Global Met Coal Provides Corporate Update

Global Met Coal Corporation (TSX VENTURE:GMZ) (FRANKFURT:B1H) (the "Company")
provides the following corporate update on its activities.


Black Creek Mine Project 

The Company has been working diligently since September 2011 on the development
of the Black Creek Mine project, located in Jefferson County, Alabama. 


The project covers over 400 acres and contains three coal seams having an
aggregate thickness of up to five feet. Mining operations adjacent to the
project are currently mining and selling coal from these seams. Current prices
received for metallurgical and specialty coal range from US$140 to US$180 per
ton in the region. 


Progress has recently been achieved by the Company in three key areas. These
include a coal acquisition agreement, permitting and financing.


New Letter of Intent Signed 

The Company has signed a new letter of intent dated January 16, 2014 (the "LOI")
by which the Company has been granted the exclusive right and option to purchase
the surface rights for parcels of land comprised in the Black Creek Mine
project. The LOI eliminates the US$3,000,000 purchase price for the land rights.
The optionors will now receive US$30,000 upon execution of the LOI and an
additional US$30,000 within ninety days after the execution of the LOI. Ninety
days after obtaining a mining permit, the optionors will be paid
US$20,000/month. In addition, the optionors will receive a 7% royalty payment on
all coal sales.


Permitting 

The Company has received the final permit Black Creek Mine NPDES Permit No.
AL0081931 Jefferson County (073) from the Alabama Department of Environmental
Management. 


The Company will now focus on obtaining customers for the coal, contract miners
and final mine design for construction. 


The timetable for development should be finalized within a month and when that's
complete, the Company will make a public announcement.


GRIT Financing 

The Company announces that further to the news release dated September 30, 2013,
it has signed a new subscription agreement dated January 22, 2014 with Global
Resources Investment Ltd. ("GRIL"), an arm's length party to the Company, which
replaces the original subscription agreement dated August 9, 2013. Under the new
subscription agreement, the Company has agreed to subscribe for 414,937 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 units at a
deemed price of GBP 0.0277 per unit, which is the equivalent of approximately
$0.05 per share. Each unit will consist of one common share and one-half of one
share purchase warrant. Each whole warrant will entitle GRIT to purchase one
additional share of the Company at a price of $0.05 for 24 months. The value of
the transaction is approximately $750,000 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. 


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 Mine project in Jefferson County, Alabama, for
acquisitions, and for general working capital. 


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


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]