Coal

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National Coal Corporation Completes Recently Announced Acquisition
Tuesday October 26, 6:08 pm ET


KNOXVILLE, Tenn.--(BUSINESS WIRE)--Oct. 26, 2004--National Coal Corp. (OTCBB:NLCP - News), a coal producer operating in Eastern Tennessee, is pleased to announce its wholly-owned subsidiary, National Coal Corporation, has completed the acquisition of certain mining assets of Robert Clear Coal Corporation, a coal mining company located on 7,000 acres of land in the Elk Valley area of Eastern Tennessee, for a purchase price of $5.5 million, plus the assumption of certain current liabilities. Additionally, the company will replace approximately $3.9 million of the seller's reclamation and other bonds for the acquired properties. The acquired assets include leases, permits and mining equipment.
National Coal expects to commence mining operations on all approved and permitted sites immediately. Reclamation work currently associated with the site, as well as all future mining operations, will be guided by the Company's environmentalist to ensure that all reclamation and mining is performed in accordance with National Coal's high standards.

About National Coal Corp.

National Coal Corp., through its wholly-owned subsidiary, National Coal Corporation, owns coal mineral rights on approximately 75,000 acres in Eastern Tennessee. For more information, visit www.nationalcoal.com.

http://biz.yahoo.com/bw/041026/266239_1.html