Global Met Coal Announces Share Swap With Grit

Global Met Coal Corporation (TSX VENTURE:GMZ) (FRANKFURT:B1H) (the "Company")
announces that it has signed a subscription agreement dated August 9, 2013 with
Global Resources Investment Ltd. ("GRIL"), an arm's length party to the Company,
pursuant to which the Company has agreed to subscribe for 556,379 new ordinary
shares of Global Resources Investment Trust plc ("GRIT") at a subscription price
of GBP 1.00 per share. In consideration of the purchase of the GRIT shares, the
Company has agreed to issue to GRIT 15,000,000 common shares at a deemed price
of GBP 0.0371 per share, which is the equivalent of approximately $0.06 per
share. The value of the transaction is approximately $900,000 based on the
current exchange rate. Upon closing the 15,000,000 shares will represent
approximately 18.6% of the then issued and outstanding shares of the Company.
The TSX Venture Exchange (the "Exchange") has granted conditional acceptance of
the transaction.


GRIL has been established to exploit investment opportunities in the junior
mining and natural resources sectors worldwide, with an investment objective to
generate medium and long-term capital growth. GRIL is seeking listing of its
ordinary shares on the main market of the London Stock Exchange (LSE), and will
be re-registered as a public company and constituted as a UK investment trust
with the name 'Global Resources Investment Trust plc'. The Company will
subsequently resell the GRIT shares through the facilities of the LSE to realize
net cash proceeds. The Company intends to use the proceeds to fund ongoing
development of the Black Creek coal project in Jefferson County, Alabama, and
for general working capital.


Closing of the transaction is subject to a number of conditions precedent,
including final acceptance of the Exchange, and GRIT successfully listing on the
LSE. 


For the past year the Company has been working to obtain a mining permit for the
Black Creek project. All of the work required to obtain the permit is
substantially complete. The Company anticipates the permit will be issued in due
course.


ABOUT GLOBAL

Global Met Coal Corporation is an exploration and development company currently
focusing on the acquisition of advanced stage properties with special emphasis
on metallurgical coal projects. The Company's strategy is to maximize
shareholder value through successful exploration and development. 


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: 
Global Met Coal Corporation
George Heard
CEO, President & Director
604-632-0085
[e-mail]