CONTINENTAL COAL LTD - Extension of Voluntary Suspension

13 January 2014

By e-lodgement

                       EXTENSION OF VOLUNTARY SUSPENSION

Continental Coal Limited (ASX: CCC; AIM: COOL) ("the Company") requests the
continuation of the voluntary suspension of its securities as the Company is
still finalising its efforts to complete a recapitalization of the Company that
will allow it to settle its Convertible Notes that mature from November 2013 to
February 2014 as well as other creditors.

The Company has made progress in its discussions with holders of Convertible
Notes, other creditors, royalty holders and various investor groups in relation
to a comprehensive recapitalization of the Company and remains optimistic about
reaching an agreement between all parties that will allow the company to
continue trading as a going concern. The Directors would like to acknowledge
the continued understanding demonstrated to date by creditors and financiers
while the Company seeks to complete the recapitalization.

If no acceptable restructure and/or refinancing arrangements can be agreed in
the near term, the Board considers that the appointment of a voluntary
administrator to the Company in Australia may be necessary, as it will have
insufficient funds to meet the repayment obligations on the Convertible Notes
and other creditors.

The Company expects to update stakeholders on the recapitalization of the
Company on Monday 20 January 2014.

For and behalf of the Board


Don Turvey

Chief Executive Officer


For further information please contact:

Investors/ shareholders
Don Turvey
Chief Executive Officer

Lou van Vuuren
Chief Financial Officer

T: [phone]
E: [e-mail]
W: www.conticoal.com

Media (Australia)
David Tasker
Professional Public Relations
T: [phone]

Nominated Advisor
Stuart Laing
RFC Ambrian Limited
T: [phone]

Brokers
Jeremy Wrathall / Chris Sim             Jonathan Williams
Investec Bank plc                       RFC Ambrian Ltd
T: [phone]                     T : [phone]


About Continental Coal Limited

Continental Coal Limited (ASX:CCC/AIM: COOL) is a South African thermal coal
producer with a portfolio of projects located in South Africa's major coal
fields including three operating mines, the Vlakvarkfontein, Ferreira and
Penumbra Coal Mines, producing approx. 2.2Mtpa of thermal coal for the export
and domestic markets. A Feasibility Study was also completed on a proposed
fourth mine, the De Wittekrans Coal Project.

Forward Looking Statement

This communication includes certain statements that may be deemed
"forward-looking statements" and information. All statements in this
communication, other than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation activities
and events or developments that the Company expects to take place in the future
are forward-looking statements and information. Although the Company believes
the expectations expressed in such forward-looking statements and information
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in the forward-looking statements and information. Factors that
could cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes,
drilling and development results, production rates and operating costs,
continued availability of capital and financing and general economic, market or
business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ
materially from those stated.

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