Mr. Julian Treger reports

ANGLO PACIFIC GROUP PLC: DISPOSAL OF PANORAMA COAL PROJECT

Anglo Pacific Group PLC has entered into a definitive agreement with Atrum Coal NL to sell its interest in the Panorama coal project. The total consideration comprises $500,000 (U.S.) cash payable to Anglo Pacific on completion, together with one million Atrum shares and a deferred consideration of $2.0-million (U.S.) in the form of a 12-month promissory note with an interest coupon of 8 per cent. In addition, the company will retain a royalty on coal sales from the assets being sold equivalent to the higher of 1 per cent of gross revenue on a mine gate basis or $1 (U.S.) per tonne. Completion is anticipated to occur by Sept. 2, 2014.

The Panorama coal project lies approximately 15 kilometres west of Atrum Coal's Groundhog anthracite project in British Columbia and is believed to have anthracite-bearing potential.

Anglo Pacific continues to monetize non-core equity investments in order to realize cash for investment into royalty deals. A further update is provided in the first-half 2014 interim results announcement on Aug. 28, 2014.

Commenting on the transaction, Julian Treger, chief executive officer of Anglo Pacific, said: "This transaction is consistent with Anglo Pacific's strategy of monetizing equity investments and growing our portfolio of royalties. We look forward to working with the Atrum Coal management team on the development of these coal properties in Canada."