Canam Coal Corp (fka COECF)

[buddhabelly2]

Further to a press release dated July 27, 2012, CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") is pleased to announce that CanAm through its wholly owned subsidiary, Radar USA Hold Corp. ("Radar USA"), has completed the acquisition of an additional 30% in equity interests in the capital of Birmingham Coal & Coke Co., Inc and Cahaba Contracting & Reclamation LLC (collectively referred to as "BCC") (the "Transaction") from Thomas A. Lewis, Robert A. Lewis and Robert Wayne Bass ("Vendors"). CanAm retains an option to acquire the remaining 20% of BCC before May 9, 2016.
Additionally, the Company has closed a non-brokered private placement offering (the "Offering") of 13,165 units ("Units") at a price of CDN$1,000 (and/or its US dollar equivalent) per Unit for total proceeds of CDN$13,165,000. Each Unit is comprised of a $1,000 principal amount of 9.5% non-convertible and unsecured debentures ("Debentures"), 1,250 2012 series A common share purchase warrants ("Series A Warrants") and 1,000 2012 series B common share purchase warrants ("Series B Warrants"). The Debentures have a term of four years with a partial repayment feature that is triggered upon the achievement of a certain production level. The Series A Warrants have an exercise price of CDN$0.20 and a term of four years, and the Series B Warrants have an exercise price of CDN$0.25 and a term of four years.
The aggregate purchase price of the acquisition is US$11,505,682, which will be settled by US$5,505,682 in cash and the issuance of Debentures in the Offering in an aggregate principal amount of US$6,000,000 together with 7,500,000 Series A Warrants and 6,000,000 Series B Warrants. As previously disclosed, the exercise of the Series A Warrants and Series B Warrants issued to the Vendors is subject to disinterested shareholder approval which the Company intends to seek at its next annual general meeting. The remainder of the private placement will be used for general corporate purposes.
Certain directors and officers of the Company have subscribed under the Offering for CDN$860,000 aggregate principal amount Debentures, an aggregate of 1.1 million Series A Warrants and an aggregate of 0.9 million Series B Warrants. In relation to the insiders who participated in the Offering, the Company has determined that there are exemptions available from the various requirements of TSX-V Policy 5.9 for formal valuation and minority shareholder approval.
A finder's fee of 7% or CDN$14,000 was paid under the Offering to Wolverton Securities for CDN$200,000 aggregate principal amount Debentures.
The Transaction and the Offering were completed upon receipt of conditional TSX-V approval. The Warrants issued under the Offering are subject to a four month hold period that will expire on December 8, 2012.
At the close of the Transaction, the Company's Alabama mine operations will be comprised of:

-- 4 operating mines
-- 4 mines in development
-- Annual productive capacity of 1 million tons
-- Permits and leases covering approximately 5,000 acres of land
-- Workforce of approximately 140 employees

"We are excited about completing this transaction as this will allow us to fully integrate all of CanAm's Alabama mining operations and further achieve synergies across our mines. Our integrated team will also be better positioned for continued growth through current asset expansion and the development of additional opportunities in Alabama", said Robert A. Lewis, President of Birmingham Coal & Coke Company, Inc.
About CanAm Coal Corp.
CanAm is a coal producer 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 operating and development mines in Alabama 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.
About Birmingham Coal & Coke, Inc.
Incorporated in 1975 by H. Kent Lewis, BCC started as marketer of coal produced from mines located in Alabama to industrial, utility and export markets. Since then, BCC has grown to become a significant Alabama coal producer. Based on a foundation of prudent financial stewardship, safety and strong ethical values, BCC is one of only three coal mining companies operating in Alabama in 1975 that still exists today; the others being Drummond Coal Company and Jim Walter Resources. In May 2011, pursuant to the Original Transaction, CanAm acquired a 50% ownership interest in BCC.
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.
Contacts:

CanAm Corporate Office:

Timothy Bergen

CEO

403.262.3797 or Toll Free: 1.877.262.5888

[e-mail]

[buddhabelly2]

CanAm Coal Corp. Pleased to announce that it intends to complete a non-brokered private placement
of up to 960,000 units at a price of $0.13 per unit for gross proceeds of up to
$124,800. Each unit will consist of one common share and one half common share
purchase warrant. Each warrant is exercisable at $0.17 per common share for a
period of two years from closing. This private placement will be fully
subscribed for by Mr. Steven Somerville, who has been appointed a director of
the Company.


Proceeds of the private placement will be used for general operating purposes.
The completion of the private placement is subject to regulatory approval. CanAm
has determined that there are exemptions available from the various requirements
of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of
the units to Mr. Somerville (Formal Valuation - Issuer Not Listed on Specified
Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).


About CanAm Coal Corp.

CanAm is a coal producer 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 four operating coal
mines in Alabama 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
www.sedar.com. The Company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.

[buddhabelly2]

CanAm Coal Corp. COECF- is pleased to announce the appointment of Steve Somerville to its Board of Directors. Mr. Somerville will commence duties immediately.
Mr. Somerville is a highly experienced corporate finance executive with key strengths in mergers and acquisitions, debt and equity strategies, structured finance, corporate restructuring, risk management and investment strategies. Mr. Somerville is currently President of CCM Capital Corporation, a privately held Investment holding company. Prior to establishing CCM Capital Corporation in 2012, Steve was President, BMO Capital Corporation, a leading provider of junior capital, including subordinated debt, mezzanine financing and equity capital to mid-market companies across Canada. Additionally, Mr. Somerville was responsible for the leadership of Bank of Montreal's Canadian Mid-Market Mergers and Acquisitions business and the Bank's Limited Partner investments in third party Canadian Private Equity Funds. Mr. Somerville was also a member of the Bank's Corporate Finance Leadership from 2001 to 2012. Prior to joining the Bank of Montreal, Steve worked 11 years with CIBC in a variety of roles. Steve is an experienced director having served on a number of Canadian boards as BMO's nominee.
Commenting on the appointment, Jon Legg, Chairman of CanAm's Board of Directors noted: "The appointment of Steve Somerville to the Board of Directors is a significant step for CanAm Coal. Steve's background, reputation and experience in Mid-Market corporate finance are exceptional and particularly relevant given the Company's overall growth strategy of becoming an intermediate coal producer in the next 3 to 5 years. Steve will be an invaluable member of our team moving forward, as we execute on our business strategy."
Mr. Somerville has been issued 400,000 stock options with an exercise price of $0.135. The options, issued in accordance with CanAm's stock option plan, are valid for 10 years and vest as to 1/6th of the options issued at the end of each successive three month period from the date of issuance such that the options are fully vested 18 months from the date of issuance. The Company has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of the options to directors, officers and employees of the Company (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).
About CanAm Coal Corp.
CanAm is a coal producer 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 four operating coal mines in Alabama 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 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.
Contacts:

CanAm Corporate Office:

Timothy Bergen

CEO

403.262.3797 or Toll Free: 1.877.262.5888

[e-mail]



Brisco Capital Partners:

Scott Koyich

Partner

403.262.9888

scott@briscocapital

[RobertJames]

CanAm (COE) Announces Intent to Exercise Its Option to Acquire an Additional 30% of Birmingham Coal & Coke and Private Placement



CALGARY, ALBERTA--(Marketwire - July 27, 2012) - CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") is pleased to announce that CanAm is exercising its option to acquire an additional 30% ownership interest in its principal U.S. mining operations (the "Transaction") for a purchase price of US$11,505,682. The Transaction will be completed through the purchase of additional equity interests in the capital of Birmingham Coal & Coke Co., Inc and Cahaba Contracting & Reclamation LLC (collectively referred to as "BCC") under an existing option and will be effective as of July 1, 2012.

