Mr. David Austin reports

COLONIAL COAL ANNOUNCES RESULTS OF AGM AND APPOINTMENTS

Colonial Coal International Corp. has released the results of the company's annual general meeting (AGM), held on Dec. 11, 2024, in Vancouver, B.C.

At the AGM, shareholders voted to re-elect David Austin, Ian Downie, Anthony Hammond, John Perry, Gregory Waller and Partha S. Bhattacharyya as directors of the company for the ensuing year.

In addition, at the AGM, shareholders also approved the reappointment of PricewaterhouseCoopers LLP, chartered professional accountants, as the company's auditor and authorized the directors to fix the auditor's remuneration.

Furthermore, at the AGM, shareholders also approved the continuation of the company's current share option plan, which is dated Dec. 15, 2022, for reference.

For more information on these matters, please refer to the company's AGM information circular, which is available on SEDAR+.

Following the AGM, the board of directors met and confirmed the appointment of the following company executive officers:

• Mr. Austin as chairman, president and chief executive officer;
• Mr. Perry as chief operating officer;
• Andrea Yuan, corporate secretary and chief financial officer;
• The reappointment of Mr. Downie (chairman), Mr. Austin and Mr. Hammond to the company's current audit committee.

The board would like to thank the shareholders for their continuing support.

About Colonial Coal International Corp.

Colonial Coal is a publicly traded coal corporation in British Columbia that focuses primarily on coking coal projects. The northeastern coal block of British Columbia, within which the corporation's projects are located, hosts a number of proven deposits and has been the subject of M&A (merger and acquisition) activities by Anglo-American and others.

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