The Elan Hard Coking Coal Project is located in the Crowsnest Pass area of southern Alberta, Canada. The Panorama North Project is located in north-west British Columbia, Canada and hosts a 174 Mt inferred resource. It consists of approximately 12 coal licenses and covers an area of approximately 74 square kilometers (km2). The Groundhog project hosts approximately 1.19 billion tons (bt) of high-grade anthracite resources with low product ash.