The Company will fund the acquisition through a non-brokered private placement offering (the "Offering") of a minimum of 12,000 and a maximum of 16,000 units ("Units") at a price of CDN$1,000 (and/or its US dollar equivalent) per Unit for total proceeds of a minimum of CDN$12,000,000 and a maximum of CDN$16,000,000. Each Unit will be comprised of a $1,000 principal amount of 9.5% non-convertible and unsecured debentures ("Debentures"), 1,250 2012 series A common share purchase warrants ("Series A Warrants") and 1,000 2012 series B common share purchase warrants ("Series B Warrants"). The Series A Warrants have an exercise price of CDN$0.20 and a term of four years, and the Series B Warrants have an exercise price of CDN$0.25 and a term of four years.

"The exercise of our 30% option is another significant step for CanAm and brings our goal of 1 million tons of annual production one step closer. With completion of the Transaction, we expect 2012 production to be in the range of 450,000 to 500,000 tons with 2013 production in the range of 750,000 tons with substantially all production contracted to existing customers. The fact that we were able to finance the transaction on reasonable terms in a difficult credit environment speaks to the underlying quality of the BCC asset and the strength of our long term business plan." said Jos De Smedt, President and COO of CanAm. "Increasing our ownership in BCC and further investing in a management team that has a proven track record of safe, reliable and profitable operations makes perfect sense at this time," added Tim Bergen, CEO of CanAm.

Radar USA, a wholly owned subsidiary of the Company, acquired 50% of the outstanding equity interest in BCC in May 2011 (the "Original Transaction"). Pursuant to the Original Transaction, Radar USA was granted an option to acquire the additional 30% interest being acquired in the Transaction and the remaining 20% interest until May 9, 2016. The Vendors of the Transaction, Robert A. Lewis, Thomas A. Lewis and R. Wayne Bass (the "Vendors"), will be paid an aggregate purchase price of US$11,505,682. Upon completion of the Transaction, the Company will own 80% of BCC and the Vendors will own 20%.

The aggregate purchase price will be paid by US$5,505,682 in cash and the issuance of Debentures in the Offering, in an aggregate principal amount of US$6,000,000 together with 7,500,000 Series A Warrants and 6,000,000 Series B Warrants. The exercise of the Series A Warrants and Series B Warrants issued to the Vendors is subject to disinterested shareholder approval which the Company intends to seek at its next annual general meeting.

Each of Robert A. Lewis and Thomas A. Lewis is a director and senior officer of BCC and therefore may be considered to be a non-arm's length party within the meaning of the policies of the TSX Venture Exchange (the "TSXV"). R. Wayne Bass is neither a director nor an officer of BCC and would not be considered to be a non-arm's length party.

Certain directors and officers of the Company are expected to subscribe under the Offering for approximately CDN$2.2 million aggregate principal amount Debentures, an aggregate of 2.8 million Series A Warrants and an aggregate of 2.2 million Series B Warrants.

OTHER INFORMATION

The completion of the Transaction and the Offering is subject to certain conditions including acceptance of the Transaction and the Offering by the TSXV and other conditions customary for transactions similar in nature to the Transaction. There can be no assurance that the Transaction or the Offering will be completed as proposed or at all.

Provided that the conditions to completion of the Transaction and the Offering are completed to CanAm's satisfaction, the Company anticipates that the closing of the Offering and the Transaction will be on or about July 30, 2012.

About CanAm Coal Corp.

CanAm is a coal producer 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 four operating coal mines in Alabama 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.

About Birmingham Coal & Coke, Inc.

Incorporated in 1975 by H. Kent Lewis, BCC started as marketer of coal produced from mines located in Alabama to industrial, utility and export markets. Since then, BCC has grown to become a significant Alabama coal producer. Based on a foundation of prudent financial stewardship, safety and strong ethical values, BCC is one of only three coal mining companies operating in Alabama in 1975 that still exists today; the others being Drummond Coal Company and Jim Walter Resources. In May 2011, pursuant to the Original Transaction, CanAm acquired a 50% ownership interest in BCC.

[buddhabelly2]

The RSI recently dropped to 60.61% from above the critical level of 70. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning

[buddhabelly2]

CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") announces that, subject to regulatory approval, on June 1, 2012, it granted a total of 3.3 million options to directors, officers and employees of the Company and its affiliates to purchase common shares of the Company in accordance with the Company's stock option plan. The options expire ten years from the date of grant and will vest at a rate of one sixth every three months. All options have an exercise price of $0.14 per common share.

The Company has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of the options to directors, officers and employees of the Company (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).

The Company is also pleased to announce that it has raised $100,000 through the exercise of 1 million options at an exercise price of $0.10. Proceeds will be used for general operating purposes.

About CanAm Coal Corp.

CanAm is a coal producer 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 four operating coal mines in Alabama 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 www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE: CanAm Coal Corp.

CanAm Corporate Office:
Tim Bergen
CEO
403.262.3797 or Toll Free: 1.877.262.5888
[e-mail]
Brisco Capital Partners:
Scott Koyich
Partner
403.262.9888
[e-mail]

[buddhabelly2]

CanAm Coal Corp. (TSX VENTURE: COE)(OTCQX: COECF) ("CanAm" or the "Company") is pleased to announce that effective June 1, 2012, Mr. Scott Bolton has formally joined the Company as Chief Financial Officer. Concurrent with this appointment, Mr. Jos De Smedt, the former CFO has assumed the role of President and Chief Operating Officer. Mr. Tim Bergen continues in his role as Chief Executive Officer.

Mr. Bolton was formerly a Senior Partner and Canadian Energy Leader with PwC, based in Calgary. Scott brings considerable experience in a broad range of technical areas including business strategy, mergers and acquisitions, accounting and auditing, and valuations. A Chartered Accountant by training, Mr. Bolton worked for PwC for 27 years, including 15 years as a Partner.

"I am excited to join CanAm, a company that has transformed itself into a profitable coal producer and is poised for significant growth in the years to come. I am looking forward in working with the leadership team as we execute on our strategic plan to achieve an annual production target of 3 million tons in the next 3 to 5 years", said Scott Bolton.

