Mr. Hugh Rogers reports

CORONADO WELCOMES EXPERIENCED OIL EXECUTIVE TO BOARD

Frank Jacobs, an internationally experienced oil and gas executive, has joined the board of directors of Coronado Resources Ltd. Mr. Jacobs holds a BSc in chemical engineering degree from the Higher Technical College in Breda, Netherlands, as well as an MSc in chemical engineering degree, major in petroleum engineering, from the University of Calgary. Mr. Jacobs has more than 35 years of experience in the oil and gas industry that includes operations management from concept select to full field development, acquisitions, and development of existing oil and gas production. Mr. Jacobs has extensive experience as a director and senior executive of public companies in Canada, Australia and the United States.

Mr. Jacobs has worked in Australia and North and South America, as well as Southeast Asia, and is responsible for numerous oil and gas production acquisitions. Most recently, Mr. Jacobs was based in Kuala Lumpur, leading the technical team and project financing for the $135-million Ophir oil field development, offshore Malaysia.

Coronado's board now consists of Hugh Rogers, Ashley Garnot, David Loretto, John Vaccaro and Mr. Jacobs.

The current low oil price scenario has created opportunity and a healthy entry point, and Coronado is aiming to move into the upstream oil and gas business through the acquisition of a suitable production project. TAG Oil Ltd., with operations and approximately 2,000 barrels of oil equivalent per day of oil and gas production, is a 49-per-cent shareholder in Coronado.

We seek Safe Harbor.