Announcement

Monday, April 30, 2012

New Age Exploration commence La Miel Phase 1 drilling

New Age Exploration Limited announced that it has commenced its Phase1 Drilling Program at theLa Miel thermal coal project locatedintheCesar Basin, northern Colombia.

Highlights

1. Drilling contract recently signed with local Colombian drilling contractor LTGeoperforacionesYMineríaLtda for 3 open holeboreholesalongwithwirelinegeophysicallogging.

2. Drilling rig and support equipment being mobilized to LaMiel.

Estimated schedule for drilling completion is:
1st borehole(LM2) Mid June2012* 2nd borehole(LM3) End July 2012* 3rd borehole(LM1) EarlySeptember2012*

Based on seismic interpretation, the La Miel Project has a Conceptual ExplorationTarget of 50.

Source - New Age Exploration

(www.steelguru.com)

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