[buddhabelly2]

COECF-CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") is pleased to provide an update on production and sales contracts for the fiscal year ended December 31, 2012.
The Company is estimating coal sales of between 450,000 to 550,000 tons for the 2012 fiscal year with a metallurgical/thermal coal mix of 20/80% respectively. This represents a 200,000 to 300,000 ton increase over 2011 estimated sales or the Company is forecasting to nearly double production in 2012. Up to 85% of this estimated 2012 production has been contracted for with a variety of customers including the Alabama Coal Cooperative and various industrial users. Sales contracts are for a minimum term of 3 years and some thermal coal production has been contracted for through 2017.
Pricing obtained by the Company for its high quality metallurgical and thermal coals has been extremely favorable and all prices are at higher levels than in 2011. On average, the estimated realized sales price for 2012 will be $100/ton with average price increases as follows:

-- Metallurgical coal: up 11%
-- Thermal coal - power customer: up 4%
-- Thermal coal - industrial customers: up 17%

"We are extremely pleased with our recently completed sales contracts as they provide us with both downside protection and earnings visibility for 2012 and beyond," said Tim Bergen, CEO of CanAm. "In addition, most of our contracts include cost inflation clauses which provide for additional protection in the event our major production cost components were to escalate in the next couple of years."
About CanAm Coal Corp.
CanAm is a coal producer 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 four operating coal mines in Alabama 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.
For Further Information:
Forward-Looking Information and Statements
This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "could", "should", "can", "anticipate", "estimate", "expect", "believe", "will", "may", "project", "budget", "plan", "sustain", "continues", "strategy", "forecast", "potential", "projects", "grow", "take advantage", "well positioned" or similar words suggesting future outcomes. In particular, this press release contains forward-looking statements relating to future production at the RAC Mining LLC ("RAC") and Birmingham Coal & Coke ("BCC") mines. This forward looking information is based on management's estimates considering typical strip mining operations, equipment requirements and availability and typical permitting timelines.
In addition, forward-looking statements regarding the Company are based on certain key expectations and assumptions of the Company concerning anticipated financial performance, business prospects, strategies, the sufficiency of budgeted capital expenditures in carrying out planned activities, the availability and cost of services, the ability to obtain financing on acceptable terms, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, and future costs and expenses being based on historical costs and expenses, adjusted for inflation, all of which are subject to change based on market conditions and potential timing delays. Although management of the Company consider these assumptions to be reasonable based on information currently available to them, these assumptions may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks that forward-looking statements will not be achieved. Undue reliance should not be placed on forward-looking statements, as a number of important factors could cause the actual results to differ materially from the Company's beliefs, plans, objectives and expectations, including, among other things: general economic and market factors, including business competition, changes in government regulations or in tax laws; the early stage development of the Company and its projects; general political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. These factors should not be considered exhaustive. Many of these risk factors are beyond the Company's control and each contributes to the possibility that the forward-looking statements will not occur or that actual results, performance or achievements may differ materially from those expressed or implied by such statements. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these risks, uncertainties and factors are interdependent and management's future course of action depends upon the Company's assessment of all information available at that time.
Forward-looking statements in respect of the future production of the RAC and BCC mines may be considered a financial outlook. These forward-looking statements were approved by management of the Company on January 12, 2012. The purpose of this information is to provide an operational update on the company's activities and strategies and this information may not be appropriate for other purposes.
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake and is not obligated to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless so required by 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.
Contacts:

CanAm Corporate Office

Tim Bergen

CEO

403.262.3797 or Toll Free: 1.877.262.5888

[e-mail]



Brisco Capital Partners

Scott Koyich

Partner

403.262.9888

[e-mail]





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[buddhabelly2]

CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") has filed its unaudited condensed consolidated financial statements and related management's discussion and analysis for the period ended March 31, 2012. As the Company has changed its year end to December 31 from January 31 in order to align year ends across all subsidiaries, the comparative prior year numbers presented in these financial statements are for April 30, 2011. Copies of these documents may be obtained via the SEDAR website or on the Company's website at www.canamcoal.com or on our Facebook page.
For the first quarter of fiscal 2012 ending March 31, 2012, the Company once again delivered year over year growth at all levels.
Highlights and key events for the quarter include:

-- Achieved coal sales of 67,153 tons, up from 30,655 tons in Q1 2011;
-- Generated revenue of $7.7 million, up from $3.2 million in Q1 2011;
-- Generated EBITDA of $1 million, up from $0.9 million in Q1 2011;
-- Generated cash flow from operations of $0.2 million, down from $0.8
million in Q1 2011
-- Invested $3.0 million in mine equipment and infrastructure, up from $0.4
million in Q1 2011

Tim Bergen, CanAm's CEO and Director commented: "Although we delivered year over year growth for all metrics, our first quarter was challenging but, during the quarter, we undertook several key steps to position our mines to run at or near productive capacity starting in the second half of this year while at the same time improve cost efficiency. Operationally, first quarter production was impacted by a number of planned and unplanned events. A planned mine reconfiguration/development at Bear Creek and a management realignment at Powhatan impacted Q1 production as these changes were put in place. Q1 was also impacted to a smaller degree by an operational incident at Gooden Creek, which resulted in damage to an excavator, which impacted production at this mine.
On the sales side, we continue to see strong demand and excellent pricing for our coal production. All of our 2012 planned production is contracted for and the outlook into 2013, 2014 and beyond looks positive. For Q1, we achieved a record average sales price of $114/ton. This speaks to the strength of our customer base, our geographic location, our market reputation and the quality of our coal. Our challenge is on the production side, which is being proactively remedied as opposed to the sales side where our outlook remains positive despite current market conditions.
As we move forward into Q2 and the remainder of the fiscal year, we expect to see production at our existing mines improve significantly as our operational changes take hold. This improvement combined with production due to come on from new mines is expected to result in a strong second half of the year."
Other highlights and significant events for the quarter include:

-- Concluded a number of off-take agreements with various customers which
resulted in 100% of estimated 2012 production being contracted for.
Average price increases in such contracts were between 4% to 17% as
compared to last year.
-- Achieved good progress on permitting a number of the new mines that are
slated to open in 2012 and 2013 including Old Union 2, Posey Mill 2,
Knight and Davis.
-- Consolidated all mine operations under one common structure in order to
drive operational efficiencies.
-- Renegotiated the reclamation bonding program in place for the BCC mines
resulting in the release of approximately $0.7 million of restricted
cash.
-- Appointed Scott Bolton, a senior partner with PricewaterhouseCoopers, as
the new CFO of the Company and Jos De Smedt, the current CFO, as the
President and COO. Both appointments are effective June 1, 2012.

