On September 30, 2022, Australian Pacific Coal Limited announced that further to its announcement on September 27, 2022 regarding its agreement with each of Trepang Services Pty Ltd (Trepang), M Resources Pty Ltd (M Resources) and Tetra Resources Pty Ltd (Tetra Resources) for a strategic partnership between all of the parties to see Dartbrook re-commissioned as a coal producing mine (Strategic Partnership), the Company is pleased to announce that Trepang has agreed to use reasonable endeavors to negotiate an agreement to extend the existing the Company access and compensation agreement, various easement arrangements and term transfer of water rights on mutually agreeable commercial terms, which is intended to allow underground mining operations to continue at Dartbrook for the duration of the mine life extension approvals. In addition, the Company stated that Trepang Services Pty Ltd has agreed that within one business day of today?s date it will provide written notice to the Company irrevocably and unconditionally withdrawing the notices issued to the Company under sections 203D and 249D of the Corporations Act dated 31 August 2022 and 1 September 2022, respectively.