CDE

Further to our previously announced execution of an Exclusivity Agreement
related to the coal mining and marketing rights for the KEM Project in Central
Kalimantan, Indonesia (February 4, 2013), Challenger Deep Resources Corp.
("Challenger" or the "Company") (TSX VENTURE:CDE) is pleased to announce that,
through its wholly owned subsidiary, PT Bestindo Energy ("BE"), it has signed
the formal exclusive Mining and Marketing agreement for life of mine of the KEM
Project. This agreement replaces previously the announced Exclusivity Agreement.


Challenger's due diligence field work on the KEM Project has confirmed the
presence of at least 13 coal seams dipping at 12-35 degrees to the North. The
seams are developed within the Warukin formation and structurally form part of a
gently North plunging synform. The overall dip and geometry of the seams confirm
the availability of low strip ratio coal.


Test pitting and outcrop sampling have confirmed coal quality ranging from GAR
5,860 to 6,560. Seams targeted for mining vary in width from 0.5m to 3.5m.
Sample analysis summarized below:




----------------------------------------------------------------------------
    Outcrop                                                                 
    or                                                     GCV    GCV       
    ROM                                                 (Kcal/ (Kcal/       
No. Coal          TM     IM    Ash     VM     FC     TS    Kg)    Kg)    HGI
             --------------------------------------------------------       
                  %,     %,     %,     %,     %,     %,                     
                  AR    ADB    ADB    ADB    ADB    ADB    ADB    GAR       
----------------------------------------------------------------------------
1   Test pit   13.12   9.55   2.68  40.01  47.76   0.46  6,600  6,340     48
----------------------------------------------------------------------------
2   Test pit   16.61  12.33   4.22  40.70  42.75   0.47  6,168  5,867     43
----------------------------------------------------------------------------
3   Outcrop     8.98   6.42   6.38  46.37  40.83   1.75  6,744  6,560       
----------------------------------------------------------------------------
4   Outcrop    17.50   9.43   2.10  54.96  33.51   0.31  6,908  6,292     57
----------------------------------------------------------------------------
5   Outcrop    14.95  10.85   6.31  37.82  45.02   0.50  6,139  5,857       
----------------------------------------------------------------------------
6   Outcrop    16.80  12.38   2.30  39.59  45.73   0.39  6,301  5,983       
----------------------------------------------------------------------------
    Average    14.66  10.16   4.00  43.24  42.60   0.65  6,477  6,255  49.33
----------------------------------------------------------------------------



A mining and geological team is currently on site to establish a mining plan for
production which is scheduled to commence in the last quarter of 2013. 


Ranjeet Sundher, President of Challenger commented, "The Barito Project is the
ideal production scenario for Challenger. With the mining licenses and
infrastructure in place, coupled with the high quality of coal, we can build a
cash-flow company that is sustainable and scaleable."


All outcrop and test pit samples were processed by SGS Coal Laboratories,
Samarinda, East Kalimantan. Industry standard Quality Control and Quality
Assurance protocols were employed in the sample acquisition, preparation and
analysis procedures.


The Qualified Person (as defined by NI 43-101) responsible for the review,
verification and approval of the technical material presented in this news
release is Mr. Andre Talaska, a director of PT Bestindo Energy, a wholly owned
subsidiary of Challenger. 


About Challenger

Challenger Deep Resources Corp. is an exploration company focused on the Asian
coal industry. Challenger's business plan is to acquire, explore and to bring
its viable coal projects into production. Challenger has an experienced
Indonesian exploration and mining team with offices in Calgary, Singapore and
Jakarta.


CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. 


READER ADVISORY 

Statements in this press release may contain forward-looking information
including, statements regarding exploration and production and marketing
activities. Any statements that are contained in this press release that are not
statements of historical fact may be deemed to be forward-looking statements.
The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted, as a result
of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Challenger. Factors that could cause the actual
results to differ materially from those in forward-looking statements include,
granting of exploration and mining permits, surface access and other licenses
from Indonesian regulatory authorities, exploration results, the continued
availability of capital and financing, and general economic, market or business
conditions in North America and in the Asia Pacific region. The reader is
cautioned not to place undue reliance on any forward-looking information. There
can be no assurance that the proposed exploration and development programs in
Indonesia or other project acquisitions will be completed or, if completed, will
be successful or that coal production and sale will be achieved. Readers are
cautioned that there has been insufficient exploration to define a mineral
resource on the KEM Project and that it is uncertain when or if the KEM Project
will be put into production.


The forward-looking statements contained in this press release are made as of
the date of this press release, and Challenger does not undertake any obligation
to update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by securities law.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Challenger Deep Resources Corp.
Ranjeet Sundher
President
+65-6220-7745


Challenger Deep Resources Corp.
Kirk Gamley
Investor Relations
604-689-7422


Challenger Deep Resources Corp.
Mas Kobuchi
Investor Relations
604-689-7422
www.challengerdeep.ca

Challenger Deep Resources Corp. (TSXV:CDE)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Challenger Deep Resources Corp. (TSXV:CDE)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024