China Coal Corporation announces resumption of trading

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, July 24, 2012 /CNW/ -China Coal Corporation ("China Coal" "CKO" or the "Company") (CKO/TSX-Venture Exchange) announces that a bulletin will be issued today by the TSX Venture Exchange authorizing resumption of trading of the Company's shares for start of business on Wednesday, July 25, 2012.

The Company's shares were halted for trading on February 8, 2012, on announcing that it was intending to discontinue pursuit of operations in the Peoples' Republic of China ("PRC") by proposing that the shareholders of the Corporation (the "Shareholders") approve a dividend disposition to the Shareholders, of the Company's sole asset, being the shares of the wholly owned subsidiary Golden Hill International Holdings Limited. That dividend distribution was subsequently cancelled by CKO, but at that time the Company was still subject to a continuous disclosure review, initiated during the second half of 2011 by the Alberta Securities Commission. That review is now concluded, and thus the TSX Venture Exchange is lifting the trading halt.

On behalf of the Board of Directors

"Mark Roth"
Chief Financial Officer

CHINA COAL CORPORATION

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

WARNING: This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

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 NEWS RELEASE.

SOURCE: China Coal Corporation

[email protected]
[phone]; FAX [phone]
675 - 340 12th Avenue S.W.
Calgary, Alberta, Canada
T2R 1L5