Cobalt Coal Ltd. Announces Senior Facility Extension

Cobalt Coal Ltd. ("Cobalt") (TSX VENTURE:CCF), announces that it has entered
into an extending agreement with the provider of its senior credit facility. The
agreement extends the repayment date of the existing $1,750,000 USD facility to
February 28, 2014.


Included in the extension agreement is a provision whereby the senior lender
will make a drilling fund available to Cobalt in the amount of $150,000 USD and
is subject to certain conditions. Certain of the fees, together with any
advances made under the drilling fund, will be added to the principal amount of
the facility and will be payable at maturity.


About Cobalt

Cobalt is a publicly traded coal exploration and production company
headquartered in Calgary, Alberta, Canada. Cobalt was created to capitalize on
the growth opportunities that exist in the metallurgical coal mining industry. 


Neither TSX Venture Exchange nor its regulation/service provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


READER ADVISORY

Statements in this news release may contain forward-looking information. The
reader is cautioned that assumptions used in the preparation of such information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the Company. These risks include, but are not limited to, the risks associated
with the coal mining industry, commodity prices and exchange rate changes.
Industry related risks could include, but are not limited to, operational risks
in exploration, development and production, delays or changes in plans, risks
associated to the uncertainty of reserve estimates, health and safety risks and
the uncertainty of estimates and projections of production, costs and expenses.
The reader is cautioned not to place undue reliance on this forward-looking
information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cobalt Coal Ltd.
Al Kroontje
Director
Office: 403-607-4009
[e-mail]


Cobalt Coal Ltd.
Robert Gillies
CFO
Office: 403-538-8455
[e-mail]


Cobalt Coal Ltd.
Mike Crowder
President & CEO
Office: 423-323-2396
[e-mail]