DEVELOPING A SUCCESSFUL MINING HOUSE

Riversdale Mining Limited is a mining company listed on the Australian Stock Exchange under the ASX code RIV and included on the Standard & Poor’s ASX 200 Index. The Company intends to develop as a diversified mining house, focused on growth through investment in suitable mining opportunities. It is the company’s intention to assemble a portfolio of suitable assets through rapid growth for the benefit of all our shareholders, and emerge as a diversified mid-tier mining house with excellent returns on shareholder funds, a strong orientation to growth, and a pipeline of projects.

BENGA COAL PROJECT - MOZAMBIQUE

The Zambeze Project, adjacent to the Benga Coal Project, a Coal Resource of 9 billion tonnes has been indentified. The Zambeze Project is similar in structure to Benga will 22 coal seams outcropping over strike length of 14 kilomentres across the northern portion of the tenement. In June 2010 Riversdale signed a non-bonding Memorandum of Understanding (MoU) with Wuhan Iron and Steel (Group) Corporation (WISCO) and a logistics partnership agreement with the China Communications Construction Company (CCCC) for the development of the Zambeze Project. The MoU provides for the acquisition by WISCO of 40% of the Zambeze Project for a total consideration of US$800 million to be paid in three tranches and subject to achievement of certain milestones. Completion of the transation is scheduled for October 2010 and will value the Zambeze Project at US$2.0 billion.

ZULULAND ANTHRACITE COLLIERY (ZAC) - SOUTH AFRICA

ZAC us an operating undergound anthracite mine located in the Zululand coalfield of northern Kwa-Zulu Natal, South Africa. The run of mine (ROM) coal production was 753,433 tonnes for the year ended 30 June 2010 (2009: 809,259 tonnes), resulting in saleable production of prime low ash of 493,433 tonnes and middlings of 151,536 tonnes. Product sales for the year ended 30 June 2010 was 853,089 tonnes (2009: 562,796 tonnes). At the 30 June 2009 year end ZAC had Coal Resources of over 40.1 million tonnes of coal in situ and the mine life of over 13 years at current production levels.