CanAm Coal Corp.
TSX VENTURE : COE

CanAm Coal Corp.

July 13, 2010 08:30 ET

CanAm Coal Adds Coal Expertise to Its Team

CALGARY, ALBERTA--(Marketwire - July 13, 2010) - CanAm Coal Corp. (TSX VENTURE:COE) ("CanAm" or the "Company") is pleased to announce that it has entered into a consulting agreement with the officers of Birmingham Coal & Coke, Inc. ("BCC"), Messrs. Robert and Thomas Lewis, to provide coal expertise and advice to both CanAm's management team and board of directors. The Company will look to Robert and Thomas to provide strategic advice as it relates to its expansion plans and strategies in the United States of America, and in particular Alabama, and to provide acquisition and integration assistance in the context of the Company's recently announced transaction to acquire an additional 49% ownership in RAC Mining LLC.

"The expertise and experience that both of these gentlemen bring in the coal business will add additional depth and credibility as we build CanAm in an emerging coal producing company. We have worked with both Bob and Tom over the last 6 months and have built an excellent relationship and this agreement is the next step in the evolution of our collaboration" said Tim Bergen.

About Birmingham Coal & Coke, Inc.

Birmingham Coal & Coke, Inc. was incorporated in 1975 by H. Kent Lewis. Kent created BCC to market coal produced from mines located in Alabama to industrial, utility and export markets. 2010 marks the 35th anniversary of the founding of the company. Over this extended period of time, only three mining companies in Alabama (operating in 1975) still exist today; Drummond Coal Company, Jim Walter Resources, and BCC. In 1990, Robert and Thomas Lewis obtained ownership in BCC and have continued to manage the company on a foundation of conservative financial policies and strong ethical values. Today, BCC not only markets coal, but produces coal from three surface mines in Northwest Alabama. Combined sales have averaged over 500,000 tons per year since 2007. Robert Lewis, a Professional Geologist and the President of BCC, has had the opportunity to serve on the Alabama Coal Association Board of Directors for over 20 years. He also serves on the Board of Directors for the Alabama Coal Cooperative. Thomas Lewis is the Vice President and Treasurer of BCC and has been involved in every aspect of coal mine development. Tom is also the President of Pace Industries, a company that operates a landfill in the state of Alabama.

About CanAm Coal Corp.

CanAm is a coal producing and development company focused on growth through the acquisition, exploration and development of coal resources and resource-related technologies. CanAm's main activities and assets include its 49% owned Alabama coal mine operations, the exclusive rights to a proprietary Coal to Liquids technology which converts coal into liquid fuels (such as oil, jet fuel) at an economical cost with zero airborne emissions and the Buick Coal Project which holds significant coal resources, 188 million tons of indicated and 103 million tons of inferred coal resources, in Colorado, USA (see the technical report entitled "Limon Lignite Project, Elbert County, Colorado, USA," dated October 26, 2007 and filed on SEDAR on November 2, 2007). Other coal and related opportunities continue to be evaluated on an ongoing basis.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Corporate Head Office:
    CanAm Coal Corp.
    Timothy J. Bergen
    President
    (403) 262-3797 or Toll Free: 1-877-262-5888
    tbergen@canamcoal.com