Financial results for the three month period were as follows:

March 31, 2012 April 30, 2011
------------------ ------------------



Revenue $ 7,671,284 $ 3,233,121
Income from mining operations $ 32,220 $ 892,824
Other income (expenses) $ (1,359,143) $ (539,845)
Income (loss) before tax $ (1,326,923) $ 352,979
Net income (loss) $ (952,486) $ 227,604

EBITDA $ 972,564 $ 867,870

Coal sales and average sales prices (per ton) for the three month period were as follows:

Coal Sales (in tons) Average Sales Price ($/ton)
March 31, 2012 April 30, 2011 March 31, 2012 April 30, 2011
--------------------------------------------------------------

Metallurgical
coal 15,280 19,198 $ 151 $ 134
Thermal coal 51,873 11,457 $ 103 $ 84
--------------------------------------------------------------

Total 67,153 30,655 114 105
--------------------------------------------------------------

Coal sales for the three month period ended March 31, 2012 were 67,153 tons as compared to 30,655 tons in the prior year or coal sales more than doubled. The increase is mainly the result of the acquisition of a 50% ownership in BCC which was effective May 1, 2011.
Sales for the quarter were characterized by:

-- Contribution of 48,325 tons of coal sales from the Company's 50%
ownership in BCC's three operating mines, Bear Creek, Old Union and
Gooden Creek. All of BCC's mines produce high quality thermal coal.
Production for the quarter was below its expected level of some 60,000
tons per quarter due to mine reconfiguration and infrastructure
development at the Bear Creek mine resulting in 9,000 tons of lower
production for the quarter and a mine incident resulting in equipment
damage at the Gooden Creek mine which temporarily curtailed production
by about 2,000 tons at Gooden Creek. In the first quarter, BCC did not
broker any third party coal.
-- Coal sales at the Powhatan mine were 18,828 tons compared to 30,655 tons
in the prior year. Coal sales were lower as the Company executed on its
operational realignment strategy and brought the Powhatan mine
operations under the responsibility of the BCC team. This transition
necessarily reduced production at Powhatan as management changes were
instituted and operational changes were put in place. These changes were
successfully completed by the end of April. Coal sales were also
impacted by a lower than usual recovery rate on thermal coal.
-- The production shortfall from these factors impacted revenues by
approximately $2.5 million. This shortfall impacted our margin as our
mining cost structure has been established to deliver a higher
production level, which we expect to begin achieving in the remainder of
the year.
-- The mix of metallurgical/thermal coal for the first quarter at the
Powhatan mine was 80/20% as a result of a lower recovery rate on the
thermal coal as compared to 63/37% in the prior year. The Company's
target coal mix for the Powhatan mine is 60/40%.

The average sales price obtained during the quarter was $114/ton as compared to $105/ton in the prior year or an increase of 8.6%. Strong pricing for the quarter is the result of new long term off-take contracts signed by the Company towards the end of fiscal 2011 and in early 2012. Such contracts not only provide for annual price increases but some also provide cost inflation protection for labor, fuel and explosives. The new contracts are for a term of 3 years and therefore the Company has substantially sold its production through the end of 2014.
Mine operating results for the three month period were as follows:

Three Month Period Ended
March 31, 2012 April 30, 2011
----------------------------------------------



Metallurgical coal 15,280 19,198
Thermal coal 51,873 11,457
----------------------------------------------

Total 67,153 30,655
----------------------------------------------



Coal sales revenue 7,671,284 3,233,121
Income from mining operations 32,220 892,824
EBITDA 972,564 867,870

Coal sales (in tons) 67,153 30,655

Average coal price 114 105
Average cost of product sold 71 43
Average cost of royalties
transportation and other 21 24
Average income from mining 0 29

Average EBITDA 14 28

Notes:
- Averages are all presented on a per ton basis.
- EBITDA: Earnings Before Interest, Taxes, Depreciation and
Amortization equals income from mining operations plus
depreciation, depletion, amortization and accretion minus general
and administrative expenses. EBITDA is a supplemental measure that
is not presented in accordance with International Financial
Reporting Standards (IFRS). This non-IFRS measure may not be
comparable to the calculation of similarly titled measures
reported by other companies and should not be considered in
isolation, as an alternative to, or more meaningful than financial
measures calculated and reported in accordance with IFRS.

Revenue, Income and EBITDA
Revenue for the three month period more than doubled as compared to last year as a result of the increased production following the acquisition of a 50% ownership stake in BCC and improved pricing on both metallurgical and thermal coal. Production costs for the first quarter were on average $71/ton as compared to $43/ton in fiscal 2011 as a result of higher direct mining costs and increased operating expenses associated with reduced production levels. One-time mine reconfiguration/development at Bear Creek, a mine management transition at Powhatan and equipment damage following a mine incident at Gooden Creek also resulted in higher costs for the quarter. Both the Bear Creek and the Powhatan mine have returned to normal operating conditions in the second quarter. Royalties, transportation and other ("RTO") costs were on average $21/ton as compared to $24/ton in fiscal 2011 mainly as a result of the lower RTO costs at BCC. EBITDA was $972,564 as compared to $867,870 in fiscal 2011.
Other Income (Expenses)
Other expenses for the three month period ended March 31, 2012 were $1.3 million as compared to $0.5 in the prior year. The increase for the year was mainly the result of: higher general and administrative expenses as a result of the increased activity in the Company's operations and additional overhead following the acquisitions of BCC and RAC (+$230,000), interest and costs associated with the Company's 9.5% and 12% debenture (+$241,000), higher stock based compensation expenses (+$53,000) and higher equipment interest expense mainly as a result of the BCC acquisition (+$91,000). The increase was offset by a favourable impact of fluctuations in the US$/CDN$ foreign exchange (-$25,000).
The Company's overall financial position remained healthy as a result of the cash flow generated from mining operations, the renegotiation of the reclamation bonding program and additional funds generated from a private placement with the Company's new CFO. Cash on hand at March 31, 2012 was $2.1 million as compared to $2.6 million at December 31, 2011. In addition, the Company has $0.9 million in cash as security for reclamation bonds.
Outlook
Over the last three years, the Company has aggressively grown its production from 4,700 tons in 2009 to 256,000 tons in 2011. Likewise, EBITDA has grown from ($0.5) million in 2009 to $4.6 million in 2011. In order to continue on this growth path, the Company executed on a number of key activities in the latter part of 2011 and the first quarter of 2012:

-- Signed two new long term off-take contracts that secure significant off-
take of metallurgical and thermal coal through 2014;
-- Executed on its operational realignment strategy which resulted in the
BCC management team assuming direct responsibility for the Powhatan
mine. These changes are expected to bring operational and cost
efficiencies as well as improved production performance in future
quarters.
-- Achieved good progress on permitting a number of the new mines. Old
Union 2 and Posey Mill 2 are on track to open in the second half of this
year. As to the Davis and Knight mines, the Company has decided to
accelerate the permitting of the Knight mine to achieve production
starting in September 2012 due to a more favorable permitting and mine
development profile. The Company has slowed development of the Davis
mine, which is now expected to start production in 2013.
-- Continued an aggressive capital investment program in both equipment and
mine development to prepare for future production growth in the second
half of 2012 and beyond.
-- Strengthened its management team with the hiring of Mr. Scott Bolton as
CFO of CanAm and Mr. Eric Hallmark as controller of Alabama coal
operations.

