Long Harbour Exploration Corp. (TSX VENTURE:LHC) (the "Company") is pleased to
provide an update on its Letter of Intent to purchase coal and coal related
assets operated in Pike County and Floyd County, Kentucky and owned by Pyramid,
Inc. 


The assets are located in the renowned Pikeville Coal district, Kentucky's key
coal mining district. Currently, Pyramid Inc. sells its coal production into the
US pulverized coal injection ("PCI") market for the steel manufacturing
industry; however, it has also commenced the process of exploring Asian
metallurgical coal markets due to its high quality product and advantageous
logistics location. The mine is located 80 miles from river loadout facilities
that allow access to ports in the Gulf of Mexico. 


Pyramid's property maintains 5 underground and two surface mining permits; two
of the underground permits are currently utilized, producing approximately
25,000 tons per month. Planning for the surface mine has already commenced and
is expected to require minimum infrastructure costs. In addition, Pyramid owns
all land associated with its direct mining operations and therefore is not
required to pay third party land royalties.


Long Harbour Exploration CEO, Peter Espig, commented, "We are very pleased with
our progress and continue to move ahead with our due diligence, including
logistics pricing and negotiations with Asian metallurgical coal buyers, and
will commence the process to complete a National Instrument 43-101 compliant
technical report prior to signing a definitive agreement."
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