Cobalt Coal Ltd.

Cobalt Coal Ltd.

April 20, 2012 16:56 ET

Cobalt Coal Announces Appointment to the Board of Directors

CALGARY, ALBERTA--(Marketwire - April 20, 2012) - Cobalt Coal Ltd. (formerly Cobalt Coal Corp.) (TSX VENTURE:CCF) ("Cobalt" or the "Corporation") is very pleased to announce the appointment of Mr. William (Bill) Iannaci of Toronto, Ontario to its Board of Directors, subject to regulatory approval.

Mr Iannaci is currently the President and CEO of Royal Laser Inc., a privately-held company involved in specialized metal fabrication. He was founder and Chief Executive Officer of Royal Laser Corp., which was listed on the Toronto Stock Exchange ("TSX") from 2003 until its privatization in 2010. From 1996 until 2002, Mr. Iannaci held various positions including President, Industrial Division followed by Chief Executive Officer, with Martinrea International Inc., a TSX listed automotive manufacturing company. Mr Iannaci founded a predecessor company to Martinrea International Inc. in 1988.

Mr Iannaci is a professional engineer that graduated from Ryerson University in Toronto, Ontario. He has worked principally in the manufacturing sector and has served on the Board of Directors of several TSX Venture Exchange ("TSX-V") listed companies in the past.

About Cobalt

Cobalt is a publicly traded coal exploration and production company headquartered in Calgary, Alberta, Canada with a regional office in Welch, West Virginia, USA. Cobalt was created to capitalize on the growth opportunities that exist in the metallurgical coal mining industry.

The securities of Cobalt being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Neither TSX Venture Exchange nor its Regulation Service 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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