Tiaro Coal Ltd.

Dynasty Metals Australia refers to its previous announcement on 29 May 2012 in relation to its minority interest of 8.65% in a joint venture company with a subsidiary of Tiaro Coal Limited. Dynasty Metals has today entered into an agreement with Tiaro Coal to transfer its minority interest in the joint venture company to Tiaro Coal in exchange for 3,000,000 ordinary shares in Tiaro Coal.