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Corporate changes at Acacia Coal

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World Coal,

Acacia Coal has appointed High Callaghan and Rob Scott as Executive Directors of the company.

Scott was formerly in the management team of Uramin Inc., which was sold for US$2.5 billion to Areva.

Callaghan was the founding Managing Director of Riversdale Mining, which sold to Rio Tinto for $3.9 million. Following Riversdale, he invested in and developed copper projects in Chile, potash projects in West Africa and the US, and consulted to coal companies in the US, UK, Canada, Australia, Zimbabwe and Columbia.

The company has also welcomed Peet Snyders as Chief Operating Officer and Filippo Faralla as General Manager Strategy & Marketing to its Executive Management team.

Snyders is a mining engineer with 35 years of experience that includes coal, iron ore, chrome, diamonds, platinum and gold. He is currently a Non Executive Director of Exxaro Resources, one of the largest South African diversified resources companies.

Faralla is a coal expert with over 20 years’ worth of experience in the mining industry, the majority of which being in metallurgical coal and anthracite.

According to Acacia, it has undertaken these changes on the strength of the results of its recent assessment of its proposed new flagship asset, the Riversdale Anthracite Colliery (RAC).

The company believes these appointments indicated the confidence that Acacia has in respect of the RAC project and the company now has a tier one, first class board and management with significant global in-country development and operational expertise that is positioned to take the RAC forward.

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