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CanAm Reports Coal Sales of $7.5 million for Q2

CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF)

has filed its unaudited condensed interim consolidated financial statements and related management's discussion and analysis for the three and six month period ended July 31, 2011. Copies of these documents may be obtained via the SEDAR website.

Highlights and events for the second quarter include:

--Achieved coal sales of 81,453 tons in Q2 or an increase of 69,139 tons

from last year's second quarter and an increase of 50,798 tons from the

previous quarter.

--Achieved coal sales of 112,108 tons for the first half of fiscal 2012 or

a fivefold increase from last year;

--Generated revenue of $7.5 million in Q2 as compared to $1.4 million in

Q2 of last year;

--Topped $10 million in revenue for the first half of fiscal 2012 as

compared to $2.6 million last year;

--Generated EBITDA from mining operations of $1.9 million for Q2 as

compared to $0.3 million last year and topped $3 million for the first

half of fiscal 2012 as compared to $0.5 million last year;

--Delivered average EBITDA from mining of $23/ton for the quarter and

$27/ton for the first half of fiscal 2012;

--Generated cash from operations of $2.6 million in Q2 as compared to a

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,

Last: 0.17Range; 0.32-0.12Market Cap: 21.4 million

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