Eastcoal Inc.: Appointment of Chief Financial Officer and Other Management Changes

VANCOUVER, BC / ACCESSWIRE / June 3, 2015 / EastCoal Inc. (NEX: ECX.H) ("EastCoal" or the "Company") is pleased to announce the appointment of Mr. D Forer as Chief Financial Officer of the Company.

Mr. Forer has extensive financial reporting, transactional and restructuring experience across several industries and has been serving as the Company's Group Financial Controller since October 2012. Mr. Forer qualified as a Chartered Accountant in Australia.

The Company's Chief Executive Officer, Mr. H Dietrichsen, will, in addition to his roles as Chief Executive Officer and Director, also assume the role of President of EastCoal.

EastCoal's current President and Acting Chief Financial Officer, Mr. A Jonker, will become a Non-Executive Director and member of the Audit Committee of the Company.

These changes are effective immediately.

Mr. Dietrichsen commented "Since joining EastCoal, Mr. Forer has been a key and valuable member of our management team and he has played a pivotal role in the recent restructuring of the Company. His appointment as Chief Financial Officer is a natural next step.

Mr. Jonker becoming a Non-Executive Director improves the balance of the Board of Directors between Executive and Non-Executive Members and the Company's ability to exercise good governance as it continues its search for viable opportunities in the mining industry."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or responsibility of this release.

Contact:

EastCoal Inc.
Hendrik Dietrichsen, CEO and President
+44 (75) 9260 5241

SOURCE: EastCoal Inc.