CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") held
its Annual General and Special Meeting of Shareholders (the "AGM") on November
30, 2012 and is pleased to announce that all of the resolutions put forth at the
AGM were approved with all resolutions receiving greater than 99% of the votes
received for the resolution. The six members of the board of directors elected
at the meeting are Jonathan Legg, Timothy J. Bergen, Robert G. Power, Timothy
Nakaska, Steve Somerville and Jos De Smedt. Information concerning the directors
who were elected at the meeting and the matters that were approved by
shareholders at the meeting can be found in CanAm's information circular dated
October 23, 2012 and can be viewed on SEDAR. 


At the meeting, management also provided an investor update and the corporate
presentation is posted on the Company's website at www.canamcoal.com.


About CanAm Coal Corp.

CanAm is a coal producer and development company focused on growth through the
acquisition, exploration and development of coal resources and resource-related
technologies. 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. 


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanAm Corporate Office
Jos De Smedt
President & CEO
403.262.3797 or Toll Free: 1.877.262.5888
jdesmedt@canamcoal.com
www.canamcoal.com


Brisco Capital Partners
Scott Koyich
Partner
403.262.9888
scott@briscocapital.com