Cloudified Holdings Limited Regulatory News (CHL)

24 February 2010 AIM: CHL

Project Update

Highlights:

·; Review of East Kutai Coal Project Feasibility Study progressing

·; Feasibility Study details to be released in the 2nd Quarter of 2010

·; Company continues to evaluate strategic alternatives to maximise value at EKCP

Churchill Mining Plc (AIM: CHL) and its Indonesian partners, the Ridlatama Group, which are developing the East Kutai Coal Project (EKCP) in Indonesia with a JORC Mining Reserve of 956 million tonnes of coal, provide the following update for the EKCP.

Following the update of 15 December 2009, Churchill now expects to complete the feasibility review process in the second quarter of 2010. The Company will make a detailed RNS statement on the project's economics and associated matters, upon completion of the said review.

As announced in September 2009, the Company received several non-binding approaches relating to possible acquisitions of specific projects within Churchill. The Company is continuing to review these approaches, and its options with regard to the various funding and commercial alternatives for the EKCP and is working through an evaluation of these alternatives in order to maximise shareholder value.

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