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Old 10-16-2012, 11:40 AM   Nav to Top  #1
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Exclamation UCL Sells 500 Tons Of Coal Extracted On Experimental Basis From Exploratory Adits

Source: http://bit.ly/V4r63Q

Vancouver, British Columbia, Canada, October 15, 2012 –United Coal Holdings Ltd. ("UCL" or the Company" - TSX-Venture: UCL – Frankfurt: JM6 – OTC Markets: CQPFF) is pleased to announce that it has extracted 500 tons of coal from the exploratory adits on an experimental basis and was sold to a local cement company. This successful sale testifies to the quality of coal needed for the local cement industry. Selling of the coal will also help in off-setting the cost of the current exploration program. An analysis report provided by the cement company representative on the quality of coal is provided in the following table.

Tests Particulars Range
1 Gross Calorific Value (GCV) by B. Calorimeter (Dried Base) 4,000 to 6,000 Kcal / Kg.
2 Moisture <10 %
3 Volatile Matter >10 %
4 Ash Content 20 to 30 %
5 Sulfur <2 %
The Company is continuing exploration focussing on the assessment of resource potential of its current coal mining leases.

On behalf of the Board of Directors,

Simon Tam
President and Director

Disclaimer and Cautionary Statement Regarding Forward-Looking Information

Neither 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 press release.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any and all jurisdictions.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

United Coal Holdings Ltd. seeks safe harbor.
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