On this basis, the Company remains confident that it will be able to significantly grow its production and sales for 2012 and beyond. Target production for 2012 is now estimated at 390,000 to 425,000 tons (previously 450,000 to 550,000 tons), up from 256,000 tons in 2011. The reduced target is the result of lower production from the Bear Creek mine (mine reconfiguration and development), from the Powhatan mine (mine transition to a new management team) and from the Gooden Creek mine (equipment failure). The deferral of the Davis mine into 2013 also contributes to the lower production target. These factors are partially offset by the acceleration of the start date of the Knight mine.
Further expansion and growth will continue to be pursued by either adding adjacent lands to our reserve portfolio or by pursuing accretive acquisitions with a focus on high quality thermal or metallurgical coal. The Company also has an option to purchase an additional 30% ownership in BCC within the next 2 years and the remaining 20% within 5 years. It is the Company's intention to exercise a portion of this option within the next 6 months.
In addition, the Company continues to pursue the development of the Buick Coal Property which holds significant coal resources, 188 million tons of indicated and 103 million tons of inferred coal resources, in Colorado, USA. In this context, CH2M HILL, an independent major engineering firm, has recently completed a study to identify alternative development opportunities for this resource and they recommended that the Company pursue two alternatives: the production of activated carbon or the gasification of the coal resource to produce liquid motor and/or jet fuels.
About CanAm Coal Corp.
CanAm is a coal producer 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 four operating coal mines in Alabama, 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.
Forward-Looking Information and Statements
This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "could", "should", "can", "anticipate", "estimate", "expect", "believe", "will", "may", "project", "budget", "plan", "sustain", "continues", "strategy", "forecast", "potential", "projects", "grow", "take advantage", "well positioned" or similar words suggesting future outcomes. In particular, this press release contains forward-looking statements relating to: the future production of the Powhatan mine; the permitting of the Davis mine; and the potential production at the Davis mine. This forward looking information is based on management's estimates considering typical strip mining operations, equipment requirements and availability and typical permitting timelines.
In addition, forward-looking statements regarding the Company are based on certain key expectations and assumptions of the Company concerning anticipated financial performance, business prospects, strategies, the sufficiency of budgeted capital expenditures in carrying out planned activities, the availability and cost of services, the ability to obtain financing on acceptable terms, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, and future costs and expenses being based on historical costs and expenses, adjusted for inflation, all of which are subject to change based on market conditions and potential timing delays. Although management of the Company consider these assumptions to be reasonable based on information currently available to them, these assumptions may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks that forward-looking statements will not be achieved. Undue reliance should not be placed on forward-looking statements, as a number of important factors could cause the actual results to differ materially from the Company's beliefs, plans, objectives and expectations, including, among other things: general economic and market factors, including business competition, changes in government regulations or in tax laws; the early stage development of the Company and its projects; general political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. These factors should not be considered exhaustive. Many of these risk factors are beyond the Company's control and each contributes to the possibility that the forward-looking statements will not occur or that actual results, performance or achievements may differ materially from those expressed or implied by such statements. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these risks, uncertainties and factors are interdependent and management's future course of action depends upon the Company's assessment of all information available at that time.
Forward -looking statements in respect of the future production of the Powhatan and BCC mines may be considered a financial outlook. These forward-looking statements were approved by management of the Company on May 30, 2012. The purpose of this information is to provide an operational update on the company's activities and strategies and this information may not be appropriate for other purposes.
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake and is not obligated to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless so required by 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.
Contacts:

CanAm Corporate Office:

Tim Bergen

Chief Executive Officer

403.262.3797

Toll Free: 1.877.262.5888

[e-mail]



Brisco Capital Partners:

Scott Koyich, Partner

403.262.9888

[e-mail]

[buddhabelly2]

COECF is trading above its 10 week simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest.
COECF is trading within its price channel.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI recently dropped to 60.61% from above the critical level of 70. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning.
COECF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.(DMI)
The ADX is below 20 which signifies that COECF is not trending. Therefore the Bullish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator..Williams %R recently dropped to -23.15% from above the critical level of -20. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning.

[buddhabelly2]

COECF is trading above its 10 week simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
COECF is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 week period.
Monday, COECF closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.13
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI recently dropped to 60.61% from above the critical level of 70. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning. The Williams Percent R recently dropped to -23.15% from above the critical level of -20. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning.
COECF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish

[buddhabelly2]

CanAm Coal Corp. (TSX VENTURE: COE) (OTCQX: COECF) ("CanAm" or the "Company") is pleased to announce that it has raised $282,900 through the exercise of 1,886,000 warrants with an exercise price of $0.15. The warrants were associated with a 2010 round of financing and 77% of warrants expiring on April 28, 2012 were exercised. Proceeds will be used for general operating purposes.

"We are extremely pleased with the continued support of our existing shareholders", said Tim Bergen, CEO of CanAm

[buddhabelly2]

COECF closed above its 10 week moving average. This is generally considered to be an indication of a bullish trend..Price Channel
COECF has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility. Additionally, COECF is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 week period.
COECF closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.13
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.

[buddhabelly2]

CanAm Coal Announces Completion of $153,000 Private Placement
Further to a press release dated March 13, 2012, CanAm Coal Corp. (TSX VENTURE: COE) (OTCQX: COECF) ("CanAm" or the "Company") is pleased to announce that it has completed the non-brokered private placement of 900,000 units at a price of $0.17 per unit for gross proceeds of $153,000. Each unit consists of one common share and one half common share purchase warrant. Each warrant is exercisable at $0.22 per common share for a period of two years from closing. This private placement was fully subscribed for by Mr. Scott Bolton, who has been appointed Chief Financial Officer of the Company, and by Mr. Timothy Nakaska, a director of the Company. All of the securities issued in connection with the private placement are subject to a four month and one day hold period (until July 22, 2012

[buddhabelly2]

COECF is trading above its 10 week moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.
COECF has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility. Additionally, COECF is trading near its upper price channel band. This suggests that the stock price is high relative to the action over the last 14 week period.
COECF is trading above the 0.13 Significant Point that would trigger a reversal of the Parabolic SAR's current bullish indication.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, which is currently at 74.09% and above the critical level of 70, suggests that COECF is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when COECF begins to lose strength and RSI dips below 70. (DMI)
The ADX is below 20 which signifies that COECF is not trending. Therefore the Bullish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator.

[buddhabelly2]

CanAm Coal is pleased to announce that it intends to complete a non-brokered private placement of up to 900,000 units at a price of $0.17 per unit for gross proceeds of up to $153,000. Each unit will consist of one common share and one half common share purchase warrant. Each warrant is exercisable at $0.22 per common share for a period of two years from closing. This private placement will be fully subscribed for by Mr. Scott Bolton, who has been appointed Chief Financial Officer of the Company, and by Mr. Timothy Nakaska, a director of the Company.

Proceeds of the private placement will be used for general operating purposes. The completion of the private placement is subject to regulatory approval. CanAm has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of the units to Mr. Nakaska and Mr. Bolton (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).

[buddhabelly2]

CanAm Coal Corp. (TSX VENTURE: COE)(OTCQX: COECF) ("CanAm" or the "Company") is pleased to provide an update on production and sales contracts for the fiscal year ended December 31, 2012.

The Company is estimating coal sales of between 450,000 to 550,000 tons for the 2012 fiscal year with a metallurgical/thermal coal mix of 20/80% respectively. This represents a 200,000 to 300,000 ton increase over 2011 estimated sales or the Company is forecasting to nearly double production in 2012. Up to 85% of this estimated 2012 production has been contracted for with a variety of customers including the Alabama Coal Cooperative and various industrial users. Sales contracts are for a minimum term of 3 years and some thermal coal production has been contracted for through 2017.

