TPL Information Memo_April 2011_18May11_compressed

TPL Information

TPL CORPORATION LIMITED

INFORMATION MEMORANDUM

CANNING BASIN COAL PROJECT

Suite 6, 245 Churchill Ave, Subiaco WA 6008 PO Box 226 Subiaco WA 6904

Telephone: +61 8 9217 3300

TPL Information

DISCLAIMER

TPL Corporation Ltd has prepared this document based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this document.

To the maximum extent permitted by law, none of TPL Corporation Ltd, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this document or its contents or otherwise arising in connection with it.

This document is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this document nor anything in it shall form the basis of any contract or commitment whatsoever. This document may contain forward looking statements that are subject to risk factors associated with coal exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially,including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes,economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

The information in this document that relates to mineral resources and exploration results are based on information compiled by ___________ who is a Member of the Australasian Institute of Mining and Metallurgy. Any statement herein, direct or implied, as to any potential deposit is conceptual in nature and a reference to the targeted coal potential and not to any JORC compliant Mineral Resource. Mr _____ is a director of _________ and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 edition of the JORC Code. Mr ________ has given his consent to the inclusion in this document of the matters based on the information in the form and context in which it appears.

The information in this document that relates to exploration targets refers to targets that are conceptual in nature, where there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

Suite 6, 245 Churchill Ave, Subiaco WA 6008 PO Box 226 Subiaco WA 6904

Telephone: +61 8 9217 3300

TPL Information

SUMMARY

TPL Corporation Limited (“TPL”) has identified potential thermal coal and other minerals within the Canning Basin in Western Australia (“WA”). The Canning Basin has an areal extent 2.5 times the size of the Bowen Basin in Queensland and has been significantly underexplored due to its remoteness and lack of geological data. However its proximity to India and China, who have only recently started importing thermal coal, the demand of which is projected to increase rapidly in coming years, has changed the perception of the Canning Basin.

Based on the 1:1 million scale compilation map that was released in December 2008 by Geosciences Australia in the Surface Geology Of Australia, there are currently 260 pegged geological targets based on the known location of the sub-outcrop of the coal prospective Lightjack Formation for evaluation. TPL has a significant number of these targets contained within its 38 tenements. Upon granting of these applications, TPL will have the largest land position in the Canning Basin.

Rey Resources Ltd have been delineating coal resources in the western Canning Basin (>500Mt resources delineated to date) and with the WA State Government making recent public statements

regarding construction of a deep water port at Point Torment close to Derby (Colin Barnett, March 11, on ABC Radio: ”Our main discussion with INPEX was about their supply base being located near Derby at a place called Point Torment. That’s something I’m very keen to achieve. That would bring a great new economic prosperity for that Derby region.”). Against such a background TPL sees a dramatic change occurring in the Canning Basin.

Metallurgical work indicates that the specification for Canning Basin thermal coal discovered to date is typical of Asian traded products. In addition, the Canning Basin would cut the shipping time to India or China by about a third compared to the Bowen Basin in Queensland. These factors could position the Canning Basin as the supply centre for thermal coal to the great emerging economies of India and China. TPL believes that the rewards for investors well positioned in this region could be substantial. This is an outstanding opportunity to invest in a potentially large scale project at a very early stage. TPL is looking for partners to share in this vision.

TPL has conducted a thorough review of the historical data available for the relevant areas of the Canning Basin, including:

Summary of the regional geology and a detailed description of the Permian stratigraphy of the

Fitzroy Trough;

Summary of the published data on Rey’s Duchess Paradise Resource;