14 October 2014Company Announcements OfficeAustralian Securities ExchangeLevel 6, 20 Bridge StreetSYDNEY NSW 2000Via E Lodgement Cancellation of admission to trading on AIMThe board of Continental Coal Limited (ASX:CCC; AIM:COOL)("Continental" or "theCompany") refers to its corporate update announcement dated 10 October advisingthat it has been presented with offers from third parties interested inacquiring its 74% interest in its South African subsidiary Continental CoalLimited SA ("CCL SA"). The Board is finalising legal advice with regards to ascenario whereby an accepted offer is announced and Shareholders are thenoffered the opportunity to have their funds returned from the Rights Issue,remain in a new raising by way of a supplementary prospectus or participate inthe new raising given the change in circumstances which some Shareholders maywant to participate in as opposed to the previous Rights Issue. As aconsequence of this development, Continental has deferred finalising thecompletion of any refinancing of the Company through the current Rights Issueprocess.Given the timetable for completion of the refinancing or sale of the Company's74% interest in CCL SA, the Company is unable to restore its securities totrading on AIM in the immediate short term. As the Company's securities havealso been suspended from trading on AIM for over six months, under therequirements of Rule 41 of the AIM Rules for Companies Continental's admissionto trading on AIM will be cancelled, effective 7am Wednesday, 15 October 2014.Appropriate arrangements will be made for all security holders whose securitiesare currently traded as Depository Interests on AIM to be registered on theCompany's Australian register of members and for them to be able to trade theirsecurities on the ASX when reinstatement post recapitalisation occurs. TheCompany's registrar, Computershare Investor Services Pty Ltd, will write to allDepository Interest holders to advise as to the process for the termination ofDepository Interests.In the meantime however, if any of those security holders have any questionsthey should contact the Company's Registrar, Computershare Investor ServicesPty Ltd.For and on behalf of the BoardPeter LandauExecutive DirectorFor further information please contact:Investors | Shareholders Media (Australia)Peter Landau David TaskerContinental Coal Limited Professional Public RelationsT: + 61 8 9488 5220 T: +61 8 9388 0944E: [email protected] E : [email protected] Advisor Brokers(UK)Oliver Morse/Trinity McIntyre Jonathan WilliamsRFC Ambrian Limited RFC Ambrian LtdT: +61 8 9480 2500 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 two operating mines, the Vlakvarkfontein and Penumbra CoalMines, producing approx. 2Mtpa of thermal coal for the export and domesticmarkets. A Feasibility Study was also completed on a proposed third mine, theDe Wittekrans Coal Project with a mining right granted in September 2013.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. South Africa Australia T +27 11 881 1420 F +27 862064487 W T +61 8 9488 5220 F +61 8 9324 3400 W www.conticoal.com www.conticoal.com 9th Floor Fredman Towers, 13 Fredman Ground Floor, 1 Havelock Street, West Drive, Sandton 2196 Perth, WA 6005 PO Box 787646, Sandton 2146 PO Box 684, West Perth, WA 6872 Interim Executive Chairman: Dr Paul D'Sylva Interim Executive Director: Mr Peter Landau Non-Executive Directors: Mr Connie Molusi and Dr Lars Schernikau