INVESTOR UPDATE PRESENTATION

ANNOUNCEMENT 21 MARCH 2011

Coretrack Limited is pleased to release its latest Investor Update Presentation.

AUTHORISED BY:

Shannon Coates Company Secretary Coretrack Limited is an ASX listed company that provides technical solutions to the energy industry in the form of down hole tools, products and services. Since the company’s conception, Coretrack has focused primarily on building its highly anticipated integrated core tracking tool, the Core Level Recorder System (CLRS), and introducing the tool into the commercial market. The company has accelerated its operations and growth plan by acquiring one of Australia’s leading drill rig manufacturing/drilling services companies, Globe Drill Pty Ltd. The Globe Drill acquisition has brought together two world class companies, both at the forefront of producing superior products and services for the global energy sector.

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DISCLAIMER

The information contained in this presentation is current as at 20 March 2011 and is provided by Coretrack Limited (ABN 80 112 379 503) (“Coretrack”) as a summary document for information purposes only.

Any forward looking statements included in this presentation involve subjective judgment and analysis and are subject to uncertainties risks and contingencies, many of which are outside the control of and may be unknown to Coretrack at the time of preparing this presentation.

Actual future events may vary materially from the forward looking statements and the assumptions on which these statements are based. Recipients of this information are cautioned not to place undue reliance on such forward looking statements.

The information contained in this presentation is provided in good faith, however, Coretrack makes no representation or warranty as to the accuracy, reliability or completeness of the information. To the extent permitted by law, Coretrack and its officers, employees, related bodies corporate and agents, disclaim all liability, whether direct, indirect or consequential, and whether or not arising out of the negligence, default or lack of care of Coretrack and/or any of its agents, for any loss or damage suffered by a recipient or any other persons, arising out of or in connection with any use or reliance on this presentation or information.F

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CONTENTS

COMPANY OVERVIEW 4 - 7

THE GT3000 DEEP HOLE DRILL RIG

• COMPETITIVE ADVANTAGES

• STATUS

• MARKET - FACTS & FIGURES

• CONCLUSIONS

8 - 11

12

13 - 16

17

CLRS – CORE LEVEL RECORDER SYSTEM 18 – 23

CKK - FUTURE OUTLOOK & CONCLUSION 24 - 25

INDEX

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COMPANY OVERVIEW

CORETRACK LIMITED• ASX Listing: 31 August 2006• Technology: Core Level Recorder System (CLRS)• Target Market: Oil & gas industry

GLOBE DRILL PTY LTD• Established: 2005

• Acquired by Coretrack: 2010

• Technology: GT3000, deep hole drilling rig

• Target Market: Energy drilling (including oil & gas and geothermal)

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THE BOARD & EXECUTIVEMR MATT BIRNEY(Non-Executive Chairman)• Former Leader of the Opposition (Western Australian Parliament)

• Previously the Non-Executive Chairman of publicly listed carbon credit supplier, Carbon Conscious Ltd

• Private business interests

MR NANNE VAN ‘T RIET(Chief Executive Officer)• Extensive commercial and legal background in the oil and gas industry (Royal Dutch Shell Group, Qatar Petroleum)

MR TREVOR BEAZLEY(Non-Executive Director)• Extensive public company director experience• Broking background and founder of Maiden Capital

MR WARREN STRANGE(Non-Executive Director)• Consultant to Globe Drill on the design, construction, manufacturing and drilling operations of the GT3000 series

• 34 years of successful experience in the drilling industry

• Developed GT3000 Technology

MR WINTON WILLESEE(Non-Executive Director)• Experienced director and company secretary in the small capitalisation sector of the ASX

• Experience in company administration, corporate governance and corporate finance

COMPANY OVERVIEWF

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CKK - Daily Line Chart (Close) CKK - Daily Line Chart (Close)

Coretrack Share Price (Last 3 Months)

COMPANY OVERVIEW

CORETRACK LIMITED 18 MARCH 2011

Stock Exchange Code (AUS): CKK

Stock Exchange Code (Frankfurt, Germany): KXT

Date Listed: 31 August 2006

Listed Shares: 151,371,656

Listed Options: 22,833,553

Unlisted Options: 17,450,000

Convertible Notes: 66

Current Share Price: $0.195

12 Month Low: $0.145

12 Month High: $0.310

SHAREHOLDER INFORMATION

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THE GT3000 DEEP HOLE DRILL RIG

