Jameson Resources Limited welcomed the announcement by Bathurst Resources Limited, its partner in the Crown Mountain Project, in relation to the New Zealand Supreme Court decision to uphold Bathurst's appeal against the case brought against Bathurst by L&M Coal Holdings Ltd.; Jameson and Bathurst are shareholders in NWP Coal Canada Limited (NWP) which owns the Crown Mountain Hard Coking Coal Project located in the Elk Valley, British Columbia, Canada; As confirmed by the Bankable Feasibility Study completed in July 2020, the project is one of the most attractive hard coking coal development projects in the world due to its premium quality hard coking coal quality, its location within an established production area, close proximity to existing infrastructure and competitive cost structure; Bathurst has to date committed CAD 14.1 million to the evaluation of the Crown Mountain Project, gaining 22.2% ownership of NWP, including 2.2% held as preference equity. Bathurst and Jameson are funding the Project up until the receipt of permits and Final Investment Decision (FID) in proportion to common equity shareholding, being 20% and 80% respectively; Bathurst has the option to achieve 50% common equity shareholding in NWP if at FID, Bathurst, at its sole discretion, elects to contribute a further CAD 107.4 million to project development; NWP is working to finalise the Environmental Assessment for submission to Regulators. All technical assessment required for the EA has now been completed and following completion of a regulatorily required step in the ongoing engagement with key First Nations groups, it is expected the EA will be submitted to Provincial and Federal Regulators for review during the September Quarter; and In parallel, with this engagement, NWP is progressing peer review of the Draft EA and extensive engagement and site visits with a range of stakeholder groups and Regulators.