Corsa Coal Announces Results of Annual and Special Meeting

FRIEDENS, June 16, 2022 - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company") today announced the results of its annual and special meeting of shareholders held earlier today (the "Meeting").

At the Meeting, the following five nominees were re-appointed as directors of the Company (the "Board") to hold office until the close of the next annual meeting of the Company's shareholders: John H. Craig, Alan M. De'Ath, Robert Scott, Ronald G. Stovash and Robert C. Sturdivant. Coulter & Justus, P.C. was re-appointed as auditors of the Company. Shareholders also approved and ratified the Company's third amended and restated stock option plan (the "Option Plan"), in accordance with the requirements of the policies of the TSX Venture Exchange, and ratified the Company's shareholder rights plan dated December 17, 2021, which now remains in effect until the date on which the Company's annual meeting of shareholders is held in 2025, unless terminated sooner in accordance with its terms. The Company's management information circular containing additional details surrounding the items of business at the Meeting is available under the Company's profile on SEDAR at www.sedar.com.

Information about Corsa

Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Our core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets.

The TSX Venture Exchange has in no way passed on the merits of this news release. 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 accuracy of this release.

SOURCE Corsa Coal Corp.