Calgary, AB - February 3, 2014 - CanAm Coal Corp. (TSXV: COE), (OTCQX: COECF) ("CanAm" or the "Company") is pleased to report full year 2013 coal sales of 682,000 tons. This compares to sales of 560,000 tons in the prior year, an increase of 122,000 tons or 22%. This increase is a result of the strength of our long term customer base and the addition of new contracts that the Company obtained in 2013.
Company President and CEO, Jos De Smedt commented: "We are extremely pleased at our ability to grow sales by 22 percent in a very difficult environment for coal producers around the world. We attribute our record success to three important variables, the high quality of our coal, the expansion and loyalty of our great customers, and the dedication of our entire Team. This record growth includes a Q4 that was only up 10% year over year largely due to extended plant maintenance and year-end inventory management with a few of our key customers.
As we enter 2014 we feel very confident that our pattern of record sales and double digit growth will continue into 2014 and beyond. Recent record cold temperatures in our sales market, and pending EPA changes affecting the US power sector bode well for future demand for Canam's high quality coal."
About CanAm Coal Corp.
CanAm is a coal producer and development company focused on growth through the acquisition, exploration and development of coal resources. CanAm's main activities and assets include its 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.
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