Amalfi Capital Corporation Announces the Completion and Update of CDR Minerals Inc. National Instrument 43-101 Reports

Amalfi Capital Corporation (TSX VENTURE:ALI.P) ("Amalfi" or the "Corporation")
is pleased to announce that CDR Minerals Inc. ("CDR") has received an updated
technical report (the "Updated Sid Report") dated January 20, 2010 with respect
to the Sid mining project (the "Sid Project") and an updated technical report
(the "Updated Big Branch Report") dated January 21, 2010 with respect to the Big
Branch mining project (the "Big Branch Project"). Both reports were updated by
Summit Engineering, Inc. ("Summit") to include coal reserve valuations, as
described below. CDR has also received a technical report (the "Laurel Fork
Report") dated January 20, 2010 with respect to its Laurel Fork (Coty) mining
project (the "Laurel Fork Project"). The technical reports were prepared by
Phillip Lucas, P.E., P.L.S. of Summit in accordance with National Instrument
43-101 ("NI 43-101").


Information concerning the originally filed Sid Report and Big Branch Report was
previously disclosed by the Corporation in its press release issued on November
26, 2009. Full text versions of the Updated Sid Report and the Updated Big
Branch Report have been filed on SEDAR and are available at www.sedar.com.


As previously announced on June 9, 2009, November 26, 2009, December 21, 2009
and January 6, 2010, Amalfi intends to complete an arm's length business
combination (the "Business Combination") with CDR, which if completed, is
expected to constitute Amalfi's qualifying transaction for purposes of Policy
2.4 of the TSX Venture Exchange Inc. ("TSX Venture") Corporate Finance Manual.
The parties intend to complete the Business Combination by way of a
three-cornered amalgamation (the "Amalgamation), wherein a wholly-owned
subsidiary of Amalfi will amalgamate with CDR and continue as one company under
the Business Corporations Act (Ontario) ("Amalco").


The Laurel Fork Project

CDR entered into certain coal and surface leases (collectively, the "Laurel Fork
Lease") with a local property owner on December 12, 2008 for a purchase price of
$125,000 and varying overriding royalties from all sales of all coal mined from
the property under the lease agreements.


CDR holds the Laurel Fork Lease within the Laurel Fork Project area of interest
(the "Laurel Fork AOI"), located proximate to Hazard, Kentucky. According to
CDR, it is expected that the wider Laurel Fork AOI can be leased for minimal
coal lease prepayments plus out of pocket expenses. The process of obtaining
permits for the Laurel Fork AOI is underway.


The Laurel Fork Project is located within Knott County, Kentucky, primarily in
the Vest and Carrie USGS quadrangle maps. The seams to be evaluated include the
Fireclay (Hazard #4), Hazard #5A, Hazard #7, Hazard #8, Hindman (Hazard #9), and
Skyline (Hazard #10). The total project area covers approximately 2500 acres.
The area covered by the Laurel Fork Report (being the entire Laurel Fork AOI) is
bounded to the north by Balls Fork, to the south by State Route 80, to the east
by Trace Branch, and to the west by Short Fork and Rock Lick.


Currently all surface mining operations on the Laurel Fork Project are idle. CDR
has determined that it will proceed with obtaining a permit for a new surface
mine on the lease it controls, which it anticipates will take approximately 12
months to obtain. Presently, 18 coreholes have been drilled in the Laurel Fork
Project area, five of which were drilled by CDR. No additional corehole drilling
is planned at this time.


Laurel Fork Report

The following is information extracted from the Laurel Fork Report. A full text
version of the Laurel Fork Report has been filed on SEDAR and is available at
www.sedar.com.


According to the Laurel Fork Report, the work done to prepare the two prior
existing results estimates in respect of the Laurel Fork Project area which were
reviewed by Summit was not sufficient to classify the historical estimates as
current mineral resources or reserves in accordance with NI 43-101. Summit has
used the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM")
Definition Standards on Mineral Resources and Reserves ("CIM Definitions")
adopted by the CIM Council on December 11, 2005 during the classification,
estimation and reporting of mineral resources and reserves for the Laurel Fork
Project.


