CHINA COAL CORPORATION ANNOUNCES THE CLOSING OF THE NON-BROKERED PRIVATE PLACEMENT FINANCING

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

CALGARY, April 18 /CNW/ - China Coal Corporation ("China Coal" or the "Company") (CKO/TSX-Venture Exchange) is pleased to announce that the TSX Venture Exchange has approved and the Company has closed a non-brokered private placement, in total consisting of the sale of 1,692,470 units at a price of $0.30 per unit, each unit to consist of one China Coal common share and one-half (1/2) of a non-transferable share purchase warrant, with each whole warrant to entitle the holder to purchase one additional China Coal common share at a price of $0.60 for a period of two years from closing.

The share purchase warrants to be issued as part of the units are subject to an acceleration expiry if at any time the closing price of CKO's shares is $1.50 or greater for a period of 20 consecutive trading days, the Company may, in its sole discretion, provide written notice of acceleration of the expiry date of all, but not less than all, of the share purchase warrants to the warrantholders and issue a news release on the date of such notice, publicly announcing such acceleration in the expiry date of these warrants, in which event these warrants would expire 30 calendar days after the giving of such notice.

China Coal will pay a finder's fee of 10% to eligible parties under this private placement.  The securities to be issued under the private placement will be subject to a four month hold period from the date of closing, until August 18, 2011, in accordance with applicable securities legislation.

About China Coal Corporation

China Coal is a newly organized public company that started trading on the TSX Venture Exchange under the name "China Coal Corporation" on June 11, 2010, following the completion in May 2010 of a "Qualifying Transaction" pursuant to the provisions of Exchange Policy 2.4 ("Capital Pool Companies") by JYW Capital Corp., a former "capital pool company." China Coal is focused on the acquisition of existing producing, or formerly producing, coal mines, properties, and related assets in China.  As indicated above, it is in the process of acquiring the newly-built Mei Feng coal mine in Xinjiang Province.  The Company will provide capital to increase production, enhance productivity, and focus on compliance with Chinese safety regulations.  These cash-flowing properties supply coal to one of the fastest growing economies in the world.  China relies on coal to supply approximately 70% of its primary energy consumption.

On behalf of the Board of Directors

CHINA COAL CORPORATION

"Mark Roth"

Chief Financial Officer and Director

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

For further information:

Head Office:
+1403 452 8806;  FAX +1403 452 8892
Brad Bloomer, Corporate Development, +1613 851 5156

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China Coal Corporation

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