Update on Exploration Activities for Colonial

Update on Exploration Activities for Colonial 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/06/12 -- Colonial
Coal International Corp. (TSX VENTURE:CAD) (the "Company" or
"Colonial") provides the following update on the Company's
exploration activities during the last few months. 
Colonial's exploration activities completed during the summer and
autumn of 2012 included diamond drilling (6 HQ-size holes for 964
metres) and rotary drilling (11 holes for 602 metres). An additional
19 large diameter (combined rotary-core) holes were also drilled for
a total of 898 metres; all of which produced approximately 154 metres
of 152.4 mm (6") diameter core. 
Most of the Company's recent HQ-core drilling was carried out within
the southern half of the South Block with a view to raising the
resource classification for that portion of the Block (currently
classified as Inferred) to Indicated or better. Two holes drilled
within the central-western parts of the Middle Block were located to
better define fault repeated coal measures below the Pika Fault. 
Large diameter drilling was carried out in the central portions of
the North Block. Multiple cores were taken, mostly from the five main
coal seams, in order to obtain a larger quantity of coal for detailed
attrition and washability analysis and for subsequent carbonization
testing. 
Colonial has retained Norwest Corp. (of Salt Lake City, Utah) to
undertake a Preliminary Economic Assessment which will incorporate
data acquired in 2012. Norwest expects the report to be completed in
Spring, 2013. 
David Austin, President and CEO of Colonial, commented on the
Company's recent activities as follows. "I am very pleased with our
recent exploration activities and the results anticipated to come.
With our company's already established Measured and Indicated
resources in excess of 189 Mt, together with our Inferred resource in
excess of 194 Mt, of high value coking coal, we expect our updated
results and related Preliminary Economic Assessment to be very
positive going forward." 
This press release has been reviewed by John Perry, a director of the
Company and a Qualified Person as defined in National Instrument
43-101. 
About Colonial Coal International Corp. 
Colonial is a publicly traded pure-play coking coal company in
British Columbia. The northeast Coal Block of British Columbia,
within which our Company's projects are located, hosts a number of
proven deposits and has been the subject of M&A activities by
Xstrata, Walter Energy, Anglo and others. 
Additional information can be found on the Company's website
www.ccoal.ca or by viewing the Company's filings at www.sedar.com. 
Forward-Looking Information 
Information set forth in this news release may involve
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uncertainties and other factors which may cause our actual results,
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different from any future results, performance or achievements
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include, among others, the following risks: risks associated with
marketing and sale of securities; the need for additional financing;
reliance on key personnel; the potential for conflicts of interest
among certain officers or directors with certain other projects; and
the volatility of common share price and volume. Forward-looking
statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and except as required
by law, the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change. Investors are cautioned against
attributing undue certainty to forward-looking statements. 
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.
READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER
DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE
THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN
ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Colonial Coal International Corp.
Perry Braun
604.568.4962
pbraun@ccoal.ca 
Colonial Coal International Corp.
Shane Austin
604.568.4962
saustin@ccoal.ca
www.ccoal.ca