<SEC-DOCUMENT>0000788965-16-000037.txt : 20160401
<SEC-HEADER>0000788965-16-000037.hdr.sgml : 20160401
<ACCEPTANCE-DATETIME>20160331192456
ACCESSION NUMBER:		0000788965-16-000037
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160331
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160401
DATE AS OF CHANGE:		20160331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLADOR ENERGY CO
		CENTRAL INDEX KEY:			0000788965
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		IRS NUMBER:				841014610
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34743
		FILM NUMBER:		161544572

	BUSINESS ADDRESS:	
		STREET 1:		1660 LINCOLN ST STE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264
		BUSINESS PHONE:		3038395505

	MAIL ADDRESS:	
		STREET 1:		1660 LINCOLN STREET
		STREET 2:		SUITE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALLADOR PETROLEUM CO
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK OIL & GAS CO /CO/
		DATE OF NAME CHANGE:	19900102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK INC
		DATE OF NAME CHANGE:	19860624
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>hnrg-20160331x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			hnrg_8k_03312016
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			<a name="_GoBack"></a><font style="display: inline;font-family:Arial;font-weight:bold;">UNITED STATES</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Washington, D.C. 20549</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">________________</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">FORM 8-K</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">CURRENT REPORT</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Pursuant to Section 13 or 15(d) of the</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Securities Exchange Act of 1934</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Date of report (Date of earliest event reported):</font><font style="display: inline;font-family:Arial;font-weight:bold;"> March 31, 2016 (March 22</font><font style="display: inline;font-family:Arial;font-weight:bold;">, 2016</font><font style="display: inline;font-family:Arial;font-weight:bold;">)</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;"><img src="hnrg-20160331x8kg001.jpg" style="width: 0.9666666in; height: 0.6444445in" alt="Picture 3"></font>
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			<font style="display: inline;font-family:Arial;"><img src="hnrg-20160331x8kg002.jpg" style="width: 0.7583333in; height: 0.7450295in" alt="Picture 8"></font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">HALLADOR ENERGY COMPANY</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">(Exact name of registrant as specified in its charter)</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;text-decoration:underline;">Colorado</font></p>
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						<font style="display: inline;font-family:Arial;text-decoration:underline;">001-3473</font></p>
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						<font style="display: inline;font-family:Arial;text-decoration:underline;">84-1014610</font></p>
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						<font style="display: inline;font-family:Arial;">(State or Other Jurisdiction</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">of Incorporation)</font></p>
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						<font style="display: inline;font-family:Arial;">(Commission</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">File Number)</font></p>
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						<font style="display: inline;font-family:Arial;">(IRS Employer</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Identification No.)</font></p>
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					<p style="margin:0pt;line-height:normal;text-align:center;font-family:Calibri;overflow: hidden;">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;line-height:normal;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;text-decoration:underline;">1660 Lincoln Street, Suite 2700, Denver Colorado</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:normal;text-align:center;font-family:Calibri;overflow: hidden;">
						&nbsp;</p>
					<p style="margin:0pt;line-height:normal;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;text-decoration:underline;">80264-2701</font></p>
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					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">(Address of principal executive offices)</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">(Zip Code)</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Registrant&#x2019;s telephone number, including area code: 303-839-5504</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>
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						&nbsp;</p>
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						<font style="display: inline;">&nbsp;</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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				<td valign="top" style="width:75.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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				<td valign="top" style="width:03.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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				<td valign="top" style="width:03.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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				<td valign="top" style="width:75.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
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		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;">1 &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;;font-size: 11pt"><font style="display: inline;font-family:Arial;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;vertical-align:top;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">Item 8</font><font style="display: inline;font-family:Arial;font-weight:bold;">.01 &#x2013; </font><font style="display: inline;font-family:Arial;font-weight:bold;">Other Events</font><font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;">See below.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">Item 9.01 &#x2013; Financial Statements and Exhibits</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 11pt">
			<font style="display: inline;font-family:Arial;">99 - </font><font style="display: inline;font-family:Arial;">See press release dated</font><font style="display: inline;font-family:Arial;">&nbsp;</font><font style="display: inline;font-family:Arial;">March 22</font><font style="display: inline;font-family:Arial;">, 2016,</font><font style="display: inline;font-family:Arial;">&nbsp;</font><font style="display: inline;font-family:Arial;text-decoration:underline;">Sunrise Coal Closes Purchase of Coal Sales Agreements and Coal Reserves from Triad Mining</font><font style="display: inline;font-family:Arial;text-decoration:underline;">.</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">SIGNATURE</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;">Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font>
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						&nbsp;</p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;">HALLADOR ENERGY COMPANY</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
