EastCoal Announces Approval of Court Application

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 17, 2014) - EastCoal Inc. (TSX-VENTURE:ECX)(AIM:ECX) ("EastCoal" or the "Company") announces that on January 16, 2014 the Supreme Court of British Columbia (the "Court") issued a court order approving the Company's application for the sale of its subsidiaries as announced on January 16, 2104 (the "Disposals"). In addition, the Court issued the Company with a 46 day extension to make a proposal to its creditors under the Bankruptcy and Insolvency Act (Canada) ("BIA"). The extension has the effect of allowing the Company until March 3, 2014 in which to make a proposal to creditors.

The Company has also received conditional approval of the TSX Venture Exchange for the Disposals.

EastCoal Inc.Abraham JonkerPresident+1 (604) 681-8069info@eastcoal.cawww.eastcoal.caCenkos Securities plcAlan Stewart/Derrick Lee+44 (0) 131 220 6939

Eastcoal (TSXV:ECX)
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