CALGARY, ALBERTA -- (Marketwired) -- 08/26/13 -- CanAm Coal Corp. (TSX VENTURE: COE)(OTCQX: COECF) ("CanAm" or the "Company") is pleased to report preliminary coal sales for the month of July 2013 of approximately 67,500 tons. This establishes another record for the Company and represents a 10% increase over June sales of approximately 61,500 tons. With initial mine development and transition now completed, monthly production/sales from the Company's four mines should be between 60,000 to 70,000 tons per month. This represents a substantial increase from average actual Q1 and Q2 sales of approximately 50,000 and 56,000, respectively.
Company President and CEO, Jos De Smedt commented: "We are extremely pleased with our July production/sales results as the hard work of our team to transition from mine development to steady state production has resulted in another record month in the history of our Company. With all of our mines now in full production mode and all of this production fully contracted for by our customers, we have a great start to the second half of 2013.
The Company is expected to release its second quarter full financial results at the end of August 2013.
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.
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.
Forward-Looking Information and Statements
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.
CanAm Corporate Office:
Jos De Smedt
President & CEO
403.262.3797 or Toll Free: 1.877.262.5888
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