According to the Laurel Fork Report, in calculating the in-place and recoverable
tons for potential mine site areas on the Laurel Fork Project, potential reserve
areas were created by Summit in SurvCADD, which is a computer modeling program
that utilizes three-dimensional analysis to estimate reserve volumes. In-place
tons are calculated by the computer based modeling of applicable parameters
(seam thickness and elevation). The model is interpolated, using mostly core
data, by the inverse distance squared method. Coal density was assumed to be 80
lbs per cubic foot and rock density was assumed to be 160 lbs per cubic foot.


According to the Laurel Fork Report, Summit did not conduct any field work for
the preparation of the report and relied on the results of exploration
documented in the previous historic records reports, including drillhole
database, mapping, and other information. Of the general sources of information
used in the Laurel Fork Report, Summit reviewed on-going core drilling data,
previous coal reserve estimates, mine permit data, economic analyses, and coal
quality information provided to Summit by CDR.


Staff of Summit conducted two site visits to the Laurel Fork Project and
reviewed the previous mining which had been conducted on the mineral property,
the proposed mine plan, the proposed backfill plan and the site access roads.


According to the Laurel Fork Report, the core samples collected and submitted
for analysis were handled using methods that are standard for the coal industry.
The standard method of coal core handling is for the drillers, once the cores
are retrieved to the surface, to place the cores in core boxes designed to
accept core of the diameter being drilled. Samples are then trucked from the
field to independent laboratories for sample testing.


The sample data received by Summit from CDR originated from Mineral Labs, Inc.
in Salyersville, Kentucky using methods of analysis consistent with ISO/IEC
17025 Standards, and Acculab Coal, Water and Soil Testing Laboratory in Hazard,
Kentucky using Government of Kentucky approved methods of analysis. Certain data
verification procedures were typically employed in order to derive a level of
confidence with respect to the integrity of these samples, including, the use of
sample labels, sample seals and chain-of-custody recording of the samples.


Resource And Reserve Classification

Potential reserves were classified by Summit as surface mineable (area, point
removal and contour mineable), highwall mineable, or auger mineable reserve.
Summit based its Laurel Fork Project calculations on coal seam thickness instead
of total seam (coal plus rock) thickness. Therefore when estimating the
recoverable tons, a mining recovery factor was used, and no plant loss was taken
into consideration. The mining recovery factor for area, point removal and
contour mineable reserves were calculated as 85% of in-place tons for all seams.
Reserves classified as highwall mineable had a mining recovery factor of 45% of
in-place tons for all seams, and reserves classified as auger mineable were
given a mining recovery factor of 30% of in-place tons for all seams.


According to the Laurel Fork Report, exploration data on the Laurel Fork Project
currently under lease allows for all reserves to be classified as either proven
or probable reserves. According to Summit, lease negotiations may add potential
inferred resources to the property. Potential inferred resources are reported as
an in place tonnage and not adjusted for mining losses or recovery. Minimum
mineable seam thickness and maximum removable parting thickness are considered;
coal intervals not meeting these criteria are not included. Resource tons are
estimated by the average thickness times area method. The area is calculated by
Summit from the SurvCADD generated coal seam outcrop and by potential lease
lines, and the average thickness is assumed to be approximately equal to the
average thickness generated for measured and indicated reserves.


The following table details the results of Summit's reserve estimation as of
January 20, 2010.




                             LAUREL FORK PROJECT
                        ESTIMATED RESERVES & RESOURCES

                         Estimated Reserves & Resources                    
----------------------------------------------------------------------------
                    Mineral Resource Tons              Mineral Reserve Tons
----------------------------------------------------------------------------
Seam        Measured     Indicated       Inferred       Proven     Probable
----------------------------------------------------------------------------
10           226,088             0              0      192,175            0
9          1,142,145       155,807              0      970,823      132,436
8          2,366,384     1,246,001         75,419    2,011,426    1,059,101
7                  0             0      958,070(1)           0            0
5A                 0             0              0            0            0
4          1,000,710     2,029,180      2,307,251      529,802    1,083,201
Sub Total  4,735,326     3,430,989      3,340,740    3,704,226    2,274,738
Totals:                                 8,166,315                 5,978,965



