Phoenix Coal to host fiscal 2009 second quarter financial results conference call and update on strategic review



    LOUISVILLE, KY, Aug. 7 /CNW/ - Phoenix Coal Inc. (TSX: PHC) ("Phoenix" or
"the Company"), a leading producer and consolidator of thermal coal reserves
in the Illinois Basin, announces that it will host a conference call on
Monday, August 17, 2009 at 8:30 a.m. ET to discuss the Company's fiscal 2009
second quarter financial results and to provide an update on the review of
strategic options for the Company. David Wiley, President and Chief Executive
Officer, and Dustin Angelo, Chief Financial Officer, will co-chair the call. A
press release announcing the quarterly results will be issued at 4:30pm ET on
August 14, 2009.
    All interested parties can join the call by dialing 416-644-3428 or
1-800-590-1508. Please dial in 15 minutes prior to the call to secure a line.
The conference call will be archived for replay until Monday, August 24, 2009
at 11:59 p.m. ET. To access the archived conference call, please dial
416-640-1917 or 1-877-289-8525 and enter the reservation code 21311773
followed by the number sign.
    A live audio webcast of the conference will be available at
www.phxcoal.com and www.newswire.ca. Please connect at least 15 minutes prior
to the conference call to ensure adequate time for any software download that
may be required to join the webcast. An archived replay of the webcast will be
available for 365 days.

    About Phoenix Coal Inc.

    Phoenix Coal Inc. is an integrated mining company producing high sulphur,
low chlorine, bituminous coal from the Illinois Basin. To address the
increasing demand for energy in the Eastern United States as well as in the
export market, Phoenix Coal is pursuing production growth through the focused
acquisition, consolidation, and extraction of coal assets. Phoenix Coal
currently operates surface coal mines in Muhlenberg County, Kentucky and a
barge loading facility on the Green River. Development plans for additional
surface operations, as well as an underground mine, are underway. The
Company's executive offices are located in Louisville, KY and its operational
headquarters are stationed in Madisonville, KY. For additional information,
visit www.phxcoal.com.

    FORWARD-LOOKING STATEMENTS

    Certain information set forth in this press release contains
"forward-looking statements" and "forward-looking information" under
applicable securities laws. Except for statements of historical fact, certain
information contained herein constitutes forward-looking statements which
include management's assessment of Phoenix's future plans and operations and
are based on Phoenix's current internal expectations, estimates, projections,
assumptions and beliefs, which may prove to be incorrect. Some of the
forward-looking statements may be identified by words such as "expects"
"anticipates", "believes", "projects", "plans", and similar expressions. These
statements are not guarantees of future performance and undue reliance should
not be placed on them. Such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause Phoenix's actual
performance and financial results in future periods to differ materially from
any projections of future performance or results expressed or implied by such
forward-looking statements, without limitations, which forward-looking
statements included the production run rate Phoenix expects to achieve at full
production. These risks and uncertainties include, but are not limited to:
liabilities inherent in coal mine development and production; geological,
mining and processing technical problems; Phoenix's inability to obtain
required mine licenses, mine permits and regulatory approvals required in
connection with mining and coal processing operations; dependence on third
party coal transportation systems; competition for, among other things,
capital, acquisitions of reserves, undeveloped lands and skilled personnel;
incorrect assessments of the value of acquisitions; changes in commodity
prices and exchange rates; changes in the regulations in respect to the use of
coal; the effects of competition and pricing pressures in the coal market; the
oversupply of, or lack of demand for, coal; currency and interest rate
fluctuations; various events which could disrupt operations and/or the
transportation of coal products, including labor stoppages and severe weather
conditions; the demand for and availability of rail, port and other
transportation services; changes in mineral reserve and mineral resource
estimates; and management's ability to anticipate and manage the foregoing
factors and risks. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Phoenix undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change except as required by
applicable securities laws. The reader is cautioned not to place undue
reliance on forward-looking statements.

    
    The TSX has neither approved nor disapproved of the contents of this
    press release.
    





For further information:

For further information: Joanna Longo, The Equicom Group, Investor
Relations, (416) 815-0700 ext. 233, jlongo@equicomgroup.com; Stephen McLean,
Phoenix Coal Inc., Director of Corporate Communications, (502) 587-5900,
info@phxcoal.com

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