March 9, 2011 - CALGARY, AB - Cobalt Coal Corp. ("Cobalt" or the "Company") (TSX-V: CBT), is pleased to announce the engagement of Mr. Michael Marshall to provide investor relations activities for the Corporation. Mr. Marshall will assist the Corporation by providing introductions to investment groups and individuals and assisting the Corporation with investor and shareholder communications. Pursuant to the terms of the agreement (the "Agreement") dated as of March 7, 2011 between the Corporation and Mr. Marshall, the Corporation will grant Mr. Marshall 150,000 options at an exercise price of $0.11 per common share, will pay a monthly retainer of $5,000 and will reimburse Mr. Marshall for any reasonable expenses incurred. The Agreement is for a twelve (12) month term, which commenced on March 1, 2011.
Mr. Michael Marshall has worked with numerous clients ranging from mining, technology and oil and gas assisting them in their Investor Outreach Programs. Mr. Marshall has built strong relationships within the North American investment community as well as building strong relationships internationally.
The appointment of Mr. Marshall and the granting of the options is subject to TSX Venture Exchange approval.
About Cobalt:
Cobalt is a publicly traded coal exploration and production company headquartered in Calgary, Alberta, Canada with a regional office in Welch, West Virginia USA. Cobalt was created in August 2007 to capitalize on the growth opportunities that exist in the modem metallurgical coal mining industry.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION/SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For more information, please contact:
Mike Crowder
CEO, Cobalt Coal Corp.
Office: 304-436-2390
mike@newtechmining.eom
Robert Gillies
CFO, Cobalt Coal Corp.
Office: 403-538-8455
bob.gillies@sympatico.ca
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Cobalt. The forward-looking statements or information contained in this news release are made as of the date hereof and Cobalt does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.