Dear Shareholders,

I wanted to highlight some notable events since my last letter to you. We are proud to announce that

we have changed our name to U.S. Fuel Corporation. Additionally, we have continued development

efforts on our first CTL fuel project in Muhlenberg Kentucky and improved our corporate governance

structure to better support our efforts.

With our company’s singular business model being CTL plant development, we felt that is appropriate

that our name reflect the singular focus of producing high-grade synthetic fuels from America's abundant

coal supplies. Thus U.S. Fuel Corporation came into being.

We have filed the appropriate paperwork with FINRA to initiate changing our ticker symbol and name for the public trading

markets and will inform you when the process is complete and trading under the new symbol and name is imminent. We expect to

have our new website go live at that time.

Since, we are no longer in the nuclear technology business, maintaining the nuclear patents that were previously developed by the company became an unnecessary liability. After careful consideration, we determined it was best to transfer the ownership of our

technology patents back to the original inventor. We expect this will have a positive net effect on the company's balance sheet once

the transaction is finalized.

Our work on developing a CTL fuel plant in Muhlenberg Kentucky continues. We have made progress on project elements such as

rail transportation, coal supply, water supply, and have moved forward in the permitting process. I plan on providing further details

on our project status in future communications.

Of note, the company wishes to express our appreciation for the support and assistance of Kentucky State Representative,

Brent Yonts (House District 15). The Hon. Mr. Brent Yonts is a tireless and steadfast proponent of developing a CTL project in

Kentucky.  A recent letter from Mr. Brent Yonts can be seen by clicking here.

Finally, our corporate governance structure was improved by the formation of the executive committee. In my opinion, the

executive committee has proved to be an excellent mechanism in the decision-making process and management of our day-to-day

operations as we work towards improving our team efficiency and effectiveness.

I look forward to reporting continued project and company developments as they occur.

Very truly yours,

Harry Bagot,

President & CEO

U.S. Fuel Corporation