According to the Laurel Fork Report, Summit's reserve evaluation indicates that
there is an excess of eight million measured and indicated resource tons on the
property. Approximately 1.7 million tons are controlled under lease. A portion
of the reserves on properties pending lease are classified as inferred
(resource) tons. With additional exploration, the reserve base may be expanded.
As of the date of the Laurel Fork Report, no permits had been obtained for this
property. Both Kentucky Surface Mine Control and Reclamation Act permit ("SMCRA
Permit") and a United States Army Corp of Engineers 404 permit ("404 Permit")
will be required for the operation. Approximately 330,000 tons within the leased
properties may be mined without the need of a 404 Permit. Adjacent tracts
contain about 600,000 tons that may be mined without the need of a 404 Permit.
These areas will still require a SMCRA Permit, and the permit process should
begin as soon as possible in order to have the permit issued in a timely
fashion. Thus, according to the Laurel Fork Report, it could be approximately
two years before the need for a 404 Permit will arise.


As of June 30, 2009, the Kentucky Office of Mine Safety and Licensing listed 30
licensed mining operations in Perry County, Kentucky. The counties surrounding
and adjacent to the Laurel Fork Project in Knott County include Perry, Letcher,
Magoffin, Breathitt, Floyd and Pike Counties. Another 250 mines are licensed in
these counties making a total of over 300 mines licensed in the area. There has
been no historical production on the leased properties acquired by CDR. However,
on the adjoining property to the Laurel Fork Project, up to 50,000 tons per
month had been produced by various operators. These properties are currently in
reclamation. According to the Laurel Fork Report, the most recent production
records from the state of Kentucky are through to the end of 2007, and they
indicate that a total of over 63 million tons of coal was produced from the
seven county region near and adjacent to the Laurel Fork Project.


Coal Reserve Valuation

According to the Laurel Fork Report, a coal reserve valuation estimate was
performed for the Laurel Fork Report. Similar valuation estimates were also
conducted for the Updated Sid Report and the Updated Big Branch Report. Based on
the information available to Summit, the approach chosen for the valuation
estimates in each of the Updated Sid Report, Updated Big Branch Report and
Laurel Fork Report utilized net present value ("NPV") estimates of royalty
income from leasing.


According to each of the Laurel Fork Report, the Updated Sid Report and the
Updated Big Branch Report, a discount rate of 15% was chosen for these
estimates. The following table outlines the valuation estimates of the Laurel
Fork Project along with the Sid Mining Project and Big Branch Mining Project.
This valuation represents the estimated NPV of the income that will flow to the
mineral owner. The estimated NPV of the coal reserves associated with the Laurel
Fork Project is approximately $6 million, with the Sid Mining Project is
approximately $9 million and with the Big Branch Project is approximately $22
million. The total estimated NPV of the coal reserves associated with the CDR
assets in aggregate is approximately $37 million.




                 Valuation of Coal Reserves - January 20, 2010
                             Sid Mining Project

                                   2010        2011        2012        2013
                           -------------------------------------------------
Projected Coal Production       341,100     543,900     595,000     595,000
Estimated Coal Sales Price $         70 $        74 $        78 $        78
Estimated Revenue          $ 23,877,000 $40,248,600 $46,410,000 $46,410,000
Royalty Income at 6%       $  1,432,620 $ 2,414,916 $ 2,784,600 $ 2,784,600
NPV at 15% Discount Rate   $  1,245,757 $ 1,826,023 $ 1,830,920 $ 1,592,104

                                       2014            2015           Total
                              ----------------------------------------------
Projected Coal Production           595,000         595,000       3,265,000
Estimated Coal Sales Price     $         78   $          78                
Estimated Revenue              $ 46,410,000   $  46,410,000   $ 249,765,600
Royalty Income at 6%           $  2,784,600   $   2,784,600   $  14,985,936
NPV at 15% Discount Rate       $  1,384,438   $   1,203,859   $   9,083,102



