Colonial Coal Provides Update ON Flatbed Exploration
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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 PROVIDES UPDATE ON FLATBED EXPLORATION
Vancouver, B.C., Canada – Oc tober 30, 2017 – Colonial Coal International Corp. (TSX-V:
CAD) (the “Corporation” or “Colonial Coal”) is pleased to provide the following update on the
Company’s recent exploration activities undertak en on its Flatbed Coal Property located in
north-eastern British Columbia.
The primary objectives of the exploration wo rk were to identify potentially underground
mineable coal resources within the Gates Formation (which hosts established surface and
underground mineable coking coal reserves and res ources on a number of projects to the south,
west and northwest of the Flatbed property) and to establish initial coal quality parameters.
Activities focused on the north-western portion of the property, which hosts one of the main
target areas identified by the Company’s inde pendent consultant (p reviously announced in
January 2013).
Exploration was carried out between late July and early October 2017. Work focussed upon the
drilling of five, widely-spaced, HQ-size diamond drill holes on four separate drill sites for a total
of approximately 2,830 m of drilling. Associated activities included: down-hole geophysical
logging; geological core description; coal (plus seam roof and floor) core sampling; geotechnical
logging, sampling, and on-site testing; plus limited geological mapping. Core samples have now
been submitted to Birtley Coal and Minerals Testi ng (Calgary, Alberta) for coal quality analysis
and to Golder Associates Ltd. (Burnaby, B.C.) for geotechnical testing.
Colonial has retained Norwest Corp. (of Salt La ke City, Utah) to undertake a report compliant
with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral
Properties (“NI 43-101”), which will incorporate all the data acquired during the 2017 Flatbed
exploration program plus additiona l data from certain historical oil/gas exploration wells. The
Company expects the technical report to be completed during the winter of 2017.
David Austin, President and CE O of Colonial, commented on th e Company’s recent exploration
activities as follows: “I am very pleased with our recent exploration activities at Flatbed and we
expect our results and related NI 43-101 report to be very positive going forward”.
This news release has been reviewed by John Pe rry, a director of the Company and a Qualified
Person as defined in NI 43-101.
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About Colonial Coal International Corp.
Colonial Coal is a publicly traded coal corporati on in British Columbia that focuses primarily on
coking coal projects. The nor theast 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 f ound on the Corporation’s website 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 releas e involves forward-looking statements, including statements relating to the Corporation’s
potential sale of an interest in its Flat bed Property. Forward-looking statements are statements that relate to future, not pa st,
events. In this context, forward-looking statements often ad dress a Corporation’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 occur, or other similar expressions. By their natu re,
forward-looking statements involve know n and unknown risks, uncertainties and othe r factors which may cause our actual
results, performance or achievements, or ot her future events, to be materially diffe rent from any future results, performance o r
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 n eed for additional financing; re liance on key personnel; the poten tial
for conflicts of interest among certain offi cers or directors with cert ain other projects; and the volatility of common share p rice
and volume. Forward-looking statements ar e made based on manage ment’s beliefs, estimates a nd opinions on the date that
statements are made and except as re quired 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 RELEA SE REPRESENTS THE
EXPECTATIONS OF THE CORPORATI ON AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. RE ADERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT R ELY 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 Re gulation 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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