CanAm Coal Corp.
TSX VENTURE : COE

CanAm Coal Corp.

March 07, 2011 08:00 ET

CanAm Coal Provides Coal Pricing Update

CALGARY, ALBERTA--(Marketwire - March 7, 2011) - Further to a press release dated January 25, 2011 regarding coal pricing, CanAm Coal Corp. (TSX VENTURE:COE) ("CanAm" or the "Company") is reporting that the Company is achieving further price increases through sales of its metallurgical coal on the spot market. In addition to the average price increase of between 13% and 18% over 2010 prices as reported on January 25th, the Company will be receiving an additional $16 per ton of metallurgical coal sold on the spot market. Coal spot pricing for the Company's metallurgical coal is now 21% higher than in 2010. Also, prices received for the majority of its thermal coal have recently increased by 5%."We are extremely pleased with our coal pricing and will continue to look for other opportunities with additional cash flow generated being used to fund both our organic and acquisition growth" said Tim Bergen, CEO of CanAm.

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.

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