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Completion of A$4 Million Capital Raising to Advance Colombian Projects

- A$4 million successfully raised via a private placement to an institution and a sophisticated investor

- Placement completed at 9% premium to the closing price on 19 September 2011 and a 14% premium to the 10 day VWAP ending 19 September 2011

- Proceeds to be used to advance NAE’s Colombian coking and thermal coal projects including accelerating early production of coking coal from the Subachoque Project.

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