Colonial Coal International Corp. Provides Corporate Update
This news release is intended for distribution in Canada only and is not intended for
distribution to United States newswire services or dissemination in the United States.
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COLONIAL COAL INTERNATIONAL CORP.
Suite 200 -595 Howe Street, Vancouver, British Columbia, Canada, V6C 2T5
Telephone: (604) 568-4962
NEWS RELEASE
COLONIAL COAL INTERNATIONAL CORP. PROVIDES CORPORATE UPDATE
Vancouver, B.C., Canada – May 31, 2017 – Colonial Coal International Corp. (TSX -V: CAD)
(the “ Corporation” or “ Colonial Coal ”) is pleased to announce that it has recently and
successfully concluded negotiations to acquire 3D seismic data covering approximately 32.51 sq.
km. of the Company’s Flatbed coking coal property.
The seismic data extends through the upper, coal -bearing sections of the stratigraphic succession
that underlies the property and covers one of the main target areas. This target area was one of
several identified by an independent consultant’s review of the property (previously announced
on January 28, 2013) and forms the prime focus for drilling this summer.
Initial evaluation and interpretation of the seismic data is now underway. The primary purpose
of this work is to confirm drill targets and refine coal seam depth estimates for exploration
budget purposes.
Company staff are moving ahead with exploration planning, particularly in regard to contractor
selection, contract preparation and ensuring adherence to all government permit regulations and
requirements. A site visit is planned shortly to assess field conditions and to lay -out an arterial
exploration trail.
In addition, r ecent corporate activities, undertaken i n conjunction with the company’s investor
relations consultant, O&M Partners, have included:
A marketing trip along the eastern seaboard of the United States, during which
multiple presentations were made to current and prospective shareholders, fund
managers and brokers; and
One “town-hall” style meeting, conducted by telephone, for similar participants;
with further “town-hall” meetings being scheduled for the future.
This news release has been reviewed by John Perry, a director of the Company and a Qual ified
Person as defined in National Instrument 43-101.
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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 Columbia, within which our
Corporation’s projects are located, hosts a number of proven deposits and has been the subject of
M&A activities by Xstrata, Walter Energy, Anglo-American and others.
Additional information can be found on the Corporation’s websi te www.ccoal.ca or by viewing
the Corporation’s filings at www.sedar.com.
For further information please contact:
Colonial Coal International Corp.
David Austin, President and CEO
604.568.4962
www.ccoal.ca
Forward-Looking Information
Information set forth in this news release involves forward-looking statements, including statements relating to the Corporation’s
potential sale of an interest in its Flatbed Property . Forward-looking statements are statements that relate to future, not past,
events. In this context, forward -looking statements often address a Corp oration’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”, “should”, or “will” be taken or o ccur, 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 diff erent from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks:
risks associated with marketing and sale of securities; the need for additional fi nancing; reliance on key personnel; the potential
for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price
and volume. Forward-looking statements are made based on management’s bel iefs, estimates and opinions on the date that
statements are made and except as required by law, the Corporation undertakes no obligation to update forward -looking
statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against
attributing undue certainty to forward-looking statements.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE CORPORATION AS OF THE DATE OF THIS 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 CORPORATION MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES
LEGISLATION.
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.
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