RESEARCH AND DEVELOPMENT TAX INCENTIVE REFUND

• Tellus receives $555,000 Research and Development refund

Tellus Holdings Ltd (Tellus) is pleased to announce that the Company has received a cash refund under the Australian Federal Government’s Research and Development Tax Incentive Program of approximately $555,000.

The Research and Development (R&D) tax incentive is an Australian Government program under which companies receive refunds for 45% of eligible expenditure on R&D.

The R&D refund relates to Tellus activities conducted in the 2014/15 financial year.

“Tellus continues to progress the important research and development aspect of the company’s activities,” said Tellus Managing Director, Duncan van der Merwe.

About Tellus Holdings:

Tellus Holdings Ltd (“Tellus”) is an infrastructure development company in the business of creating economic, social and environmental value from waste, cla and salt resources. This dual revenue model involves mining the commodities kaolin clay and rock salt in thick dry remote beds which creates world’s best practice geological repositories. The voids created by mining are then used to store equipment, archives or waste using a multi barrier system as part of an overall safety case. Tellusplansto permanently isolate hazardous waste using environmentally soundmanagement(ESM)principlesthat protect the environment and human health. Tellus also supports the circular economy using long term storage by placing like-with-like materials for operational safety reasons and to create opportunities for the future recovery of valuable materials. Tellus’ business model mirrorsinternational solutions operating in the UK, Europe and North America. Tellusis developing the proposed Sandy Ridge facility in Western Australia (WA) and the proposed Chandlerfacility in the Northern Territory (NT) which has been awarded Major Project Status by the NTGovernment.

For further information:  Visit: www.tellusholdings.com.au or contact:

Duncan van der Merwe                                           Managing Director                                                              Tel: +61 (0)2 8257 3395

Corporate and Chandler Project:

Jane Munday                                                            Michels Warren Munday (Media)                                    Mob: +61 (0)427 880 083

Sandy Ridge Project:
Cameron Morse                                                       FTI Consulting (Media)                                                      Tel: +61 (0)8 9485 8888