16 January 2014
ASX Limited - Perth Office
Level 8, Exchange Plaza
2 The Esplanade
Perth WA 6000

APPOINTMENT OF INDEPENDENT FINANCIAL ADVISOR

Continental Coal Limited (ASX: CCC; AIM: COOL) ("the Company") appointed Deloitte, Perth as independent financial advisor to conduct a solvency review on the Company as part of the ongoing recapitalization efforts of the Company. This assignment will include a review of the overall funding and restructuring strategy as well as a balance sheet and working capital review. Deloitte will be presenting their findings to the Board of Directors early next week and advise the Board on appropriate steps to be taken given their assessment of the financial position of the Company.
For and behalf of the Board

Don Turvey
Chief Executive Officer
For further information please contact:

Investors/ shareholders

Don Turvey
Chief Executive Officer
Lou van Vuuren
Chief Financial Officer
T: +27 11 881 1429
E: admin@conticoal.com
W: www.conticoal.com

South  Africa   Australia  

T+27  11  881  1420  F   +27  862064487    W   www.conticoal.com T   +61  8    9389  2111    F   +61  8  9389  2199    W   www.conticoal.com

9th  Floor  Fredman  Towers,  13  Fredman  Drive,  Sandton  2196   Ground  Floor,  20  Kings  Park  Road,    West  Perth,  WA  6005  

PO  Box  787646,  Sandton  2146   PO  Box  1153,  West  Perth,  WA  6872  

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