Resource Capital Fund V L.P. Acquires Shares of Forbes & Manhattan Coal Corp.

DENVER, Oct 6 /CNW/ - Resource Capital Fund V L.P. ("RCF V") announces that at the completion of the reverse take-over transaction (the "Transaction") between Forbes & Manhattan (Coal) Inc. ("Forbes Manhattan") and Forbes & Manhattan Coal Corp. (formerly Nyah Resources Corp.) ("Forbes") and as a result of a previous investment in Forbes Manhattan, it has acquired 5,357,143 common shares of Forbes or 20.9% of the issued and outstanding shares of Forbes.  Prior to the closing of the Transaction RCF V held 5,357,143 common shares of Forbes Manhattan.

As a result of the Transaction, RCF V now controls 5,357,143 common shares of Forbes representing approximately 20.9% of the issued and outstanding common shares of Forbes.

The shares of Forbes Manhattan (and ultimately Forbes) were acquired by RCF V for investment purposes.  Depending upon market conditions and other factors that RCF V may deem material to its investment decisions, additional shares may be purchased in the open market or in private transactions.  Depending on these same factors, shares currently owned (or hereafter acquired) by RCF V may be sold in the open market or in private transactions.

For further information:

concerning the foregoing or a copy of the Early Warning Report referred to in this release, please contact:

Brian Dolan
RCF Management L.L.C.
Tel: [phone]