Pricing obtained by the Company for its high quality metallurgical and thermal coals has been extremely favorable and all prices are at higher levels than in 2011. On average, the estimated realized sales price for 2012 will be $100/ton with average price increases as follows:

-- Metallurgical coal: up 11%
-- Thermal coal - power customer: up 4%
-- Thermal coal - industrial customers: up 17%

"We are extremely pleased with our recently completed sales contracts as they provide us with both downside protection and earnings visibility for 2012 and beyond," said Tim Bergen, CEO of CanAm. "In addition, most of our contracts include cost inflation clauses which provide for additional protection in the event our major production cost components were to escalate in the next couple of years."

[buddhabelly2]

CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") held its Annual General and Special Meeting of Shareholders (the "AGM") on January 20, 2012 and is pleased to announce that all of the resolutions put forth at the AGM were approved with all resolutions receiving greater than 99% of the votes received for the resolution. The five members of the board of directors elected at the meeting are Jonathan Legg, Timothy J. Bergen, John Bergen, Robert G. Power and Timothy Nakaska. Information concerning the directors who were elected at the meeting and the matters that were approved by shareholders at the meeting can be found in CanAm's information circular dated December 9, 2011 and filed on SEDAR on December 23, 2011.

At the meeting, management also provided an investor update and the corporate presentation is posted on the Company's website at www.canamcoal.com.

The Company has changed its fiscal year end from January 31 to December 31 and therefore the current fiscal year ending December 31, 2011 will only have eleven months

[buddhabelly2]

CanAm Coal Corp. (TSX VENTURE: COE) (OTCQX: COECF) ("CanAm" or the "Company") has filed its unaudited condensed interim consolidated financial statements and related management's discussion and analysis for the three and nine month period ended October 31, 2011. Copies of these documents may be obtained via the SEDAR website.

With the primary focus of the Company on growing coal production and resources, the main activities of the CanAm team in the third quarter were devoted to successfully completing and integrating the 50% acquisition of Birmingham Coal & Coke ("BCC"), permitting of various tracts of land and identification of additional expansion opportunities. With 4 mines in operation; Bear Creek, Old Union, Gooden Creek and Powhatan, average coal sales are now in excess of 30,000 tons per month and the Company, once again, delivered record production, revenue, income and EBITDA (Earnings Before Interest Taxes Depreciation Amortization). A summary of key metrics for fiscal 2012 are as follows:

Period Production Revenues EBITDA
(in tons) (in $) (in $)
----------------------------------------------------------------------------
Q3 2012 94,261 8,729,604 1,744,787
Q2 2012 81,453 7,474,506 1,339,144
Q1 2012 30,655 3,233,121 867,870

"We continued to build our production levels in the third quarter and have seen coal sales grow from 30,655 tons in Q1 to 81,453 tons in Q2 and 94,261 tons in Q3. Year-to-date we have now surpassed coal sales of 200,000 tons as compared to 33,000 tons last year", said Tim Bergen, CEO of CanAm. "All of our key metrics continued their upward momentum and we delivered $8.7 million of revenue, $1.7 million of EBITDA and generated $1.5 million of cash flow from operations, before changes in non-cash working capital, during the quarter. Our cash position continues to be healthy with cash on hand of $5.0 million, including $1.8 million of restricted cash associated with reclamation deposits, at October 31, 2011".

Highlights and events for the third quarter include:
-- Achieved coal sales of 94,261 tons in Q3 or an increase of 82,853 tons
from last year's third quarter and an increase of 12,808 tons from the
previous quarter.
-- Achieved coal sales of 206,369 tons for the nine months of fiscal 2012
or a six-fold increase from last year;
-- Generated revenue of $8.7 million in Q3 as compared to $1.2 million in
Q3 of last year; Topped $19 million in revenue for nine months of fiscal
2012 as compared to $3.8 million last year;
-- Generated EBITDA of $1.7 million for Q3 as compared to $(0.1) million
last year and $4 million for nine months of fiscal 2012 as compared to
$0.2 million last year;
-- Delivered average EBITDA of $19/ton for the quarter and for the nine
months of fiscal 2012; Generated cash from operations of $0.9 million in
Q3 as compared to a use of cash from operations of $0.3 million last
year;
-- Converted approximately $0.75 million of the 12% convertible debenture
debt into common shares and raised additional funds as a result of the
exercise of warrants and options for proceeds of approximately $200,000.
Highlights and events subsequent to the quarter ended October 31, 2011
include:
-- Ordered additional new mining equipment; 2 excavators, 1 dozer and 3
trucks, in order to pursue organic growth opportunities for 2012 at both
the BCC mines and the Powhatan mine;
-- Completed the transfer of ASMC permit 3868 on the Powhatan mine;
-- Hired a major independent engineering firm to pursue alternative
development opportunities for the Buick Coal Property in Colorado;
-- Changed the Company's year-end from January 31 to December 31 and
therefore this fiscal year will be comprised of only 11 months ending
December 31, 2011. As such our fourth quarter will be comprised of 2
months.
Financial results for the three and nine month period ended October 31 were
as follows:
Three Month Period Nine Month Period
Ended October 31 Ended October 31
-----------------------------------------
2011 2010 2011 2010
Revenue 8,729,604 1,216,885 19,437,232 3,775,686
Income from mining operations 706,657 109,780 2,286,384 504,172
Profit (loss) before tax (i) -521,787 -331,992 -1,512,286 -309,636
Net profit (loss) -497,764 -342,647 -1,544,379 -361,311
EBITDA 1,744,787 -59,537 3,951,803 154,428
(i) YTD includes $0.8 M of one-time expenses relating to the BCC acquisition
& debenture financing
Mine operating results for the three and nine month period ended October 31
were as follows:
Three Month Period Nine Month Period
Ended October 31 Ended October 31
-----------------------------------------
2011 2010 2011 2010
Mettalurgical coal 13,175 7,562 43,203 25,928
Thermal coal 81,086 3,846 163,166 7,744
-----------------------------------------
Total 94,261 11,408 206,369 33,672
-----------------------------------------
-----------------------------------------
Coal sales revenue 8,729,604 1,180,199 19,437,232 3,644,084
Income from mining operations 706,657 109,780 2,286,384 504,172
EBITDA 1,744,787 -59,537 3,951,803 154,428
Coal sales (in tons) 94,261 11,408 206,369 33,672
Average coal price 93 103 94 108
Average cost of product sold 51 68 51 67
Average cost of royalties
transportation and other 18 24 18 25
Average income from mining 7 10 11 15
Average EBITDA 19 -5 19 5
Notes:
-- Averages are all presented on a per ton basis.
-- Through November 8, 2010, the Company only owned 49% of the mining
operations and therefore for the third quarter ended October 31, 2010,
all numbers represent CanAm's proportionate 49% share.
-- EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization
equals income from mining operations plus depreciation, depletion and
amortization minus general and administrative expenses. EBITDA is a
supplemental measure that is not presented in accordance with
International Financial Reporting Standards (IFRS). This non-IFRS
measure may not be comparable to the calculation of similarly titled
measures reported by other companies and should not be considered in
isolation, as an alternative to, or more meaningful than financial
measures calculated and reported in accordance with IFRS.
-- The Company previously reported EBITDA from mining but has substituted
this measure with simple EBITDA in order to be in line with reporting
measures used by other coal companies.

