Fortbridge Media Release

Hodges Resources [ASX: HDG] - Hodges builds coal portfolio with option to acquire near term US metallurgical assets

Hodges Resources Limited (ASX: HDG) has entered into a binding heads of agreement to acquire a 100% interest in the vendor�s leases, options over leases and associated infrastructure, within Knox County, Kentucky USA, collectively known as the �Knox Project�.

Highlights:
� Option to Acquire 100% Interest in Specialty Metallurgical Coal Assets in Kentucky, USA.
� Short term development option - approvals granted, ready to mine.
� Premium prices demanded for this highly sort after metallurgical coal.
� Major strategic initiative providing near term metallurgical exposure to complement the company�s other coal project development.
� Exploration target* of 12-16 million tonnes of hard metallurgical coal.
� Option is subject to legal, technical, financial and environmental due diligence and the completion of a definitive agreement.

The Knox Project currently consists of four permitted mining leases containing the speciality metallurgical coal suitable for surface mining and one currently permitted rail loadout.

Hodges will undertake a detailed technical study on the optimization of the mining and mine development during the 90 day due diligence period.

Hodges Managing Director Mark Major said �The Company is delighted to have the opportunity to acquire an option over such a high valued commodity in a developed economy with established infrastructure�.

Please see the attached announcement for more details.

For further information, please contact:

Mark Major
Managing Director
Telephone: (+618) 9322 6412
Email:

MEDIA & INVESTOR RELATIONS ENQUIRIES:

Fortbridge Consulting: + 612 9003 0477

Fortbridge / Sydney
Bill Kemmery
Mobile: +61 400 122 449
Email:

James Conrathe
Mobile: +61 477 991 777
Email:
Skype name: JConrathe

Fortbridge / Hong Kong
Christine Wootliff
Mobile: +852 908 723 27
Email:

Fortbridge / Singapore
Pierre Mas
Mobile: +65 9817 1017
Email:

Fortbridge / 中国市场及中文咨询
Isabella Kou
手机：+61 425 567 931
邮件：

Fortbridge / London
Matt Beale
Mobile: +44 (0) 7966 389 196
Email:

Fortbridge / Фортбридж
Marina Trusa
Телефон: +61 404 330 634
E-mail:

Fortbridge / New York
Luke Dean
Mobile: +1 310 210 7696
Email:

Fortbridge / Toronto
Rodney Ireland
Mobile: +1 647 704 9054
Email: