Introducing KRL

Kangaroo Resources Limited is a resources company listed on the Australian Securities Exchange (ASX: KRL), with offices in Perth, Australia and in Jakarta, Indonesia. The Company has assets in both Australia and Indonesia and has recently moved into production in two projects.
KRL’s Board continues to focus on identifying and positioning the Company to take advantage of multi-commodity project opportunities. The Board’s strategy will be to continue to target opportunities to take advantage of world commodity prices and the world economic climate. In this regard KRL will leverage off its strong relationships in Indonesia in particular, to continue to add coal and other projects into the Company over time, whilst moving into operations as quickly as possible on the assets already within its portfolio.

History of KRL

KRL listed on the Australian Stock Exchange in April 2007 as a mining and exploration company. The Company focussed on both base and precious metals exploration and the 17 tenements held by Kangaroo Resources in Australia have a combined land area of 2,955 km2 in the historically mineral rich and polymetallic regions of north Queensland.
In 2008 Kangaroo Resources (then trading as Kangaroo Metals Limited) went into administration due to cash flow difficulties associated with the underlying global financial crisis.
In early 2009 KRL was recapitalized with a new Board of Directors. The strong links this Board had to significant Indonesian partners gave rise to opportunities in that region and the Company refocused on exploring and leveraging off these relationships. The Company was renamed Kangaroo Resources Limited in August 2009 and at the same time brought in several exciting coal projects.
KRL still maintains its ownership of the original Australian assets, and plans to enhance value within these for its shareholders over time.

Bayan Resources

PT. Bayan Resources Tbk is a leading Indonesian-focused coal producer which is listed on the Indonesian Stock Exchange. Bayan produced approximately 11.8 million tonnes of coal in 2010 from six projects, making it one of Indonesia's largest coal producers. In addition, Bayan owns the Balikpapan Coal Terminal, one of Indonesia's largest coal terminals, as well as an innovative floating transfer station. Bayan is also the joint venture partner with White Energy in a coal beneficiation plant in East Kalimantan.

Bayan is committed to expanding its overall coal production and its association with Kangaroo as major shareholder, operating and off-take partner will assist in this regard. Bayan has the necessary resources, experience and expertise to help Kangaroo drive forward its Indonesian coal strategy.

Both Kangaroo and Bayan see many synergies in their two operating coal businesses in Indonesia and are seeking to take advantage of these as well as realise all available economies of scale.
Bayan Resources is an Indonesian-listed coal mining and processing company with a market capitalisation of US$7 billion (January 2011); it is

• an integrated mining, processing, logistics and sales operations;
• a dominant player in Indonesian coal market with total resources of +1 billion tonnes and reserves of ~500Mt spanning eight mining concessions – coking and thermal coal;
• aiming to significantly grow its production through its alliance with KRL:

°   potential to add substantial value to KRL's existing projects by     realising synergies, economies of scale, technology, experience     and expertise;
°   ability to rapidly escalate production from KRL's existing coal     portfolio

Peter Richards

NON-EXECUTIVE CHAIRMAN

Mr Richards is an internationally experienced business executive with a proven track record in the mining industry. His roles have included more than 30 years’ experience with companies such as British Petroleum (including its mining arm Seltrust Holdings), Wesfarmers, and Dyno Nobel. He has a unique understanding of the global resources and mining services industries.
Mr Richards has managed and supported complex financial and corporate activities, with significant exposure to the investment, broking and analyst community. He has international experience with a diversity of cultures and has started new businesses in a range of locations, including Indonesia, South Africa and Turkey.
Mr Richards was most recently CEO of the ASX-listed Dyno Nobel Limited for 2.5 years. Prior to this he was based in Salt Lake City, USA, where he was the President of Dyno Nobel North America. Following the takeover of Dyno Nobel in 2008, Peter became a Non-Executive Director of Bradken Limited. He is also a Non-Executive Director of NSL Consolidated Limited.

Mark O’Keeffe

MANAGING DIRECTOR

Mark has been a successful businessman in the Perth community for the past 18 years and in recent years has become actively involved in the minerals industry. He has provided his services in various corporate capacities, including his direct involvement in a number of private and public company capital raisings.
Mark’s previous business interests have encompassed several established enterprises in the retail and service industries, as well as a range of real estate investments which have seen him develop a wide network of business associates.
Marks extensive corporate experience and networks in combination with his entrepreneurial skills will contribute significantly to the Company’s strategic move into the Indonesian coal sector.

Trevor Butcher

NON-EXECUTIVE DIRECTOR

Trevor is an Indonesian-based professional who has spent more than five years working in the Indonesian mining industry. This vital industry knowledge, along with his significant Indonesian business networks and strong relationships with local partners, puts him in a strong position to guide KRL through the next phases of development.
The advantages of being based in Jakarta, as well as Trevor's ability to speak the language and understand the local culture and customs is a tremendous asset to KRL in its strategic move into the Indonesian coal industry.
Before moving to Indonesia, Trevor worked in both the food industry and the electrical manufacturing industry in New South Wales. A depth of business knowledge gained in general industry and the mining industry in particular stands Trevor in good stead to drive KRL's new direction.

Darcy Wentworth

DIRECTOR

MSc (Mining), MAusIMM is an experienced Australian-based mining executive with over 40 years of international experience managing various coal operations around the world, with specific focus and expertise in coal mining and Indonesia.

Mr Wentworth was previously the Operations Manager for Bayan's large Gunungbayan coal operation in East Kalimantan for over 10 years until 2009.

Alastair McLeod

DIRECTOR

CA is an Indonesian-based mining executive with over 20 years experience in senior finance, accounting and management roles and over 10 years directly relating to the Indonesian resource market.

Mr McLeod is currently Chief Financial Officer and a Director of Bayan Resources.

Russell Neil

DIRECTOR

FCPA CFA is an Indonesian-based mining executive with approximately twenty years of corporate experience in accounting, finance and management roles within the mining industries of Australia and Indonesia. He is currently Chief Development Officer and a Director of Bayan Resources.

David Low Yi Ngo

DIRECTOR

BSc (Mechanical Engineering and Production) is presently acting Marketing Director for Bayan Resources. Mr Low has held various senior management roles within Indonesia and Asia over the past five years.

Jerko Zuvela

TECHNICAL & CORPORATE CONSULTANT

Mr Zuvela joined KRL as the Company’s Chief Geologist with a mandate to manage, explore and develop all of KRL’s projects. He has 14 years resources experience in Australia and internationally, and has been directly involved in the Indonesian coal sector during the past 4 years, during which time he has worked for Strike Resources as General Manager – Operations, and Fireside Resources as Chief Geologist.
Mr Zuvela is a member of the Australasian Institute of Mining and Metallurgy and holds a Bachelor of Science in Applied Geology from Curtin University of Technology in Western Australia.

Sean Henbury

COMPANY SECRETARY

Mr Henbury (CA, FITA) is a Chartered Accountant with over 13 years experience in public practice with three of Perth’s major accounting firms. He was a founding director of the accounting firm FJH Solutions Pty Ltd, where he continues to provide client support across a wide range of industries including mining, exploration, research and development, construction and manufacturing.
Mr Henbury is company secretary for a number of companies, and is currently a director of Cape Range Wireless Limited (ASX: CGU).