Coal Sales

Coal sales were 94,261 tons in the third quarter of fiscal 2012 as compared to 11,408 tons in Q3 of fiscal 2011 or an increase of 82,853 tons. The significant increase is mainly the result of the contribution of 59,027 tons of coal sales from BCC's three operating mines; Bear Creek, Old Union and Gooden Creek.

Coal sales at the Powhatan mine were up 17,869 tons or 256% from the comparable period in the previous year and up 10,098 tons or 53% from the second quarter. The ratio of metallurgical/thermal coal at the Powhatan mine was 45/55%, which is below the average coal mix of 60/40% as a result of geological inconsistencies encountered in the coal seams within the increment that is currently being mined.

For the nine month period ended October 31, 2011, coal sales were 206,369 tons as compared to 33,672 tons in fiscal 2011 or a six-fold increase. The ratio of metallurgical/thermal coal for the nine month period ended October 31, 2011 at the Powhatan mine was 55/45% as compared to 77/23% in fiscal 2011.

Revenue, Income and EBITDA

Revenue, income and EBITDA for the quarter were all up significantly as compared to the prior period as a result of the increased production following the acquisition of a 50% ownership stake in BCC and improved pricing on both metallurgical and thermal coal. Although prices for both coals increased, the average coal price was lower due to the Company's coal mix of 14/86% metallurgical/thermal coal as compared to 66/34% in the comparable prior period. The major shift in the coal mix is primarily due to the BCC acquisition which only mines high quality thermal coal. For the quarter, the Company realized an average sales price of $93/ton as compared to $103/ton in fiscal 2011. Production costs for the quarter were on average $51/ton as compared to $68/ton in fiscal 2011 with the decrease mainly coming from the lower production costs at the BCC mines. EBITDA was $1,744,787 as compared to $(59,537) in the third quarter of fiscal 2011.

For the nine month period ended October 31, 2011, the Company exceeded $19 million in revenue and generated approximately $4 million in EBITDA and changes from the prior year are mainly the result of the BCC acquisition and increased production at the Powhatan mine.

Revenue, income and EBITDA were negatively impacted from the strengthening of the Canadian dollar. Average exchange rate for the nine month period ended October 31, 2011 was US$1=CDN$0.9808 as compared to US$1=CDN$1.0373 in the comparable prior period.

Other Income (Expenses)

Other expenses for the three and nine month period ended October 31, 2011 were $1,228,444 (2011 - $441,772) and $3,798,670 (2011 - $813,808), respectively. The increase for the quarter was mainly the result of: higher general and administrative expenses as a result of the increased activity in the Company's operations and additional overhead following the acquisitions of BCC and RAC (+$271,000), interest and costs associated with the Company's 9.5% and 12% debenture (+$489,000), higher stock based compensation expenses (+$80,000) and higher equipment interest expense mainly as a result of the BCC acquisition (+$70,000). The increase was somewhat offset by a favourable impact of fluctuations in the US$/CDN$ foreign exchange (-90,000).

The Company's overall financial remained healthy as a result of the cash flow generated from mining operations and conversion of a portion of the 12% convertible debenture. Cash on hand at October 31, 2011 was $3.2 million as compared to $1.5 million at January 31, 2011. In addition, the Company provided $1.8 million in reclamation deposits as security for reclamation bonds. The Company continued its investment in its mining operations in Alabama and capital investment in equipment and mine development, excluding the BCC acquisition, for the nine months of fiscal 2012 was approximately $2.7 million. Additional reclamation deposits of approximately $0.3 million were also provided in the same period.

Outlook

Since November 2009, the Company has embarked on a strategy to become an emerging coal producer and in the last year the Company has successfully completed two acquisitions: gaining control of RAC Mining LLC, a predominantly metallurgical coal producer, and acquiring a 50% ownership stake in Birmingham Coal & Coke Inc., a predominantly thermal coal producer. As a result, CanAm's assets now comprise an ownership stake in:

-- 4 producing surface coal mines
-- 1 development mine
-- Permits and leases covering approximately 5,000 acres of land
-- Workforce of 110+ employees

With the acquisition of BCC completed, the Company is estimating coal sales of between 260,000 to 270,000 tons for this shortened fiscal year (11 months) ending December 31, 2011. This is in line with a previously provided target of coal sales, for the 12 month period ended January 31, 2012, of 300,000 to 325,000 tons. The Company also believes that it will continue to benefit from a strong pricing environment as a result of the high quality of both its metallurgical and thermal coal and existing off-take contracts for some of its metallurgical coal and the majority of its thermal coal. In addition, the Company is looking to organically grow its production in Alabama by increasing its existing capacity and adding adjacent land positions to its portfolio. The Company also has an option to purchase an additional 30% ownership in BCC within the next 2 years and the remaining 20% within 5 years.

In addition, the Company continues to pursue the development of the Buick Coal Property which holds significant coal resources, 188 million tons of indicated and 103 million tons of inferred coal 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). In this context, an independent major engineering firm has been retained to identify alternative development opportunities for this significant resource.

About CanAm Coal Corp.

CanAm is a coal producer 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 four operating coal mines in Alabama, 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.

Forward-Looking Information and Statements

This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws.

All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "could", "should", "can", "anticipate", "estimate", "expect", "believe", "will", "may", "project", "budget", "plan", "sustain", "continues", "strategy", "forecast", "potential", "projects", "grow", "take advantage", "well positioned" or similar words suggesting future outcomes. In particular, this press release contains forward-looking statements relating to: the future production of the Powhatan mine; the permitting of the Davis mine; and the potential production at the Davis mine. This forward looking information is based on management's estimates considering typical strip mining operations, equipment requirements and availability and typical permitting timelines.

In addition, forward-looking statements regarding the Company are based on certain key expectations and assumptions of the Company concerning anticipated financial performance, business prospects, strategies, the sufficiency of budgeted capital expenditures in carrying out planned activities, the availability and cost of services, the ability to obtain financing on acceptable terms, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, and future costs and expenses being based on historical costs and expenses, adjusted for inflation, all of which are subject to change based on market conditions and potential timing delays. Although management of the Company consider these assumptions to be reasonable based on information currently available to them, these assumptions may prove to be incorrect.

By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks that forward-looking statements will not be achieved. Undue reliance should not be placed on forward-looking statements, as a number of important factors could cause the actual results to differ materially from the Company's beliefs, plans, objectives and expectations, including, among other things: general economic and market factors, including business competition, changes in government regulations or in tax laws; the early stage development of the Company and its projects; general political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. These factors should not be considered exhaustive. Many of these risk factors are beyond the Company's control and each contributes to the possibility that the forward-looking statements will not occur or that actual results, performance or achievements may differ materially from those expressed or implied by such statements. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these risks, uncertainties and factors are interdependent and management's future course of action depends upon the Company's assessment of all information available at that time.

