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CAD.V ·

Colonial Coal International Corp.+

Corporate Updates

LEGAL_30649679.1

COLONIAL COAL INTERNATIONAL CORP.+

Suite 200 -595 Howe Street, Vancouver, British Columbia, Canada, V6C 2T5

Telephone: (604) 568-4962

NEWS RELEASE

COLONIAL COAL ANNOUNCES ENGAGEMENTS OF

CANACCORD GENUITY CORP. AND MAXIT CAPITAL

Vancouver, B.C., Canada – February 11, 2019 – Colonial Coal International Corp. (TSX-V: CAD)

(the “ Company” or “ Colonial Coal ”). David Austin, Colonial Coal’s President and CEO, is

pleased to announce that the Company has engaged each of Canaccord Genuity Corp. (“Canaccord

Genuity”) and Maxit Capital (“Maxit”) as the Company’s financial advisors.

Canaccord Genuity is a leading independent global investment ba nk who provides innovative

corporate and advisory solutions that are tailored to helping t heir clients achieve a wide range of

strategic and financial goals. Canaccord Genuity is also able to offer cross-border capabilities

based on their global perspective and sector insights.

Maxit Capital is a leading independent mining investment bank a nd its highly experienced team

of professionals has a long track-record of success sourcing an d executing on some of the largest

and most complex transactions in the natural resource industry.

Mr. Austin stated: “We are ext remely pleased to have an opportu nity to work with each of

Canaccord Genuity and Maxit in order to bring greater potential value to our shareholders, as we

expect that Canaccord Genuity’s innovative and global perspecti ves, coupled with Maxit’s

specialized knowledge, will ensure that we are provided with ve ry professional, experienced,

trusted and unbiased advice in the best interests of our company going forward”.

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 news release.

About Colonial Coal International Corp.

Colonial Coal is a publicly traded coal corporation in British Columbia that focuses primarily on

coking coal projects. The northeast Coal Block of British Colu mbia, within which our

Corporation’s projects are located, hosts a number of proven de posits and has been the subject of

M&A activities by Anglo-American and others. Additional inform ation can be found on the

Company's website www.ccoal.ca or by viewing the Company's filings at www.sedar.com.

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LEGAL_30649679.1

Forward-Looking Information

Information set forth in this news release may involve forward- looking statements. Forward-

looking statements are statements that relate to future, not pa st, events. In this context, forward-

looking statements often address a company's expected future business and financial performance,

and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend",

statements that an action or event "may", "might", "could", "sh ould", or "will" be taken or occur,

or other similar expressions. By their nature, forward-looking statements involve known and

unknown risks, uncertainties and other factors which may cause our actual results, performance or

achievements, or other future events, to be materially differen t from any future results,

performance or achievements expr essed or implied by such forwar d-looking statements. Such

factors include, among others, the following risks: risks assoc iated with marketing and sale of

securities; the need for additional financing; reliance on key personnel; the potential for conflicts

of interest among certain officers or directors with certain ot her projects; and the volatility of

common share price and volume. F orward-looking statements are m ade based on management's

beliefs, estimates and opinions on the date that statements are made and except as required by law,

the Company undertakes no oblig ation to update forward-looking statements if these beliefs,

estimates and opinions or other circumstances should change. In vestors are cautioned against

attributing undue certainty to forward-looking statements.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE

REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF TH IS

NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.

READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING

INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY

OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO

UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN

ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

For further information please contact:

Colonial Coal International Corp.

Shane Austin

604.568.4962

[email protected]

www.ccoal.ca