                             Big Branch Project

                                       2010            2011            2012
                              ----------------------------------------------
Projected Coal Production         1,057,100       1,200,000       1,200,000
Estimated Coal Sales Price     $         67     $        74    $         78
Estimated Revenue              $ 70,155,700     $88,800,000    $ 93,600,000
Royalty Income at 6%           $  5,612,456     $ 7,104,000    $  7,488,000
NPV at 15% Discount Rate          4,880,397       5,371,645       4,923,482


                                       2013            2014           Total
                              ----------------------------------------------
Projected Coal Production         1,200,000         723,304       5,380,404
Estimated Coal Sales Price     $         78    $         78                
Estimated Revenue              $ 93,600,000    $ 57,197,712   $ 403,243,412
Royalty Income at 6%           $  7,488,000    $  4,575,817   $  32,268,273
NPV at 15% Discount Rate          4,281,288       2,274,990      21,731,801



                     Laurel Fork Project (Gayheart Leases Only)

                                2010         2011        2012         Total
                          --------------------------------------------------
Projected Coal Production     30,000      670,000     737,500     1,437,500
Estimated Coal Sales Price       $70          $74         $78              
Estimated Revenue         $2,100,000  $49,580,000 $57,525,000  $109,205,000
Royalty Income at 6%      $  168,000  $ 3,966,400 $ 4,602,000  $  8,736,400
NPV at 15% Discount Rate  $  146,087  $ 2,999,168 $ 3,025,890  $  6,171,145

Total Estimated NPV of Coal Reserves Associated with CDR Mine
 Plan: $36,986,047

Notes:

(1) Production and Coal Sales Values are from proformas provided by CDR to
    Summit.
(2) Royalty Rates are from existing leases.
(3) A 15% Discount Rate is used for Net Present Value Estimates.



Proposed Exploration and Mining Program

Lexington Coal Company, LLC Permit No. 860-0415, controls a surface mining
permit on the western portion of the Laurel Fork Project. The permit was
operated by Leslie Resources Inc. from September 1, 1996 until March 19, 2001
when Leslie Resources, LLC took over operations. Production ceased on this
permit in 2004, though the Kentucky Surface Mining Information System still
lists this permit with an active A1 status. However, Increments 2, 4, 5, 11, 12
and 13, covering a total of 242.34 acres have a Phase 1 bond release.


Most of the reserve left in this area lies in the Hazard #7 seam and below.
However, a couple of small areas have been left which may contain the Hazard #8
and above seams. Also, the existing mountaintop removal area located on the
Laurel Fork Project leased properties could enhance the overall mine plan by
providing excess spoil storage.


Negotiations for the mining rights necessary to conduct surface and underground
mining operations within the Laurel Fork Lease portion of the property have been
obtained. Negotiation is on-going for other properties that also lie within the
Laurel Fork AOI.


According to the Laurel Fork Report, based on the proforma production tonnage,
it could be approximately two years until the need for a 404 Permit exists. The
current LCC Kentucky permit area will be re-permitted by CDR. This area should
have about 330,000 recoverable tons available for mining without the need for a
404 Permit. Also, parts of lease areas 10, 12B and 13 may be mined without the
need for a 404 Permit. Excess spoil from these areas may be placed on previously
mined areas adjacent to this area. Both surface and mineral leases for these
areas must be secured and a SMCRA Permit will need to be issued for the work to
be done. These areas could yield another 600,000 tons of recoverable coal. Thus,
according to Summit, it is possible to mine close to one million tons without
the need for a 404 Permit. A permit is currently being prepared for the area of
the Laurel Fork Lease. The application is currently scheduled for submittal in
January of 2010.


According to Summit, after a permit is obtained for the properties leased and
currently pending lease, the remaining leases for the property area should be
obtained and a permit filed for the mineable reserve located to the east of
Laurel Fork. The process of obtaining a SMCRA Permit and 404 Permit could take
an estimated 12-18 months for this property. Once lease negotiations are
concluded, and a SMCRA Permit and 404 Permit has been obtained, mining within
the remainder of the property can commence.


