(Singapore/Hong Kong/New Jersey, 3 May, 2010) Abterra Ltd. (“Abterra”), a company listed on the Mainboard of the Singapore Exchange Securities Trading Limited (“SGX-ST”), today announced that it has entered into a Supplemental Agreement with YA Global Master SPV Ltd. (“YA Global”), a fund managed by Yorkville Advisors, LLC of Jersey City, New Jersey USA (“Yorkville”), in connection with the Equity Line Facility (“ELF”) Agreement dated 17 February 2010, to increase the maximum investment amount from S$20,000,000 to S$50,000,000. In addition, YA Global will subscribe to an initial S$3,000,000 Series A Loan Note (the “Note”), with the option of Abterra to drawdown an additional three Notes for a combined total of S$12.0 million. The investment was advised out of Yorkville Advisors in Hong Kong.

Jaffe Lau, Chief Executive Officer of Abterra said, “By more than doubling its maximum investment amount to S$50 million, Yorkville has given a clear sign of endorsement on our potential as a regional supply chain manager for steel related commodities. The addition of up to S$12.0 million of loan notes also grants us the flexibility to meet our production expansion plans.”

Anthony Chan, Managing Director and Head of Asia at Yorkville HK said, “This increased potential investment further galvanizes our capital partnership with Abterra, in support of its growth strategy in the natural resources sector. Abterra is well-positioned to continue its expansion into valuable upstream assets and further its regional growth in the trading of core commodity products such as coking coal, coke, and iron ore.”

Philip Ho, Senior Managing Director and Head of Global Capital Markets for Yorkville added, “This investment highlights our global investment approach in funding growth opportunities in the natural resources sector and we are pleased to support Abterra’s strategic development plans.”

About Abterra

Abterra is an emerging supply chain manager in the natural resources business. With vertical integration as its core strategy, Abterra pursues sustainable long term growth in the Chinese and international markets.

Abterra trades coking coal, coke and iron ore in Australia, India, Indonesia and China. By acquiring upstream assets such as coal mines, iron mines and logistic units, Abterra aims to differentiate itself by having control over the inputs in its core trading business.