28 August 2012

REVISED INVESTOR PRESENTATION

Xceed Resources Limited (ASX: XCD) advises that it has amended its investor presentation to exclude references made to share price targets published in broker reports.

The revised investor presentation is attached.

Yours faithfully

Xceed Resources Limited

Fiona Taylor Company Secretary

Chairman: Patrick O’Connor

Managing Director: Ian Culbert

Finance Director: Stephen Belben

Company Secretary: Fiona Taylor

Registered Office

Level 9, 105 St Georges Terrace

Perth WA 6000

Postal: GPO Box 2575

Perth WA 6001

T: +61 (8) 9226 0326

F +61 (8) 9226 0327

South Africa

4/B Midland Office Park

Middelburg, Mpumalanga 1050

T: +27 (13) 243 7032

F: +27 (13) 243 7031

ABN: 79 009 181 006

www.xceedresources.com.au

Xceed Resources Limited is an

Australian based public

company engaged in the

acquisition of mineral projects in

Southern Africa. The company’s

primary focus is the

development of coal projects

located within South Africa’s

premier coal fields, which are

supported by established

infrastructure and are readily

capable of reaching their

markets.

The company’s first project is

the Moabsvelden thermal coal

project situated in the Witbank

coal field. Subject to regulatory

approval, Moabsvelden is

expected to have a mine life in

excess of 14 years with the

potential to produce export

quality as well as domestic

quality thermal coal from an

open-cast, low strip mine.

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Building a multi-project African Mining Company

Investor Presentation – September 2012 www.xceedresources.com.au

ASX: XCD

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Disclaimer & Attribution

This document has been prepared by Xceed Resources Limited (“XCD”) in connection with providing an overview to interested ana lysts and investors.

The presentation is being provided for the sole purpose of providing background information to enable recipients to review the business activities of XCD.

This presentation is thus by its nature limited in scope and is not intended to provide all available information regarding XCD. This presentation is not

intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any shares. This presentation should not be relied

upon as a representation of any matter that a potential investor should consider in evaluating XCD. Prospective investors should make their own

independent evaluation of an investment in XCD.

Any statements, estimates, forecasts or projections with respect to the future performance of XCD contained in this presentation are based on

assumptions made by XCD’s management and about circumstances and events that have not yet taken place. Such statements, estimates, forecasts or

projections involve significant elements of subjective judgement and analysis which, whilst reasonably formulated, cannot be guaranteed to occur.

Accordingly no representations are made by XCD or its directors, officers, agents, advisers or employees as to the accuracy of such information; such

statements, estimates, forecasts or projections should not be relied upon as indicative of future value or as a guarantee of value or future results; and

there can be no assurance that the projected results will be achieved. XCD accepts no obligation to correct or update anything in this presentation.

The Coal Resources and Reserve estimate for the Moabsvelden thermal coal project is based on Coal Resource estimates compiled by Mr Kobus

Dippenaar, Pr.Sci.Nat, B.Sc Hons (Geology), GSSA, who is a senior coal geologist at Gemecs (Pty) Ltd who have consulted to the Company. Mr

Dippenaar is a member in good standing of the South African Council for Natural Scientific Professions (SACNASP No. 4090079/94) as well as a

member of the Geological Society of South Africa. Both organisations are Recognised Overseas Professional Organisations. Mr Dippenaar has sufficient

experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as

a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration, Mineral Resources and Ore Reserves’. Mr

Dippenaar consents to the inclusion in the ASX release of the matters based on his information in the form and context in which it appears.

The Coal Reserve estimate was prepared by Mr Van Reenen Jewaskiewitz, who is a registered Professional Mining Engineer with the Engineering

Council of South Africa (ECSA) (a Recognised Overseas Professional Organisation) and has a Mine Managers Certificate of competency for coal mines.

He has more than 25 years’ experience in the South African coal and minerals industries. Mr Jewaskiewitz is a full time employee of Xceed Resources

Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he

is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exp loration, Mineral Resources

and Ore Reserves’. Mr Jewaskiewitz consents to the inclusion in the ASX release of the matters based on his information in the form and context in

which it appears.

