Chile, Peru:

Update on Hot Rock Limited / EDC Joint Ventures in Chile and Peru (News Release - Hot Rock Limited)

Hot Rock Limited (HRL) of Brisbane, Australia, advises that it has received notification from Energy Development Corporation (EDC) that EDC will not be proceeding with the Joint Venture at the HRL’s Calerias Project in Chile.

HRL and EDC are in the process of finalising Shareholder Agreements in respect of three other Joint Ventures (as previously announced to the market on the 3 February 2012) to explore, evaluate and develop the geothermal energy potential of the Longavi project in Chile and the Quellaapacheta and Chocopata projects in Peru.

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