CanAm Forecasts 2013 Sales of Between 700,000 to 900,000 Tons, or Growth of Between 50% and 100% Over 2012

CanAm Coal Corp. (TSX VENTURE:COE)(OTCQX:COECF) ("CanAm" or the "Company") is
pleased to provide an update on sales volumes, contracting and pricing for the
fiscal year ending December 31, 2012.




                                                                            
                            2013 Sales Forecast                             
----------------------------------------------------------------------------
                                          Tons                   % increase 
2010                                    48,000                              
2011                                   263,000                          448%
2012                                   455,000                           73%
----------------------------------------------------------------------------
2013                        700,000 to 900,000                     54% - 98%
----------------------------------------------------------------------------
Note: CanAm consolidates its 80% ownership in Birmingham Coal & Coke (BCC), 
following the acquisition of an additional 30% interest effective July 1,   
2012. Accordingly, the table presents sales information on a consolidated   
basis and includes 100% of BCC volumes sold (or forecast to be sold) since  
July 1, 2012.                                                               



The Company is estimating 2013 coal sales of between 700,000 to 900,000 tons, an
increase of approximately 250,000 to 450,000 tons over 2012. The significant
increase is attributable to the following factors:




--  A full year impact of the Company's increased ownership position in BCC,
    which was effective July 1, 2012. 
--  Increased production from the Company's three new mines: Old Union 2,
    Knight and Posey Mill 2. 



Realized sales for 2013 are a function of the timing associated with the
completion of mine development and build out of our new mines. Old Union 2 and
Knight are currently producing but not at full production yet and Posey Mill 2
is targeted to start production in April. That said, we expect to have reached
full production at all mines before the end of the second quarter.


Sale contracts and customers

The Company has 2013 sales commitments for at least 750,000 tons. Accordingly,
the Company's 2013 production is substantially hedged and, depending on actual
production levels as discussed above, 2013 tonnage is sold at between 85 to
100%. Sales are to five key customers with 40% of sales into the power market
and 60% to industrial users. All sales are into the local Alabama market with
the majority of our customers' facilities within a short haul of our current
mines.


In late 2012, the Company was awarded two new thermal sales contracts and
shipments to these industrial customers started in January 2013. The Company is
excited about these newly established relationships as they further diversify
our customer base. Both of these customers operate in the local Alabama market
and the Company believes it has an opportunity to grow volumes with each
customer, over time.


In February 2013, the Company and its primary metallurgical coal customer
mutually agreed to terminate their sales contract due to coal specification
issues. The termination impacts about 4,000 tons per month of production. The
Company anticipates that it will be able to market this high quality coal to
other customers. A number of off take contracting opportunities are being
investigated.


The majority of the Company's key contracts are in place through 2014, with the
power contract expiring in 2015. Negotiations are currently underway to further
extend the power contract through 2020.


Pricing

2013 pricing is unchanged for the majority of contracted volumes although
certain volumes will see modest price decreases (less than than 5%). The
Company's new contracts have pricing in a consistent range to its existing
contracts. Accordingly, average 2013 thermal pricing is expected to be
consistent with 2012.


The termination of the Company's primary metallurgical contract will likely
result in lower average metallurgical coal pricing for the year. However, the
impact on overall average pricing (metallurgical and thermal combined) will be
modest as the contract only represented a minor portion of total forecasted 2013
sales volumes.


"We are very excited about the Company's positioning for 2013. We anticipate
sales volume growth of at least 50% and, depending on when our new mines reach
full production, we have the potential to as much as double production over
2012. As well, substantially all of this production is sold at premium pricing
because of the high quality of our coal and the markets we serve," said Jos De
Smedt, President & CEO. "With our 3 new mines now open or close to open, an
excellent customer base and an almost fully contracted sales position through
2014, an updated equipment fleet and a high quality coal product, we are excited
by our future prospects."


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 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

This press release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "could", "should", "can",
"anticipate", "estimate", "expect", "believe", "will", "may", "project",
"budget", "plan", "sustain", "continues", "strategy", "forecast", "potential",
"projects", "grow", "take advantage", "well positioned" or similar words
suggesting future outcomes. In particular, this press release contains
forward-looking statements relating to future production at the RAC Mining LLC
("RAC") and Birmingham Coal & Coke ("BCC") mines. This forward-looking
information is based on management's estimates considering typical strip mining
operations, equipment requirements and availability and typical permitting
timelines.


In addition, forward-looking statements regarding the Company are based on
certain key expectations and assumptions of the Company concerning anticipated
financial performance, business prospects, strategies, the sufficiency of
budgeted capital expenditures in carrying out planned activities, the
availability and cost of services, the ability to obtain financing on acceptable
terms, the actual results of exploration projects being equivalent to or better
than estimated results in technical reports or prior exploration results, and
future costs and expenses being based on historical costs and expenses, adjusted
for inflation, all of which are subject to change based on market conditions and
potential timing delays. Although management of the Company consider these
assumptions to be reasonable based on information currently available to them,
these assumptions may prove to be incorrect.


By their very nature, forward-looking statements involve inherent risks and
uncertainties (both general and specific) and risks that forward-looking
statements will not be achieved. Undue reliance should not be placed on
forward-looking statements, as a number of important factors could cause the
actual results to differ materially from the Company's beliefs, plans,
objectives and expectations, including, among other things: general economic and
market factors, including business competition, changes in government
regulations or in tax laws; the early stage development of the Company and its
projects; general political and social uncertainties; commodity prices; the
actual results of current exploration and development or operational activities;
changes in project parameters as plans continue to be refined; accidents and
other risks inherent in the mining industry; lack of insurance; delay or failure
to receive board or regulatory approvals; changes in legislation, including
environmental legislation, affecting the Company; timing and availability of
external financing on acceptable terms; conclusions of economic evaluations; and
lack of qualified, skilled labour or loss of key individuals. These factors
should not be considered exhaustive. Many of these risk factors are beyond the
Company's control and each contributes to the possibility that the
forward-looking statements will not occur or that actual results, performance or
achievements may differ materially from those expressed or implied by such
statements. The impact of any one risk, uncertainty or factor on a particular
forward-looking statement is not determinable with certainty as these risks,
uncertainties and factors are interdependent and management's future course of
action depends upon the Company's assessment of all information available at
that time.


Forward-looking statements in respect of the future production of the RAC and
BCC mines may be considered a financial outlook. These forward-looking
statements were approved by management of the Company on January 23, 2013. The
purpose of this information is to provide an operational update on the company's
activities and strategies and this information may not be appropriate for other
purposes.


The forward-looking statements contained herein are expressly qualified in their
entirety by this cautionary statement. The forward-looking statements included
in this press release are made as of the date of this press release and the
Company does not undertake and is not obligated to publicly update such
forward-looking statements to reflect new information, subsequent events or
otherwise unless so required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanAm Corporate Office:
Jos De Smedt
President & CEO
403.262.3797 or Toll Free: 1.877.262.5888
jdesmedt@canamcoal.com


Brisco Capital Partners:
Scott Koyich
Partner
403.262.9888
scott@briscocapital.com
Benz Capital (TSXV:BCC)
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