Leaf Resources Signs Joint Venture to Develop Five Projects

20th July 2016, ASX Announcement

Highlights

• Leaf Resources Ltd enters into binding agreemnts with Claeris, LLC of Dallas, Texas USAto establish a joint venture entity, Leaf Development, LLC
• Leaf Development, LLC was formed to develop up to five renewable chemical projects utilising Leaf Resources’ proprietary Glycell™ process
• Claeris has a proven track record of developing large-scale, financially successful renewable projects
• Claeris will invest USD$500,00 in Leaf Resources
• The Directors of Leaf Resources believe that the agreement with Claeris will:
  – Lower transaction execution risk given Claeris’ strong track record of sourcing funding, and building large-scale commercial renewable projects;
  – Accelerate the speed of project development;
  – Facilitate more favourable commercial terms for projects;
  – Increase the field of opportunity for the deployment of Leaf Resources’ technology.

Leaf Resources Ltd (ASX: LER, “Leaf” or “Leaf Resources”) is pleased to announce the signing of binding legal agreements with US-based project developer  Claeris, LLC (“Claeris”), to establish a joint venture (JV) entity, Leaf Development, LLC (“Leaf Development”), for the purpose of developing up to five renewable chemical projects that utilise Leaf Resources’ proprietary Glycell™ process.

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