Forward -looking statements in respect of the future production of the Powhatan and BCC mines may be considered a financial outlook. These forward-looking statements were approved by management of the Company on December 22, 2011. The purpose of this information is to provide an operational update on the company's activities and strategies and this information may not be appropriate for other purposes.

The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake and is not obligated to publicly update such forward -looking statements to reflect new information, subsequent events or otherwise unless so required by 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.

Contacts:
CanAm Corporate Office:
Tim Bergen
Chief Executive Officer
403.262.3797 or Toll Free: 1.877.262.5888
[e-mail]

Brisco Capital Partners:
Scott Koyich
Partner
403.262.9888
[e-mail]


SOURCE: CanAm Coal Corp.

[buddhabelly2]

COECF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.17.
COECF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0.
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D.
According to the RSI which is currently at 29.49%, below the critical value of 30, COECF is oversold. This means that there has been significant recent downward momentum that is not sustainable. Although the stock may not begin to rally, selling pressure can not continue at this level..Williams Percent R
The %R is currently at -71.36% which indicates that the stock is neither overbought nor oversold. Note the trend of the %R to see if the internal strength of COECF is improving or weakening..Directional Movement Index (DMI)
The ADX is below 20 which signifies that COECF is not trending. Therefore the Bearish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator..Ultimate Oscillator
The Ultimate Oscillator is weakening as it has recently dropped below the critical level of 70 and now stands at 44.73%.

[buddhabelly2]

COECF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, COECF is neither overbought nor oversold.
The RSI is currently at 40.74% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of COECF is improving or weakening.
The %R is currently at -71.36% which indicates that the stock is neither overbought nor oversold. Note the trend of the %R to see if the internal strength of COECF is improving or weakening.
The Ultimate Oscillator is weakening as it has recently dropped below the critical level of 70 and now stands at 44.73%. While this signals that COECF is no longer overbought, the internal strength of the stock appears to be waning..

[buddhabelly2]

The Volume Rate of Change is currently spiking. This is a sign that a trend reversal may be under way...

[buddhabelly2]

Wednesday, COECF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.17..

[buddhabelly2]

COECF's MACD is currently indicating a weak bullish signal.

[buddhabelly2]

CanAm Reports Coal Sales of 94,000 Tons for Q3, Up 8-Fold from the Prior Year

[buddhabelly2]

COECF is within its Bollinger Bands. This is a normal condition suggesting that it is neither overbought nor oversold relative to the recent levels..Simple Moving Average (SMA)
COECF is substantially below its 50 day moving average. Although the moving average is still trending higher, it is likely that it will begin to follow the stock price lower..Exponential Moving Average (EMA)
COECF is below its 13 day moving average. This bearish sign is even more significant because the moving average is also trending lower..Parabolic Stop and Reverse (PSAR)
Wednesday, COECF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.17..Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, COECF is neither overbought nor oversold..Moving Average Convergence Divergence (MACD)
COECF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish..Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, COECF is neither overbought nor oversold..Relative Strength Index (RSI)
The RSI is currently at 49.58% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of COECF is improving or weakening..Williams Percent R
The %R is currently at -63.57% which indicates that the stock is neither overbought nor oversold. Note the trend of the %R to see if the internal strength of COECF is improving or weakening.Directional Movement Index (DMI)
The ADX is below 20 which signifies that COECF is not trending. Therefore the Bearish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator..Ultimate Oscillator
The Ultimate Oscillator is weakening as it has recently dropped below the critical level of 70 and now stands at 58.05%. While this signals that COECF is no longer overbought, the internal strength of the stock appears to be waning..Volume Rate of Change
The Volume Rate of Change is currently spiking. This is a sign that a trend reversal may be under way...

[buddhabelly2]

COECF- Investor section, under construction for a long time. I would think that would be a priority. - COECF

[buddhabelly2]

COECF- Simple Moving Average (SMA)
COECF is below its 10 week moving average. This bearish sign is even more significant because the moving average is also trending lower..Exponential Moving Average (EMA)
COECF is below its 13 week moving average. This bearish sign is even more significant because the moving average is also trending lower..Parabolic Stop and Reverse (PSAR)
Monday, COECF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.20.Weighted Moving Average (WMA)
COECF is below its 13 week moving average. This bearish sign is even more significant because the moving average is also trending lower..Weighted Moving Average (WMA)
COECF is below its 13 week moving average. This bearish sign is even more significant because the moving average is also trending lower..Bollinger Bands
COECF is within its Bollinger Bands. This is a normal condition suggesting that it is neither overbought nor oversold relative to the recent levels.Relative Strength Index (RSI)
The RSI is currently at 44.11% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of COECF is improving or weakening.Stochastics
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D and the oscillator recently moved above the critical value of 20 and is no longer oversold..Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, COECF is neither overbought nor oversold..Williams Percent R
The %R is currently at -75.71% which indicates that the stock is neither overbought nor oversold. Note the trend of the %R to see if the internal strength of COECF is improving or weakening.Directional Movement Index (DMI)
The +DI line is currently crossed with the -DI line. This is a signal that the recent bearishness shown by the Directional Movement Index is waning..Ultimate Oscillator
The Ultimate Oscillator is currently at 54.53% which indicates that the stock is neither overbought nor oversold. You should note the trend of the Ultimate Oscillator to see if the internal strength of COECF is improving or weakening..Moving Average Convergence Divergence (MACD)
The MACD for COECF currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-week moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower. - COECF

[buddhabelly2]

COECF- I sure wish this company would spend some money to get the word out- COECF

[buddhabelly2]

COECF-A little gain today-COECF

[buddhabelly2]

COECF-same old- COECF stock need some hype-COECF- The company is doing great no noise though- COECF

[buddhabelly2]

Not much happening lately, COECF

[buddhabelly2]

COECF- Nice buy today- Moving up- COECF

[buddhabelly2]

COECF- I give up. Not on the stock, but waiting for replys. COECF

[buddhabelly2]

COECF-

[buddhabelly2]

COECF- Volume is gone- COECF- Word needs to get out, of what is happening with this company-COECF

[buddhabelly2]

COECF- This company needs to get the word out. The TSX is nothing. They keep improving in every way, but no word comes out.-COECF

[buddhabelly2]

COECF- No Volume-COECF

[buddhabelly2]

COECF

[buddhabelly2]

COECF- Had reply, now I cant find my list of questions.-COECF

[buddhabelly2]

COECF

[buddhabelly2]

COECF- Left message with company. See if I can get some more info. -COECF

[buddhabelly2]

COECF- Good news but no one around to tell it to. :)

[buddhabelly2]

Something is not right? I just bought more, and it didnt show up. someone sold 500, and it showed. The MM (nite) games are afoot.

[buddhabelly2]

COECF- Profits up, just need to get the word out.

[buddhabelly2]

As good as their doing, youd think they could reply.

[buddhabelly2]

COECF- Had a reply from the Prez, but follow up has been ignored,SO FAR.

[buddhabelly2]

COECF- For goodness sakes go to the company site.

[buddhabelly2]

COECF- need some word of mouth on this gem.

[buddhabelly2]

COECF,COECF,COECF,COECF,COECF,COECF,COECF,COECF,COECF