Forbes Coal Announces Results of Annual General and Special Meeting of Shareholders

Forbes & Manhattan Coal Corp. ("Forbes Coal" or the "Company") (TSX:FMC)
(JSE:FMC) is pleased to announce that shareholders voted in favour of all items
of business brought before them at the Company's Annual General and Special
Meeting of Shareholders ("AGM") held in Toronto, Ontario, on June 27, 2014.


The nominees listed in the Forbes Coal management proxy circular for the 2014
AGM, other than Mr. Thomas Roussel, were re-elected as directors of Forbes Coal.
Mr. David Thomas was nominated from the floor at the AGM. Detailed results are
set out below.




----------------------------------------------------------------------------
                                        % Votes For         % Votes Withheld
----------------------------------------------------------------------------
John Dreyer                                  98.96%                    1.04%
----------------------------------------------------------------------------
Bob Francis                                  98.96%                    1.04%
----------------------------------------------------------------------------
Michael Price                                98.96%                    1.04%
----------------------------------------------------------------------------
David Thomas                                   100%                       0%
----------------------------------------------------------------------------
Craig Wiggill                                98.96%                    1.04%
----------------------------------------------------------------------------
Bernard Wilson                               98.96%                    1.04%
----------------------------------------------------------------------------



Shareholders approved the appointment of McGovern, Hurley, Cunningham LLP as
auditors of Forbes Coal until the next annual meeting of shareholders.
Disinterested shareholders approved a resolution authorizing the payment of an
establishment fee in connection with a convertible loan to Forbes Coal from
Resource Capital Fund V L.P. ("RCF"), the payment of interest on the convertible
loan and a refinancing of an existing loan with RCF, and the issuance of common
shares in the capital of Forbes Coal to RCF in satisfaction of the conversion of
the principal amount of an existing bridge loan with RCF, and the establishment
fee, interest, and conversion of the principal amount of the proposed
convertible loan and refinancing. Disinterested shareholders also approved a
resolution authorizing the issuance of warrants to Investec Bank Limited
("Investec"), exercisable for common shares of Forbes Coal. 


Shareholders also approved a change of the company's name to "Buffalo Coal
Corp.", subject to Toronto Stock Exchange Approval. 


Craig Wiggill, on behalf of the board of the Company, stated "the overwhelming
support received from the shareholders at the meeting was gratifying and is also
one of the last steps of the significant restructuring process that was started
in September and is now essentially complete. 


This restructuring of the Company will result in a meaningful reduction of costs
and has refocused the Company around its existing operating asset base. The
board has strong confidence in the new management team which is now entirely
based in South Africa,led by Malcolm Campbell as CEO and Sarah Williams as CFO.
The final tranche of funds to be received by the Company will soon be applied to
new equipment procurement with the first significant item, a new MC430
continuous miner supplied by Sandvik, about to be delivered to Magdalena
Colliery.


The removal of a number of legacy issues, the strong support of its principle
shareholder, RCF, and the Company's strategic financial partner, Investec, has
created a good operating platform for the soon to be newly branded Buffalo Coal
Corp. From this platform the Company intends to rebuild its long term
sustainability and profitability based around its two operating mines in South
Africa while also looking at growth opportunities with synergies to its asset
base."


About Forbes Coal

Forbes Coal is a growing coal producer in southern Africa. It holds a majority
interest in two operating mines through its 100% interest in Forbes Coal (Pty)
Ltd., a South African company which has a 70% interest in Zinoju Coal (Pty) Ltd.
("Zinoju"). Zinoju holds a 100% interest in the Magdalena bituminous mine and
the Aviemore anthracite mine in South Africa. Forbes Coal has an experienced
coal-focused management team.


Cautionary Notes: 

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the results of the
AGM and future financial or operating performance of Forbes Coal and its
projects. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of Forbes Coal to be materially different from those
expressed or implied by such forward-looking information, including but not
limited to: general business, economic, competitive, foreign operations,
political and social uncertainties; a history of operating losses; delay or
failure to receive board or regulatory approvals; timing and availability of
external financing on acceptable terms; not realizing on the potential benefits
of the proposed transaction; conclusions of economic evaluations; changes in
project parameters as plans continue to be refined; future prices of mineral
products; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry; and, delays
in obtaining governmental approvals or required financing or in the completion
of activities. Although Forbes Coal has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Forbes & Manhattan Coal Corp.
Craig Wiggill
Chairman
[e-mail]


Forbes & Manhattan Coal Corp.
Malcolm Campbell
Chief Executive Officer
[phone]
[e-mail]