The costs associated with completing the drilling of the coreholes is estimated
to be US$10,000 per corehole. The anticipated costs associated with future
surface mine operations on the Laurel Fork Project are disclosed in the
following table derived from the Laurel Fork Report. CDR has allocated
approximately $12,000 per month for permitting and other reserve activity, which
includes the cost to drill each corehole. The drilling costs, including the use
of equipment and footage charges, consumables and the costs of labour and
materials, are based on information provided to Summit by CDR. In addition,
other support activities including site preparation, water and power supply, the
safe removal and disposal of effluent and a survey control site may be required.
The costs per corehole for these activities have been generated internally by
CDR.




Road Building and Site Preparation                          US$1,700
Drilling Rig Usage                                          US$6,300
Labour and Materials                                        US$2,000
                                                          -----------
                                                           US$10,000



Recommendations of the Laurel Fork Report

According to Summit, the information it reviewed indicated that there exists a
coal resource on the Laurel Fork Project worthy of additional exploration and
further development.


Additional leased and permitting for the affected properties will be required,
as well as the pursuit of the SMCRA Permit and the 404 Permit for the eastern
portion of the property reserve.


Estimates of required capital, manpower, and equipment for the surface mine
operations are reasonable. The projected tonnages are reasonable based on the
reserves associated with the Laurel Fork Project.


The completion to the present date of any aspects of the feasibility study work
that may require time-dependent revision should be addressed. According to
Summit, the selling price for the coal has most likely changed since the
feasibility work was most recently done.


Summit further recommended that the orderly extraction of the coal reserve in
this area should proceed as planned.


Qualified Person

Phillip Lucas, P.E., P.L.S., of Summit Engineering, Inc., a Professional
Engineer in the State of Kentucky, West Virginia, Virginia and Arkansas, a
member of the Society of Mining Engineers of Kentucky, is the author of the Sid
Report and an independent Qualified Person in accordance with the requirements
of NI 43-101. He has reviewed and approved the technical disclosure in this news
release.


Directors and Officers of Amalco

Upon completion of the Business Combination, the board of directors of Amalco
will consist of seven (7) directors. Six of directors nominees of CDR, namely A.
Thomas Griffis, Elia Crespo, Scott Hand, John Ellis, James Ladner and Dino
Titaro, and one will be a nominee of Amlafi, Michael Rousseau. After the closing
of the Business Combination, the officers of Amalco will be appointed by the
board of directors of Amalco and will include Robert Heuler as Chief Executive
Officer, James Hannah as President, James O'Neill as Chief Financial Officer,
Peter K. Moran as Chief Operating Officer, James A. Flores as Executive Vice
President Finance and Michael J. Campbell as Executive Vice President Corporate
Development and Secretary. Information concerning Mr. Griffis, Ms. Crespo, Mr.
Rousseau, Mr. Hannah, Mr. Moran, Mr. Flores and Mr. Campbell was previously
disclosed by the Corporation in its press release issued on June 9, 2009.


Scott Hand, age 67 was the Chairman and Chief Executive Officer of Inco Limited
("Inco") from April 2002 and he retired from Inco in January 2007. Prior to that
Mr. Hand was the President of Inco and held positions in Strategic Planning,
Business Development and Law. Mr. Hand currently serves on the boards of
Manulife Financial Corporation and Fronteer Development Group.


John Ellis, age 74, has spent over 45 years in senior management positions,
including former Chairman and Chief Executive Officer of Anglogold North
America, Independence Mining, Hudson Bay Mining and Smelting, Vice President,
Operations for CVRD-Inco PTI Indonesia and Managing Director CVRD-Inco for
Voisey Bay Nickel. Mr. Ellis has also consulted for several companies, including
CVRD-Inco, Queenstake, BHP-Australia and Century Aluminum.


James A. Ladner, age 70, is a self-employed financial consultant in Kilchberg
(Zurich), Switzerland and has been so since 1992. Mr. Ladner was a founder and
managing director of RP&C International, London/New York/Zurich from December
1992 to April 2002, where his responsibilities included the syndication and sale
of dollar convertible bonds, shares and warrants of North American companies on
the European continent. Mr. Ladner has held a variety of senior positions in the
financial industry including as non-executive chairman of Bank Austria
(Switzerland) Ltd. from 1992 to 2001. Mr. Ladner currently serves as a director
and a member of the audit committee of the following companies: bw digitronic
AG, Sican Petroleum plc, Oracle Energy, Mohave Exploration and Production and
Coastport Capital Inc.


