CanAm Coal Corp.

CanAm Coal Corp.

October 15, 2010 09:01 ET

CanAm Retains Brisco Capital Partners for Investor Relations Services

CALGARY, ALBERTA--(Marketwire - Oct. 15, 2010) - CanAm Coal Corp. (TSX VENTURE:COE) ("CanAm" or the "Company") is pleased to announce that it has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations services, subject to regulatory approval. Brisco will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco takes a full service approach to investor relations and provides creative, effective results-driven investor relations programs for Canadian public companies.

The agreement is effective October 15, 2010, and may be terminated by either party at any time with 30 days written notice. The agreement requires the Company to pay Brisco $6,000 per month for investor relations services and to reimburse Brisco for all pre-approved expenses. Brisco will also be granted 400,000 options to purchase common shares exercisable at $0.15 per share for 2 years from the date of grant. The options shall be exercisable as to 1/6 of the grant every three months from the date of grant in accordance with Policy 4.4 of the TSX Venture Exchange. 

"We, at Brisco Capital, are excited to be working with the CanAm management team; the search has been long for an undervalued Met (metallurgical) Coal opportunity. We look forward to building the investor audience and watch CanAm deliver on its exciting milestones" said Scott Koyich, President Brisco Capital.

Calgary-based Brisco Capital Partners Corp. provides investor relations and marketing services to Canadian public companies. Brisco is owned by Scott Koyich who currently owns 317,500 common shares of CanAm. 

About CanAm Coal Corp.

CanAm is a coal marketing 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 indicated and 103 million inferred 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 The Company does not undertake to update any forward-looking information except in accordance with applicable securities law.

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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