CanAm Acquires New Coal Leases Totaling 574 Acres

CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") is
pleased to report that between April 1 and June 30, 2012, its 50% owned
affiliate Birmingham Coal & Coke ("BCC"), has acquired the mineral and surface
mining rights under a "fee simple" arrangement of three properties totaling 574
acres. These coal properties are adjacent to the Old Union Mine and are an
integral part of the Old Union 2 mine complex that is currently being permitted.


The first of the fee simple mining rights was acquired from the State of
Alabama; Department of Conservation and Natural Resources (the "State"), through
a competitive bid process. The lease was described by the State in the public
notification process as follows; "containing 324 acres, more or less, with
214.49 mineable acres, more or less as reflected on a map available from the
state land division. The estimated recoverable reserve quantity is 401,525.28
tons of coal. The Department of Conservation and Natural Resources guarantees no
quantities." The State lease is for a term of 5 years. 


The second fee simple property is referred to by the Company as the Baccus
property and is adjacent to the State property and the Old Union mining complex.
It consists of 170 acres in total with a management estimate of 121 minable
acres. The lease has an indefinite term that runs until the mining and
reclamation are completed. 


The third fee simple property is another State lease totaling 80 acres with 28
acres of minable land. This lease was also obtained through a competitive bid
process, has a term of 5 years and is an integral part of the Old Union mining
complex. 


All properties have been partially permitted by BCC prior to the acquisition of
the fee simple mining rights and the Company is not anticipating any issues in
the completion of the permits. The coal on each of these properties is
considered to have the same qualities/characteristics as the coal that is
currently being mined from the Old Union mine. On average, the proximate
analysis has indicated 9% ash, 1.0% sulfur and 12,400 BTU/lb. These average
values are consistent with the assays reported from drilling, mine face sampling
and product deliveries. (See NI 43-101 report dated July 2011 on www.sedar.com).


"The acquisition of additional coal leases that are within or adjacent to our
current mines is an integral part of our growth story", said Tim Bergen, CEO of
CanAm. "In addition, we believe that these lands hold good quality coals that
fit well within our product portfolio and are in demand by our customers." 


About CanAm Coal Corp.

CanAm is a coal producer and development company focused on growth through the
acquisition, exploration and development of coal resources and resource-related
technologies. CanAm's main activities and assets include its four operating coal
mines in Alabama, the exclusive rights to a proprietary Coal to Liquids
technology which converts coal into liquid fuels (such as oil, jet fuel) at an
economical cost with zero airborne emissions and the Buick Coal Project which
holds significant coal resources, 188 million indicated and 103 million inferred
resources, in Colorado, USA (see the technical report entitled "Limon Lignite
Project, Elbert County, Colorado, USA," dated October 26, 2007 and filed on
SEDAR on November 2, 2007). Other coal and related opportunities continue to be
evaluated on an ongoing basis. 


Forward-Looking Information and Statements

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.


This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, is
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the Company's disclosure documents on the SEDAR website at
www.sedar.com. The Company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.
Benz Capital (TSXV:BCC)
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