A REVOLUTION FOR THE ENERGY INDUSTRY

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GT3000 COMPETITIVE ADVANTAGES

GT3000 CORE FEATURES

Manufactured in 2010 after 5 years of R&D (approximate $20M invested)Designed to drill large holes up to 3,500m 7- 10 inches in diameter at bottom (Starting diameter of 26 inches)Small, compact, very powerful and track mounted – highly maneuverable and inexpensive to mobiliseCan be used in oil, gas, geothermal, mineral, coal seam methane, shale gas and water bore drilling (some require minimal modifications)

DEEP HOLE DRILL RIG

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GT3000 COMPETITIVE ADVANTAGES

GT3000 CORE FEATURES

Ability to drill using both air hammer and mud rotary

17th Rig built by Globe Drill (1st Geo-Thermal)

Also designed to drill angled wells up to 60 degrees

30,000 Nm of rotational torque

Market leader in mountainous or volcanic regions - mounted on tracks & can access difficult locations.

DEEP HOLE DRILL RIG

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GT3000 COMPETITIVE ADVANTAGES

10 STOREY BUILDINGOIL & GAS PLATFORM RIG

57m high

17m high (with mast up)

GT3000

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GT3000 COMPETITIVE ADVANTAGES

Oil & Gas Platform Rig GT3000 Deep Hole Rig Standard RC Mineral Rig

Drilling depth capacity: 5,000m up to 3,500m up to 800m

Drilling rate (hard rock): ~1-3 metres/hour >25 metres/hour >25 metres/hour

Hole size at bottom: >10 inch drill bit 7-10 inch drill bit up to 5 inch drill bit

Pull back capacity (varies per rig): 300 tonne 154 tonne 30 tonne

Rotational torque(varies per rig): >30,000 nm 30,000 nm 8-10,000 nm

Operators required: >20 ~ 5 4

Mobilisation cost: up to $2M within Australia up to $500k within Australia up to $200k within Australia

Rig setup time: ~2-3 weeks 1 day 1 day

Trailer loads: 85 15 6

Drilling method: Mud Rotary Air hammer & Mud Rotary Air hammer

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GT3000 - STATUS

GT3000 DEEP HOLE DRILL RIGCommissioned in hard rock to ~ 1,000m in Merredin, Western Australia (late 2010)

Technical Details:• Drill bit size: 6 1/8”• Rate of Penetration: 20-30m per hour• Shortest bit change interval: 134m• Only using 17% of pullback capacity at 1,000m

1st commercial contract for Woodside Energy Ltd undertaken (December 2010)F

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MARKET INFORMATION

MARKET - Core Facts & Figures (1)Value of Oil & Gas Wells Drilled in Australia JANUARY 2010 - DECEMBER 2010

Source: Data from ABS – Series 8412.0 Mineral and Petroleum Exploration, Australia - TABLE 6a. PETROLEUM EXPLORATION EXPENDITURE

ONSHORE DRILLING

$ Millions

127.5

159.5

175.1

178.4

640.5

OFF SHORE DRILLING

$ Millions

576.9

671.4

552.2

521.1

2321.6

QUARTER

Mar-2010

Jun-2010

Sep-2010

Dec-2010

TOTALCLRSGT3000

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MARKET INFORMATION

MARKET - Core Facts & Figures (2)

RECENT MARKET STATISTICS - COMPETITORS

Drilling costs - 4,000m geothermal wells: • Panax Geothermal (Salamander 1 Well 2010, South Australia): $15m plus

• Petratherm (Paralana Well , South Australia): $15 - $18M *

Source: Petratherm Ltd presentation to World Geothermal Congress April 29, 2010 - slide 13

• Rate of penetration: 1 to 3 metres an hour in hard rock

• 131 days to drill 4,000m

* EstimationFor

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MARKET INFORMATION

MARKET - Core Facts & Figures (3)

Progress is measurable (Even through the GFC)

Metrics 31 December 2007 15 March 2010

Geothermal Licences 232 in Australia 412 in Australia 78% ↑

Companies 31 Australia-wide 55 Australia-wide 77% ↑

Geothermal Licence holders listed on ASX 9 Australia-wide 22 Australia-wide (more coming) 144% ↑