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						<font style="display: inline;font-family:Arial;">Date: </font><font style="display: inline;font-family:Arial;">March 3</font><font style="display: inline;font-family:Arial;">1, 2016</font></p>
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						<font style="display: inline;font-family:Arial;">/s/</font><font style="display: inline;font-family:Arial;">&nbsp;</font><font style="display: inline;font-family:Arial;">W. ANDERSON BISHOP</font><font style="display: inline;font-family:Arial;">&nbsp;</font></p>
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						<font style="display: inline;font-family:Arial;">W. Anderson Bishop, CFO and CAO</font></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>hnrg-20160331xex99.htm
<DESCRIPTION>EX-99
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.17.1.24-->
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<html>
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		<title>
			Ex99
		</title>
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	<body><div style="margin-left:36pt;margin-right:36pt;">
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 10pt">
			<a name="_GoBack"></a><font style="font-style:italic;display: inline;font-family:Arial;font-weight:bold;font-style:normal;font-size:10pt;">EXHIBIT 99</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">FOR IMMEDIATE RELEASE</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Sunrise Coal Closes Purchase of Coal Sales Agreements and Coal Reserves from Triad Mining</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Denver, Colorado &#x2013; March 22, 2016 - (NASDAQ:&nbsp; HNRG) &#x2013; Today, Hallador Energy Company&#x2019;s wholly owned subsidiary, &nbsp;Sunrise Coal, LLC (Sunrise), completed the purchase of certain underground coal reserves and a coal sales agreement associated with Triad Mining, LLC&#x2019;s (Triad) Freelandville mining complex.&nbsp; Triad is a wholly owned subsidiary of Blackhawk Mining, LLC based in Lexington, Kentucky. The Freelandville complex is located in Sullivan and Knox Counties, Indiana.&nbsp; As part of the transaction, Sunrise is purchasing more than 14 million tons of proven and probable leased and owned coal reserves and associated advanced royalties in addition to rights under a coal sales agreement that extends through 2017.&nbsp; In consideration for the sale, Triad will receive $18.25 million.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">The table below reflects contracted sales positions for the next four years and includes coal sales purchased from Triad in addition to new sales made since filing our 10K on March 11, 2016.&nbsp; All sales will be shipped from the Oaktown, Carlisle or Ace in the Hole mines.&nbsp; </font>
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						<font style="display: inline;">&nbsp;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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				<td valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="3" valign="bottom" style="width:33.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:32.54pt">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Minimum Tons To Be Sold</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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				<td colspan="3" valign="bottom" style="width:33.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:32.54pt">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Maximum Tons To Be Sold</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="bottom" style="width:12.52%;height:32.54pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Average</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:03.36%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="bottom" style="width:10.40%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Priced</font></p>
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				<td valign="bottom" style="width:12.62%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">(Unpriced)</font></p>
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				<td valign="bottom" style="width:10.40%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Total</font></p>
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				<td valign="bottom" style="width:03.36%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="bottom" style="width:12.18%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Priced</font></p>
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				<td valign="bottom" style="width:11.64%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">(Unpriced)</font></p>
				</td>
				<td valign="bottom" style="width:09.60%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Total</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.52%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Estimated</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:10.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Year</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Tons</font></p>
				</td>
				<td valign="bottom" style="width:12.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Tons</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Tons</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Tons</font></p>
				</td>
				<td valign="bottom" style="width:11.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Tons</font></p>
				</td>
				<td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Tons</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:17.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0.9pt 0.9pt 0pt 0.9pt;height:17.60pt">
					<p style="margin:0pt;line-height:105%;text-align:center;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Prices</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:10.54%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">2016</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.40%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,972 </font></p>
				</td>
				<td valign="bottom" style="width:12.62%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>
				</td>
				<td valign="bottom" style="width:10.40%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,972 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.18%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,186 </font></p>
				</td>
				<td valign="bottom" style="width:11.64%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>
				</td>
				<td valign="bottom" style="width:09.60%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,186 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.52%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 43.08 </font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:10.54%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">2017</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.40%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,175 </font></p>
				</td>
				<td valign="bottom" style="width:12.62%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389 </font></p>
				</td>
				<td valign="bottom" style="width:10.40%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,564 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.18%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,985 </font></p>
				</td>
				<td valign="bottom" style="width:11.64%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581 </font></p>
				</td>
