CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") is
pleased to announce that it has entered into operating facilities totaling $3
million with a major US Bank. These 1 year revolving loan facilities bear an
interest rate of Libor + 3%, which currently approximates 3.2%.


The facilities will be used for issuing letters of credit pertaining to the
Company's reclamation bonding program as well as for general operating purposes.
In addition, the Company's bonding agency has agreed to accept letters of credit
for the majority of bonds issued by the Company thereby substantially
eliminating the requirement for the Company to maintain cash collateral.


"This is the first time in its history that CanAm has been able to secure an
operating facility from a major financial institution," said Scott Bolton, Chief
Financial Officer of CanAm. "This is further evidence that we are establishing
ourselves as an emerging coal producer with a sustainable and profitable
business model."


About CanAm Coal Corp. 

CanAm is a coal producer and development company focused on growth through the
acquisition, exploration and development of coal resources. CanAm's main
activities and assets include its operating coal mines in Alabama which produce
high quality metallurgical and thermal coal for sale into the local power and
industrial markets. 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


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