F’cast Aus$ 2002-13 $851 Mln Australia-wide $2,506 Mln Australia-wide 194% ↑

Government Grants $46.4 Mln Australia-wide $291 Mln Australia-wide 527% ↑

Source: Contracting Party Report – Australia, 23rd GIA ExCo Meeting, Bali 22nd – 23rd April 2010, Slide 6 –www.geothermal.pir.sa.gov.au/ageg

AUSTRALIAN GEOTHERMAL MARKET

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MARKET INFORMATION

MARKET - Core Facts & Figures (4)

• Geodynamics recently bought 2 Oil & Gas rigs for $40M each

• The Federal Government has announced introduction of Carbon tax

• Weatherford International Ltd:

• Revenue 2010: $9.5b

• 53,000 staff

• Operating in 100 countries

• Petratherm Paralana geothermal project farm in agreements by : Beach Petroleum (up to $30M for 36%) and Tru Energy (up to $57M for 30%)

Some more interesting Facts and Figures:

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GT 3000 CONCLUSION

can drill wide holes to great depths

inexpensive mobilisation/demobilisation

can be set up within 1 day

only requires a crew of ~ 5

good fuel efficiency

can drill using:

• mud rotary in sedimentary ground, or

• air hammer in hard rock

(and switch quickly between those two drilling methods)

previously unheard of penetration rates in hard rock

huge market potential For

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CORE LEVEL RECORDER

SYSTEM (CLRS)

A REVOLUTION FOR THE ENERGY INDUSTRYFor

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CLRS - CORE LEVEL RECORDER SYSTEM

FREQUENT PROBLEMS WITH CORING:

3. Lack of Real Time Data

1. Core jamming in barrel

2. Formation milling

PROBLEMS:

Cut length vs. Received length chart

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CLRS - CORE LEVEL RECORDER SYSTEM

WHAT IS THE COST OF A JAMMED CORE?

It is estimated that the oil and gas industry spends $0.691 - $1.7 billion on coring every year world wide.*

*Source: Pegasus Securities Pty Ltd report ‘Coretrack (CKK)’ dated 28 April 2009

• Time

– Up to 24 hours lost depending on depth

• Money

– Offshore rigs cost up to $50,000 per hour to operate

– Side-tracking an offshore well can cost millions

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CLRS - CORE LEVEL RECORDER SYSTEM

THE CLRS SOLUTION• Coring tool that sits inside the inner core barrel during an

oil and gas coring operation

• Measures core intake into the core barrel

• Transmits core acquisition data to the surface in real time

• The CLRS provides:

Immediate identification of core milling

Immediate core jam notification

40mm accuracyFor

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CLRS - COMPETITIVE ADVANTAGES

The only product in the market to provide real time core acquisition data to surface

No “stop losses” due to information uncertainty

No need for expensive deviated wells to “re-do” jobs gone wrong

Certainty in respect of core-to-reservoir correlation

Reduced development risk

No need to pull drill string unnecessarily (up to 24 hours)

Avoid drilling with jammed core

Substantial cost savings For

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CLRS - CURRENT STATUS

COMMERCIAL TRIAL• Offshore trial with Woodside Energy Ltd completed in

December 2010• Further improvements / simplifications to valve module made in early

2011 – currently testing before final trial• Aiming for further commercial trial end of April

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CKK - FUTURE OUTLOOK

CORETRACK GROUP A future that ticks all the boxes

INNOVATION

INDUSTRY DEMAND

UNLIMITED POTENTIAL

WORLD CLASS TECHNOLOGY

GLOBAL APPLICATION

LUCRATIVE INDUSTRY

From more traditional oil and gas, mineral and water boring drilling programs to renewable energy sources that will assist to create a sustainable future, we are committed to providing the world’s best energy drilling service and turning previously non-viable energy projects into viable ones.

Our technology is highly advanced and very efficient. We believe the GT3000 and the CLRS are world class new technologies in the industry and will set the new standard.

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CKK - FUTURE OUTLOOK

REASONS TO INVEST• Share price 19.5c (as at 18th March 2011)

• Advanced discussions underway with potential clients in the following areas:• Geothermal• Oil & gas • Water• Mineral

• Multiple rig building capability for quick expansion into multi rig company

• Beneficiary of world wide low carbon movement / Government grants

• CLRS ready for further commercial trial in April

• Huge and constantly growing market

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THANK YOUwww.ckklimited.com.au

ww.globedrill.com.au

www.coretrack.com.au

ASX CODE: CKK FRANKFURT CODE: KXT

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