ASENJO ENERGY ANNOUNCES POWER PROJECT IN RESPECT OF THE LECHANA PROJECT

Gaborone, 17 AUGUST 2010 - Asenjo Energy, comprising the joint venture between Aquila Resources, Jonah Capital and Sentula Mining, is pleased to announce that it has submitted a proposal to the appropriate authorities, the Mmamabula Coordinating Unit (MCU) in Botswana for the development of a mine/power station complex at Lechana.

This project consists of a complex capable of supplying 20MW to 50MW in a reasonably short time frame. The project is located some 12km west of the A1 highway in close proximity to the town of Serowe and some 47km NW of Palapye.

It is envisaged the construction phase for this project will be approximately 24 months, with an additional period of approximately 12 months for completion of the appropriate EIA and financing arrangements.

• Approximately 1.7 billion tons of (including export quality) coal has been identified at Lechana and Tshimoyapula.
  
  
• Two main coal seam horizons defined, one suitable for high quality thermal coal (similar to Morupule Colliery) and the other suitable for high quality thermal coal for consumption in a fluidised/circulating bed type boiler consequent upon the sulphur content.
  
  
• A suitable sorbent for this process is available on site.
  
  
• The area is known to contain large resources of groundwater as well as two large seasonal rivers (from historical drilling).
  
  
• The Project is located in close proximity to Morupule Colliery.
  
  
• A potential opencast block has been identified at Lechana, containing the Taukome Bright seam at relatively shallow depths for quick exploitation.
  
  
• The Morupule Main seam is also suitable for the production coal to be used in a domestic power plant.
  
  
• The project tenements are located within 30km of a 220 KVa transmission line and 12km from the A1 motorway and existing rail line.

Further information can be obtained by contacting the Chief Operating Officer, Mr. Malcolm Campbell by phone at +267 316 1066 or alternatively by email at malcolm.campbell@asenjoenergy.com

Asenjo Energy's Botswana Coal Projects

Aquila Resources Limited is a West Australian based mining company focusing on the bulk commodities utilised by the steel industry, being predominantly coal and iron ore. Aquila's geographical focus is Australia and Southern Africa, and it has offices in Perth, Brisbane and South Africa. Aquila is listed on the Australian Securities Exchange (stock code AQA).

Sentula Mining Limited is a leading African mining services entity listed on the Johannesburg Stock Exchange (stock code SNU). The company contracts its opencast mining and exploration drilling services to many "blue chip" clients across the continent and recently entered the coal operations arena, through its acquired shareholding in Nkomati Anthracite and development of Indongo in Zambia.

Jonah Capital Limited is a private, pan-African investment company focusing on the mining, mineral beneficiation and mining services sectors. Jonah Capital is chaired by Sir Sam Jonah, KBE OSG, one of Africa's most prominent businessmen with a long and successful business track record and highly influential network. Jonah Capital embodies an entrepreneurial, opportunistic culture and seeks to create value through innovative investments in opportunities with exceptional growth prospects. Jonah Capital has a strong and experienced management team and a board of directors made up of prominent senior figures with experience and knowledge of Africa.

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