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Overview

Production Planned for 2013

Moabsvelden Project in advanced stages of securing development financing

There are no infrastructure constraints to development with all production to be sold at the mine gate

Project expected to deliver $20m net operating cashflow per year for 15 years

Cornerstone investment by new BEE partner materially reduces dilution to shareholders

Restructuring of BEE interests at a project level is significantly beneficial to shareholders

New BEE partner brings own balance sheet, as well as strategic relationships for new and existing projects

Pipeline of New Projects

Management to drive shareholder value through the acquisition of new projects

Maiden resources established on two new projects

Significant Value Proposition to Investors

Moabsvelden Project’s Feasibility Study ungeared post-tax NPV of A$92mil

Current Market Capitalisation of A$10mil with A$7mil Cash at Bank

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Corporate Snapshot

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Capital Structure and Financials

^Last traded at 7.0 cents on the 27th of August 2012. Source ASX.

Board & Management

Patrick O’Connor (Non-Executive Chairman) Deputy Chairman of Perilya Limited, formerly MD of Macraes Mining and CEO of Oceana Gold

Limited.

Ian Culbert (Managing Director) Former MD of Tritton Resources Limited and Lafayette Mining Limited, Ian has 20 years experience in the

resources industry.

Stephen Belben (Finance Director) Former national partner of Ernst & Young’s Mineral & Energy Industry Group, Stephen has 25 years of

experience in the resources industry operating in Africa and Asia. He was formerly the Finance Director of Auridiam Limited.

Boetie Jewaskiewitz (In-Country General Manager) Boetie is a mining engineer with over 20 years experience in the South African coal sector.

Formerly, Mine Manager Zululand Anthracite Colliery.

#

Ordinary Shares on Issue 115,500,435 Market Capitalisation^ $9,835,030

Performance Shares on Issue 25,000,000 Debt $0

Options on Issue 0 Cash $7,048,000

Total Securities on Issue 140,500,435

Cash Backing per share $0.050

Shareholder Distribution Last traded^ $0.070

Top 20 Shareholders 60%

Board & Management 31%

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Project and Strategy Overview

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Current Projects & Strategy

Project Name Location Owership Stage Comments

Moabsvelden South Africa

70% Pre-

Production Company starter project, to begin production in 2013

Roodepoort South Africa

15% - 70% Exploration Existing resource, with remaining exploration potential

Bankfontein South Africa

15% - 70% Exploration 35km from Richards Bay coal line, a well established area

• Bringing Moabsvelden into production in 2013 is a priority for the Company and the project is on track to meet this

target,

• The Directors believe that bringing Moabsvelden into production presents the best outcome for the Company and

its shareholders,

• The Roodepoort and Bankfontein projects represent add-on exploration opportunities not requiring significant

capital or management time,

• The substantial cashflow and establishment of an operational team at Moabsvelden will be the platform to acquire

and develop larger, longer term projects

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Project and Strategy Overview

Growth by Acquisition

• The Company will develop a pipeline of new projects to underwrite its growth as an ASX listed mining company,

• Management have been continuously assessing new acquisition opportunities with the objective of enhancing the

Company’s current portfolio of projects; these projects must be either advanced in terms of permitting and resource

definition or have the potential to develop into large, long lead time operations

• The Company’s new cornerstone BEE partner, Thebe Investment Corporation significantly adds to our in-country

presence and boosts the chances of us finding the right acquisition

• Thebe will be represented on the boards of Xceed and the Moabsvelden operating company and Xceed will be their

largest resource investment to date. For

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Strategic Cornerstone: Thebe Investment

Corporation

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For more Information, visit www.thebe.co.za

Thebe Investment Corporation is a Level 1 Broad-Based Black Economic Empowerment (“BBBEE”) contributor.

Thebe manages in excess of R5.5bn, with a specific capital allocation dedicated to investing in green fields exploration

and pre-production natural resources projects.

