EastCoal Inc.

EastCoal Inc.

January 17, 2014 08:00 ET

EastCoal Announces Approval of Court Application

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 17, 2014) - EastCoal Inc. (TSX VENTURE:ECX)(AIM:ECX) ("EastCoal" or the "Company") announces that on January 16, 2014 the Supreme Court of British Columbia (the "Court") issued a court order approving the Company's application for the sale of its subsidiaries as announced on January 16, 2104 (the "Disposals"). In addition, the Court issued the Company with a 46 day extension to make a proposal to its creditors under the Bankruptcy and Insolvency Act (Canada) ("BIA"). The extension has the effect of allowing the Company until March 3, 2014 in which to make a proposal to creditors.

The Company has also received conditional approval of the TSX Venture Exchange for the Disposals.

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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