Dr. James Young reports

MICROCOAL TECHNOLOGIES ANNOUNCES MANAGEMENT CHANGES

Microcoal Technologies Inc.'s board of directors has unanimously approved several changes to the senior management of Microcoal.

Appointment of new chief executive officer

Microcoal is pleased to announce the appointment of Lawrence Siegel as Microcoal's chief executive officer effective immediately. Slawomir Smulewicz, the current chief executive officer and vice-president, will be stepping down from both positions but will remain as a director of the company until the company's next meeting of shareholders.

Mr. Siegel is a seasoned business executive with significant management experience, including four years as the president of Seeburg (Nasdaq), four years as the president of Atari (American Stock Exchange), two years as president of U.S. Digital Communications (Nasdaq), two years with THQ (Nasdaq), and several other Canadian and American public companies. Mr. Siegel's blue chip consulting clients have included Sony, Mattel, Bally, WMS, Scientific Games and Sega.

Dr. James Young, chairman of the board, stated: "We are very pleased that Larry has agreed to take on this critical role at the company. This is an important step for the company as it moves forward on its first full-scale facility in Indonesia, begins the commercial phase of its evolution and seeks to enter into additional agreements worldwide. Larry's wealth of experience, combined with his proven track record of success in increasing shareholder value in past companies he has been involved with, makes him the ideal person to oversee the next phase of development for Microcoal."

Mr. Siegel commented: "I am looking forward to working with the board and the management team of Microcoal. The company's proprietary coal drying technology is remarkable, and the board and management have made great progress in advancing the validation of the technology with its commercial implementation. Microcoal has made significant advances over the last several quarters, and I am highly optimistic about the future of this company."

Dr. Young added: "Slawek has been a terrific asset to Microcoal, and we value his input to date. The board thanks Slawek for his services and tireless dedication to our company."

Resignation of president

Microcoal also announced today the resignation of Stanislaw Lis as president of the company effective immediately. Mr. Lis will remain as a director of Microcoal. Dr. Young stated: "We appreciate the contributions Stan has made to the company and believe that it has a solid foundation for future growth. On behalf of the board, I would like to thank Stan for his efforts and wish him the best in his future endeavours."

Effective Jan. 31, 2014, Microcoal also reduced its non-essential consultants and other staff, who will be engaged solely on an hourly or daily-rate basis as needed from time to time, to focus its resources on completing the construction and start-up phases of its Indonesian commercial plant.

We seek Safe Harbor.