SOURCE: Lotta Cool Inc.

March 06, 2007 10:57 ET

Lotta Coal Launches New Website

CALGARY, AB -- (MARKET WIRE) -- March 6, 2007 -- Lotta Coal Inc (PINKSHEETS: LCOL) today announces the launch of its new website at www.lottaenergy.com.

"The new website is one of the first steps towards improving our corporate communications with our shareholders," said Dr. Nicolas Matossian, President and CEO of Lotta Coal Inc. "We look forward to receiving feedback from all stakeholders so we may continue to update the site with pertinent information, which will enable good decision making," further added Dr. Matossian.

About Lotta Coal

Lotta Coal Inc. is a unique oil and gas company with three separate wholly owned operating subsidiaries, each with rights to explore and develop oil and gas resources in partnership with different First Nations commercial entities in Northern Alberta, Canada. The Company is publicly traded on the over-the-counter market under the Ticker symbol: LCOL.

The Company has been able to assemble over 105,000 acres (165 square miles) of land, all with a 100% interest, and in September 2006 it successfully drilled seven wells and re-entered a further well in the Boyer field, and is preparing engineering for tie-in to infrastructure. Over $3,400,000 has been invested since September 2006 on drilling and acquisition activities, including a successful shallow gas drilling program that produced seven out of seven wells to be put into production.

Important Information About Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on CanAm's website does not constitute a part of this release.

Contact Information

  • Contact:
    Mr. David Hayes
    Director
    Tel (778) 882-8871