Thebe is a 51.7% owned subsidiary of the Batho Batho Trust; a trust established by Nelson Mandela, Walter Sisulu and

Beyers Naudé amongst other notables.

Strategic Advantages to Xceed Resources Limited

• Enhanced working relationships with regulators and ESKOM,

• Enhanced project sponsor status leading to reduced cost of capital via

competitive debt financing and greater leverage,

• Introduction to new projects.

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Strategic Cornerstone: Thebe Investment

Corporation

• Thebe proposes to invest $7.75mil directly into Neosho

to secure a 30% stake in the Moabsvelden Project,

• Neosho proposes to buy back shares from the existing

BEE partners,

• This transaction values Moabsvelden at $25.8mil at its

current stage, XCD shareholders will own the remaining

70% ($18mil)

• By re-structuring the BEE interest XCD’s

Management have substantially reduced dilution to

its shareholders

• In addition, Thebe proposes to invest directly into

ordinary XCD shares if and when required.

100% Ownership

70% Ownership

30% Ownership

Xceed Resources Limited

(ASX Listed)

Neosho

Trading

86 Pty Ltd

Thebe Investment

Corporation

Moabsvelden Project

Consideration

$7.75mil to be injected by

Thebe to become a 30%

shareholder

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Cornerstone Project: Moabsvelden

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Project Snapshot (Bankable Feasibility Study Results)

JORC Resource: 66.1 mt

JORC Reserve: 43.8 mt

Annual ROM Production: 3 mt

Estimated CAPEX: $33mil

Annual Forecast Sales: $73mil

Annual Forecast OPEX: $40mil

Annual Forecast Cash flow: $20mil

Project NPV: $92mil

The Moabsvelden project is a 100% open cast project with an

average strip ratio of less than 2:1 and a combined 18m coal

seam. The project is located in the Witbank coal fields of South

Africa; 80kms east from Johannesburg.

The project is forecast to produce 666,000 tonnes export quality

product (26Mj) and 890,000 tonnes of domestic product (20Mj)

per annum for over 15 years.

The Company has received written advice from buyers

confirming demand for these export quality volumes at the mine

gate, for the prices modeled in the feasibility study. Eskom

ordinarily buys at the mine gate. Moabsvelden, with Kendal power station in

the background

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Moabsvelden: Development Schedule

EVENT CY2012 CY2013

03 12 06 12 09 12 12 12 03 13 06 13 09 13 12 13

Permitting (all applications lodged)

Off-take arrangements

Contractor arrangements

Financing - equity

Financing - debt

Fabrication / Construction

Site works / plant construction

Commissioning

Notes:

I. Permitting is assumed to take 16-17 months from time of lodging MR application

II. Off-take discussions i.r.o. export quality product will be concluded when permitting finalised, Eskom will take longer

Timetable is indicative only and dependent upon a number of factors including receipt of all required mining permits

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Summary

Substantial value exists in XCD on its current projects

Moabsvelden Project NPV of $92mil vs. a Market Cap. of $9.8mil,

Thebe cash transaction prices XCD share of Moabsvelden at $18.1m

Forecast free cash flow of +$20mil p.a. at production; Production to begin mid 2013,

Management are actively pursuing the acquisition of new projects

With the aim of significantly driving shareholder value, management are assessing

new acquisitions,

Our in-country presence has been very substantially enhanced with Thebe’s

involvement,

Experienced and Effective Management Team

Recently demonstrated managements’ capacity to protect shareholder interests by

restructuring BEE interest to minimize dilution to XCD shareholders

Everyone on the Xceed board has hands on experience of developing new mines.

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Contact Us

Josh Puckridge

Equity Capital Markets Advisor to the Company

jrp@xceedresources.com.au

Tel: (08) 9226 0329

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Ian Culbert

Managing Director

iec@xceedresources.com.au

Tel: (08) 9226 0329

Please feel free to contact either of our representatives below with regards to:

• Investing in Xceed Resources Limited

• Business Development Opportunities for the company

• Receiving more information on the company (including broker reports)

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