Cobalt Coal Releases 2011 Annual Financial and Operating Results

Cobalt Coal Ltd. (TSX VENTURE:CCF) ("Cobalt" or the "Corporation") is pleased to
announce the release of its 2011 annual financial and operating results. A copy
of Cobalt's audited consolidated financial statements and related management's
discussion and analysis ("MD&A") for the year ended December 31, 2011 can be
obtained on SEDAR at www.sedar.com. 


About Cobalt

Cobalt is a publicly traded coal development and production company
headquartered in Calgary, Alberta, Canada with a regional office in Welch, West
Virginia. Cobalt is exclusively focused on growth opportunities in metallurgical
grade coal. 


Forward-Looking Statements 

This press release may contain forward-looking information that involves
substantial known and unknown risks and uncertainties, most of which are beyond
the control of Cobalt, including, without limitation, statements pertaining to
management's future plans and operations. All statements included herein, other
than statements of historical fact, are forward-looking information and such
information involves various risks and uncertainties. There can be no assurance
that such information will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to differ materially
from forward-looking information can be found in Cobalt's disclosure documents
on the SEDAR website at www.sedar.com. Any forward-looking statements are made
as of the date of this release and, other than as required by applicable
securities laws, Cobalt does not assume any obligation to update or revise them
to reflect new events or circumstances.