KALG KAL Energy Inc (CE)

KAL Energy, Inc (OTCBB: KALG) (FWB: D9T) is pleased to announce it has completed the formation of its wholly owned Indonesian subsidiary, PT Kubar Resources. "After several months of work by our Indonesian management team and our legal partners, we are please to have received the approval from the Indonesian Ministry of Law and Human Rights for the formation of PT Kubar Resources. It is a key milestone in the development of KAL Energy as it enables us to broaden our commercial footprint in Indonesia. This will include taking in-house key activities as we continue to progress through the stages from exploration, reserve definition and feasibility to�production. "stated Mr. Cameron Reynolds, KAL Energy CEO. PT Kubar Resources is the in-country mining services company of KAL Energy established to commercialize its thermal coal concessions in East Kalimantan. It is 100% owned by KAL Energy, and shall be consolidated into future financial reports. KAL Energy, Inc. has rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to domestic and international markets. One of the concessions has a JORC Compliant Inferred Resource of 204 Million tonnes of thermal coal. With numerous other coal mines in East Kalimantan, including the world's largest thermal coal exporter Kaltim Prima Coal (KPC), KAL Energy's concessions are in a region that is known for its extensive open pit thermal coal producing mines and environmentally friendlier coal product. Indonesia has recently surpassed Australia as the world's leading thermal coal exporter, with prices varying from $30.00 to $60.00 plus per tonne. For more information on KAL Energy, Inc. please visit our web site at www.kalenergyinc.com Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.