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CAD.V ·

Colonial Coal was recognized as a Venture 50 company in 2019. The Venture 50 logo is a trademark of TSX Inc. and is used under license. COLONIAL COAL INTERNATIONAL CORP.

Marketing Announcement

Colonial Coal was recognized as a Venture 50 company in 2019.

The Venture 50 logo is a trademark of TSX Inc. and is used under license.

COLONIAL COAL INTERNATIONAL CORP.

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

Telephone: (604) 568-4962

NEWS RELEASE

UNAWARE OF ANY MATERIAL CHANGE

Vancouver, B.C., Canada, June 22, 2020 – Colonial Coal International Corp. (TSX-V: CAD)

(the “Company” or “Colonial”) announces that, at the request of IIROC, the Company wishes to

confirm that the Company’s management is unaware of any material change in the Company’s

operations that would account for the recent increase in market activity.

Neither the TSX Ven ture 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.

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

Company’s projects are located, hosts a number of proven deposits and has been the subject of

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

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

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 past, events. In this context, forward -looking statements often address a

company's expected future busi ness 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",

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"should", or "will" be taken or occur, or other similar express ions. 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 different 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 financing; 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

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

undertakes no obligation to update forward -looking statements if these beliefs, estimates and opinions or other

circumstances should change. Investors are cautioned against attribu ting 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 THIS NEWS RELEASE AND, ACCORDINGLY,

IS SUBJECT TO CHANGE AFTER SUCH DATE. READER S 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