13 January 2014By e-lodgement EXTENSION OF VOLUNTARY SUSPENSIONContinental Coal Limited (ASX: CCC; AIM: COOL) ("the Company") requests thecontinuation of the voluntary suspension of its securities as the Company isstill finalising its efforts to complete a recapitalization of the Company thatwill allow it to settle its Convertible Notes that mature from November 2013 toFebruary 2014 as well as other creditors.The Company has made progress in its discussions with holders of ConvertibleNotes, other creditors, royalty holders and various investor groups in relationto a comprehensive recapitalization of the Company and remains optimistic aboutreaching an agreement between all parties that will allow the company tocontinue trading as a going concern. The Directors would like to acknowledgethe continued understanding demonstrated to date by creditors and financierswhile the Company seeks to complete the recapitalization.If no acceptable restructure and/or refinancing arrangements can be agreed inthe near term, the Board considers that the appointment of a voluntaryadministrator to the Company in Australia may be necessary, as it will haveinsufficient funds to meet the repayment obligations on the Convertible Notesand other creditors.The Company expects to update stakeholders on the recapitalization of theCompany on Monday 20 January 2014.For and behalf of the BoardDon TurveyChief Executive OfficerFor further information please contact:Investors/ shareholdersDon TurveyChief Executive OfficerLou van VuurenChief Financial OfficerT: +27 11 881 1429E: admin@conticoal.comW: www.conticoal.comMedia (Australia)David TaskerProfessional Public RelationsT: +61 8 9388 0944Nominated AdvisorStuart LaingRFC Ambrian LimitedT: +61 8 9480 2500BrokersJeremy Wrathall / Chris Sim Jonathan WilliamsInvestec Bank plc RFC Ambrian LtdT: +44 20 7597 4000 T : +44 203 440 6817About Continental Coal LimitedContinental Coal Limited (ASX:CCC/AIM: COOL) is a South African thermal coalproducer with a portfolio of projects located in South Africa's major coalfields including three operating mines, the Vlakvarkfontein, Ferreira andPenumbra Coal Mines, producing approx. 2.2Mtpa of thermal coal for the exportand domestic markets. A Feasibility Study was also completed on a proposedfourth mine, the De Wittekrans Coal Project.Forward Looking StatementThis communication includes certain statements that may be deemed"forward-looking statements" and information. All statements in thiscommunication, other than statements of historical facts, that address futureproduction, reserve potential, exploration drilling, exploitation activitiesand events or developments that the Company expects to take place in the futureare forward-looking statements and information. Although the Company believesthe expectations expressed in such forward-looking statements and informationare based on reasonable assumptions, such statements are not guarantees offuture performance and actual results or developments may differ materiallyfrom those in the forward-looking statements and information. Factors thatcould cause actual results to differ materially from those in forward-lookingstatements include market prices, exploitation and exploration successes,drilling and development results, production rates and operating costs,continued availability of capital and financing and general economic, market orbusiness conditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developments may differmaterially from those stated.