				<td valign="bottom" style="width:09.60%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,566 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.52%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 42.87 </font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:10.54%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">2018</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.40%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,560 </font></p>
				</td>
				<td valign="bottom" style="width:12.62%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,199 </font></p>
				</td>
				<td valign="bottom" style="width:10.40%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,759 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.18%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,210 </font></p>
				</td>
				<td valign="bottom" style="width:11.64%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,791 </font></p>
				</td>
				<td valign="bottom" style="width:09.60%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,001 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.52%;height:16.80pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 44.03 </font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:10.54%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">2019</font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:10.40%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,300 </font></p>
				</td>
				<td valign="bottom" style="width:12.62%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,009 </font></p>
				</td>
				<td valign="bottom" style="width:10.40%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,309 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.18%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,550 </font></p>
				</td>
				<td valign="bottom" style="width:11.64%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,001 </font></p>
				</td>
				<td valign="bottom" style="width:09.60%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,551 </font></p>
				</td>
				<td valign="bottom" style="width:03.36%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:12.52%;height:1.85pt;padding:0pt;">
					<p style="margin:0pt;line-height:105%;font-family:Palatino Linotype;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 44.55 </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">All reserves purchased in the transaction are contiguous to the Oaktown 1 Mine reserve and will be mined from the Oaktown 1 Mine portal.&nbsp; The purchase of the Freelandville reserves grants Sunrise access to tons they already controlled but did not previously include in their reserve base.&nbsp; Thus, Oaktown 1 Mine reserves increase as follows:</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:356.40pt;margin-left:30.6pt;">
			<tr>
				<td valign="top" style="width:112.50pt;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="5" valign="top" style="width:232.10pt;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Oaktown 1 Controlled Reserves</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:112.50pt;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.80pt;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:67.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Proven</font></p>
				</td>
				<td valign="top" style="width:11.10pt;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:73.30pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Probable</font></p>
				</td>
				<td valign="top" style="width:11.10pt;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:68.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:13.05pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Total</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:112.50pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">As of 3/21/16</font></p>
				</td>
				<td valign="top" style="width:11.80pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:67.70pt;height:13.05pt;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">28.0&nbsp;
				</td>
				<td valign="top" style="width:11.10pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:73.30pt;height:13.05pt;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">12.6&nbsp;
				</td>
				<td valign="top" style="width:11.10pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:68.90pt;height:13.05pt;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">40.6&nbsp;
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:112.50pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">As of 3/22/16</font></p>
				</td>
				<td valign="top" style="width:11.80pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:67.70pt;height:13.05pt;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">38.5&nbsp;
				</td>
				<td valign="top" style="width:11.10pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:73.30pt;height:13.05pt;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">17.9&nbsp;
				</td>
				<td valign="top" style="width:11.10pt;padding:0pt 6.5pt 0pt 6.5pt;height:13.05pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:68.90pt;height:13.05pt;font-family:Arial;font-size:10pt;text-align:right;" nowrap="nowrap">56.4&nbsp;
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-indent:36pt;line-height:100%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Hallador&#x2019;s President and CEO, Brent Bilsland, stated, &#x201C;This transaction increases our reserve base at our lowest cost mine and creates a solid foundation of sales going forward.&nbsp; We feel this investment ensures the low cost position of the Oaktown mine and solidifies the employment of our dedicated miners.&#x201D;&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Hallador is headquartered in Denver, Colorado and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basin for the electric power generation industry. To learn more about Hallador or Sunrise, visit our websites at </font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">www.halladorenergy.com</font><font style="display: inline;font-family:Arial;font-size:10pt;"> or </font><font style="display: inline;font-family:Arial;color:#000000;font-size:10pt;">www.sunrisecoal.com</font><font style="display: inline;font-family:Arial;font-size:10pt;">.</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 8pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">CONTACT:</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 8pt">
			<font style="display: inline;font-family:Arial;font-size:8pt;">Rebecca Palumbo, Vice President</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 8pt">
			<font style="display: inline;font-family:Arial;font-size:8pt;">Corporate Affairs and Administration</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 8pt">
			<font style="display: inline;font-family:Arial;font-size:8pt;">303-839-5504 ext. 316</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 8pt">
			<font style="display: inline;font-family:Arial;color:#000000;font-size:8pt;">rpalumbo@halladorenergy.com</font><font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-size:12pt;">#&nbsp; #&nbsp; #&nbsp; #&nbsp; #&nbsp; #&nbsp; #</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 11pt">

			<font style="display: inline;">1</font>

		</p>

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;;font-size: 12pt"><font style="display: inline;font-size:12pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 11pt">

			<font style="display: inline;">2</font>

		</p>

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
