Coalworks Limited : 11 November 2011 - Results of Annual General Meeting

COALWORKS Limited 11 November 2011 RESULTS OF ANNUAL GENERAL MEETING

Coalworks Limited (ASX: CWK) announces the results of its Annual General Meeting held today.

In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, Coalworks advises details of the resolutions and the proxies received in respect of each resolution as set out in the attached proxy summary.

For further information, please contact: Nathan Bartrop

Company Secretary

Tel: [phone]

Fax: [phone]

Email: [e-mail]

www.coalworks.com.au
Coalworks has a portfolio of projects in Australia including:
1. Vickery South, Gunnedah Basin (exploration target coking/thermal coal)
# JORC Resources Increase by 15% to 58.5Mt - see ASX Announcement 18.07.2011
# ITOCHU to proceed with BFS for Vickery South - see ASX Announcement 18.05.2011
# ITOCHU signs Farm In Agreement in $11m deal - see ASX announcement 04.05.2010
# Preliminary Feasibility Study - positive with semi soft coking coal forming 83% of product - see
ASX announcement 15.06.2011
# ITOCHU Farm-in Stage 1 payment of $5m and signing of JV agreement sees Itochu acquired a 29%
interest in Vickery South - see ASX announcements 22.12.2010 and 23.2.2011
2. Ferndale Coal Project
# Coalworks includes its 92.5% owned subsidiary Loyal Coal Pty Ltd
# New Exploration Target 350Mt - 530Mt of coking/thermal coal - see ASX announcement
19.11.2010)
# Boardwalk Resources signed Farm-In and Joint Venture Agreements in $25m deal - see ASX
announcement 09.12.2010
3. Oaklands Coal Project (JORC measured, indicated and inferred 822Mt thermal coal)
- see ASX announcement 5.11. 2009;
- Strategic Alliance with Synthesis Energy Systems Inc to develop Oaklands coal-to-petrol plant announced - see ASX announcement 2.12.2009

COALWORKS Limited ACN 114 702 831

Level 5, 44 Miller Street, North Sydney NSW 2060 AUSTRALIA Ph: [phone]

Fax: [phone]

Email: [e-mail]

www.coalworks.com.au

Coalworks Ltd

ACN 511 147 028

Coalworks Annual General Meeting BLUE CARD-Friday, 11 November 2011 Disclosure of Proxy Votes

Resolution Number	1.	2.	3.
Decided by a show of hands (S) or poll (P)	P	P	S
Total number of proxy votes exercisable by proxies validly appointed	78,834,400	93,876,180	93,898,180
Total number of proxy votes in respect of which the appointment specifies that: - the proxy is to vote for the resolution - the proxy is to vote against the resolution - the proxy is to abstain on the resolution - the proxy may vote at the proxy's discretion	21,310,626 57,315,414 31,995 208,360	44,028,765 49,630,755 139,850 216,660	80,712,544 12,943,976 117,850 241,660
Total votes cast on a poll in favour of the resolution	21,757,126	44,691,925	n/a
Total votes cast on a poll against the resolution	57,828,114	50,143,455	n/a
Total votes cast on a poll abstaining on the resolution	64,995	139,850	n/a

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Coalworks Ltd

ACN 511 147 028

Coalworks Annual General Meeting BLUE CARD-Friday, 11 November 2011 Disclosure of Proxy Votes

Resolution Number	4.	5.	6.
Decided by a show of hands (S) or poll (P)	P	P	P
Total number of proxy votes exercisable by proxies validly appointed	93,892,180	80,923,180	80,825,432
Total number of proxy votes in respect of which the appointment specifies that: - the proxy is to vote for the resolution - the proxy is to vote against the resolution - the proxy is to abstain on the resolution - the proxy may vote at the proxy's discretion	43,398,765 50,251,755 123,850 241,660	29,404,956 51,317,664 38,125 200,560	22,416,813 58,200,559 135,873 208,060
Total votes cast on a poll in favour of the resolution	44,579,425	29,879,156	22,891,013
Total votes cast on a poll against the resolution	50,264,455	51,830,364	58,713,259
Total votes cast on a poll abstaining on the resolution	131,350	45,625	143,373

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