Guildford: Mongolia and Queensland Update

February 8, Guildford Coal Limited (ASX:GUF) --

HIGHLIGHTS

MONGOLIA

Ø Key appointments to new Management positions to subsidiary companies Terra Energy Limited and Guildford Coal (Mongolia) Pty Ltd for the planned rapid expansion of Guildford's Mongolian Coal Operations.

Ø These appointments further strengthen the Company's Executive Management team as it prepares for the start of coking coal production at the South Gobi Project North Pit with the East Pitdevelopment to follow shortly thereafter

Ø Mining and technical team significantly augmented with the appointments of three well-credentialed Senior Executives

o CEO - Peter Westerhuis

o COO Technical - Julien Lawrence

o GM Mining - Mark Sinton

QUEENSLAND



MONGOLIA

The Board of Guildford is pleased to announce a number of key new Management positions to subsidiary companies Terra Energy Limited and Guildford Coal (Mongolia) Pty Ltd for the Mongolian Coal Operations. These appointments further strengthen the Company's Executive Management team as it prepares for the start of coking coal production and planned rapid expansion of operations at the South Gobi Project in Mongolia.

TERRA ENERGY LIMITED AND GUILDFORD COAL (MONGOLIA PTY LTD)

CHIEF EXECUTIVE OFFICER

Peter Westerhuis

Mr Westerhuis has a Bachelor of Engineering from the University of WA and a Masters of Business Administration from the University of Queensland. Prior to joining Guildford, Mr Westerhuis was an Executive Director with Idemitsu Resources Australia and the CEO of the Ensham Joint Venture. The Ensham JV owns leases in Central Queensland with reported coal resources of more than 1Bt.

Mr Westerhuis led the development and expansion of Ensham from a small open cut to a world class 9Mtpa open cut and underground mining complex employing up to 1,000 people and producing 10 different energy products for export to customers worldwide.

Mr Westerhuis has strong experience in matters of strategy, business development, customer relations, government & stakeholder relations, risk management and sustainability. He is particularly passionate about health & safety, people relations, operational effectiveness, aggressive business improvement and project delivery.

CHIEF OPERATING OFFICER-TECHNICAL

Julien Lawrence

Prior to joining Terra, Julien was the Regional Mine Services Manager for Leighton Asia Limited covering Mongolia. Mr Lawrence helped develop a mining business for Leighton Asia by supporting pre-contracts studies, such as BFS and desktop mining studies, contract development and negotiations, business development, initial project start up support throughout Asia including Mongolia, Philippines, China, Indonesia, Russia and also Canada. Julien project managed the development of the Khushuut Coal Project in Western Mongolia from technical studies through to first production.

Prior to joining Leighton, Julien gained extensive technical, operational and management experience working at Australian projects in the Bowen basin, northwest Queensland, Northern Territory and Western Australia across various commodities.

Julien is a qualified mining engineer holding a Bachelor of Engineering (mining) with first class honors from the University of Queensland

GENERAL MANAGER MINING

Mark Sinton

Mark has a held a number of Management positions at various operations across the world. He has managed the expansion of numerous large scale operations from Greenfields through to production across numerous geographies.

Previous roles include General Manager at Perseus Mining Limited. Perseus is a gold producer, developer and exploration company based in West Africa. Other roles include Project Manager for Noble Group and Leighton Contractors (Asia) Limited.

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