Dino Titaro, age 57, is currently the President and Chief Executive Officer of
Carpathian Gold Inc. Mr. Titaro is a geologist with extensive experience in the
mining and exploration sector at the officer and director level. Since 1989, Mr.
Titaro has been President and Chief Executive Officer of A.C.A. Howe
International, a geological and mining consulting firm and worked globally on
mining projects. Mr. Titaro has acted as a director and officer of several
publicly-traded companies in the mining, industrial and health care technology
fields. Mr. Titaro has been a director of Yamana Gold Inc. since 2005 and
MinCore Inc. since 2007. Prior thereto he was a director of Richview Resources
Inc. from 2005 to 2009, Plata Peru Resources Inc. from 2000 to 2009, Sikaman
Gold Resources Ltd. from 1995 to 1999, Compressario Corp. from 2000 to 2005 and
OntZinc Corporation (formerly Pan American Resources Inc.) from 1996 to 2002.


Robert Heuler, age 57, has been the Chief Executive Officer of CDR since his
appointment in November 2009. Mr. Heuler is a senior executive with 35 years
experience in the mining sector, most recently as Managing Director of the Coal
Division of Monarch Financial Corporation from 2004 to 2009. Prior thereto, he
was Director of Syndication for Citizens Bank of PA, a subsidiary of the Royal
Bank of Scotland. Mr. Heuler has also held senior engineering positions with
direct responsibilities for engineering and planning on mine sites.


James O'Neill, age 50, has been the Chief Financial Officer of CDR since his
appointment in November 2009. Prior thereto, Mr. O'Neill was Vice President,
Corporate Controller & Investor Relations for Tiomin Resources Inc. (TSX: TIO),
which had mining interests in Kenya, Peru and China. He gained extensive
experience with international companies operating in the USA, including as CFO
for Azcar Technologies Inc. from November 2001 through October 2005, and as
Chief Financial Officer and Vice President, Operations of Arxx Building Products
Inc. from February 1997 to October 2001. He qualified as a Chartered Accountant
while with KPMG (formerly Ernst & Whinney). He held senior financial positions
with Stride Rite Canada, Apple Canada, and Picker International Canada after
qualifying as a Chartered Accountant with KPMG.


Conditions Precedent to Closing the Business Combination

The completion of the Business Combination is subject to the approval of TSX
Venture and all other necessary regulatory approval. The completion of the
Business Combination is also subject to additional conditions precedent,
satisfactory completion of due diligence reviews by the parties, board of
directors approval of Amalfi and CDR, the entering into of a formal agreement,
the entering into of employment and non-competition agreements with certain
senior officers of CDR, and certain other usual conditions.


Resumption of Trading

Trading of the common shares of Amalfi is expected to resume on the TSX Venture
on February 24, 2010.


As indicated above, completion of the Business Combination is subject to a
number of conditions, including but not limited to, TSX Venture acceptance and
shareholder approval. The Business Combination cannot close until the required
shareholder approval is obtained. There can be no assurance that the Business
Combination will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the Information Circular of
the Corporation to be prepared in connection with the Business Combination, any
information released or received with respect to the Business Combination may
not be accurate or complete and should not be relied upon. Trading in the
securities of the Corporation should be considered highly speculative.


Except for historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties. Actual results
may differ materially. Neither Amalfi nor CDR will update these forward-looking
statements to reflect events or circumstances after the date hereof. More
detailed information about potential factors that could affect financial results
is included in the documents filed from time to time with the Canadian
securities regulatory authorities by Amalfi and CDR.


The securities of Amalfi being offered have not been, nor will be, registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold within the United States or to, or for the account or benefit
of, U.S. persons absent U.S. registration or an applicable exemption from U.S.
registration requirements. This release does not constitute an offer for sale of
securities in the United States.