EastCoal Inc. Files a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act (Canada) and Resumption ...

EastCoal Inc. (TSX VENTURE:ECX)(AIM:ECX) ("the Company" or "EastCoal") announces
that on November, 5 2013 it filed a Notice of Intention to Make a Proposal
("Notice of Intention") pursuant to the provisions of Part III of the Bankruptcy
and Insolvency Act (Canada) (the "BIA").


Pursuant to the Notice, Deloitte Restructuring Inc. ("Deloitte") has been
appointed as the trustee in the Company's proposal proceedings and will assist
the Company in its restructuring efforts.


This filing follows the Company's strategic review of its options caused by the
lack of financing as previously announced on October 21, 2013 and the subsequent
halt of trading in the Company's shares on the TSX Venture Exchange and the
suspension of trading in the Company's shares on AIM.


The filing of the Notice has the effect of imposing an automatic 30-day stay of
proceedings that will protect the Company and its assets from the claims of
creditors while the Company pursues its restructuring efforts. This 30-day
period may be renewed with the authorization of the Supreme Court of British
Columbia.


The Company is actively seeking further sources of funding although there can be
no guarantee that the Company will be successful in securing further financing
or achieving its restructuring objectives. Failure by the Company to achieve its
financing and restructuring goals will likely result in the Company becoming
bankrupt.


As previously announced, the Company currently has three remaining directors on
the board being Abraham Jonker, John Byrne and John Conlon.


The Company will provide further updates as to the next steps of the process
when these have been determined.


Subsequent to the dissemination of this announcement, trading is expected to
resume on both the TSX Venture Exchange and AIM at the open of trading on
Monday, November 11, 2013.


About EastCoal Inc.

EastCoal Inc. owns the Verticalnaya anthracite mine through its 100% owned
subsidiary East Coal Company.


Forward-Looking Statements: This news release contains discussion of items that
may constitute forward-looking statements within the meaning of securities laws
that involve risks and uncertainties. Although the company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurances that its expectations will be
achieved. Factors that could cause actual results to differ materially from
expectations include the effects of general economic conditions, actions by
government authorities, uncertainties associated with contract negotiations,
additional financing requirements, market acceptance of the Company's products
and competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory authorities.


Neither the 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
EastCoal Inc.
Abraham Jonker, President and Acting CFO
[phone] / [phone] (Cell)
www.eastcoal.ca


Cenkos Securities plc
Ken Fleming
[phone]
Alan Stewart/Derrick Lee
[phone]