TIDMATC

RNS Number : 1779V

Atlantic Coal PLC

09 January 2012

Atlantic Coal plc/Index: AIM/Epic: ATC/Sector: Mining

US Index: OTCQX/ Symbol: ATCLY

9 January 2012

Atlantic Coal plc ("Atlantic Coal" or the "Company")

Update on option to lease a 410 acre Pennsylvanian anthracite mining property

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, is pleased to announce that the Board of Reading Anthracite Company ("RAC") has approved the lease option agreement (the "Lease Option") over the fully permitted 410 acre Pott & Bannon anthracite mining property in New Castle Township, Schuylkill County, Pennsylvania (the "Property"). As a result the US$250,000 payment made to RAC in order to secure its entry into the Lease Option has been released to RAC unconditionally.

Additionally Atlantic Coal announces that as part of the due diligence process it has appointed John T. Boyd & Company, a qualified person within the meaning of the AIM Rules for Companies, to confirm the resource information provided to the Company, further details of which are contained in the Company's announcement made on 3 January 2012. The Company intends to submit the permit transfer application shortly and further updates regarding the Lease Option will be made at the appropriate time.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

 
 Steve Best          Atlantic Coal plc              Tel: 020 3328 5670 
 Nick Naylor         Allenby Capital Limited        Tel: 020 3328 5656 
 Alex Price          Allenby Capital Limited        Tel: 020 3328 5656 
 Peter Rose          Fox-Davies Capital Limited     Tel: 020 3463 5030 
 Simon Leathers      Fox-Davies Capital Limited     Tel: 020 3463 5010 
 Hugo de Salis       St Brides Media & Finance      Tel: 020 7236 1177 
                      Limited 
 Elisabeth Cowell    St Brides Media & Finance      Tel: 020 7236 1177 
                      Limited 
 Richard E. Cooper   Cooper Global Communications   Tel: +1 (212) 209 
                                                     7360 
 Jennifer K.         Cooper Global Communications   Tel: +1 (212) 209 
  Zimmons                                            7360

This information is provided by RNS

The company news service from the London Stock Exchange

END

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