PACIFIC COAL RESOURCES LTD. ANNOUNCES INTENTION TO MAKE A NORMAL COURSE ISSUER BID

TORONTO, July 4, 2011 /PRNewswire/ - Pacific Coal Resources Ltd. (TSXV: PAK) announced today that it has filed a Notice of Intention to commence a normal course issuer bid with the TSX Venture Exchange (the "TSXV").  Under the bid, which is subject to acceptance by the TSXV, the Company will have the right to purchase for cancellation up to a maximum of 10% of common shares in the capital of the Company (the "Common Shares") that comprise the Company's Public Float (as such term is defined in the TSXV Corporate Finance Manual) through the facilities of the TSXV.

There are a total of 333,202,406 Common Shares issued and outstanding as of the date hereof.  Management of the Company will determine the actual number of Common Shares that may be purchased and the timing of any such purchases, subject to compliance with applicable TSX rules.  Purchases made pursuant to the bid will be made in the open market through the facilities of the TSXV and the price that the Company will pay for any such Common Shares will be the market price at the time of the acquisition.

The Company is proposing to commence the bid on July 4, 2011, and have it remain open until the earlier of July 4, 2012 or the date on which the Company has purchased the maximum number of Common Shares permitted under the bid.  The Company has not purchased any Common Shares during the previous year pursuant to any issuer bid.

The Company intends to make the bid because it believes that (i) the Common Shares may be undervalued from time to time in relation to its current and future business prospects, and (ii) the Common Shares may become available during the period of the bid at prices that would make the purchase of such Common Shares for cancellation an appropriate use of available funds and in the best interests of the Company and its shareholders.

About Pacific Coal Resources Ltd.

Pacific Coal Resources Ltd. is a Canadian-based mining company focused on coal, coking coal, asphalt and asphaltite exploration, development and production from prospective producing, development-stage and exploration-stage properties in Colombia. The Company has acquired or entered into agreements to acquire various interests in several operating coal mines and projects, representing a substantive coal and asphaltite exploration and production area throughout Colombia. Pacific Coal is committed to implementing its exploration and development strategy with a comprehensive environment, safety and community program, meeting international standards of best practice.

Forward Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Pacific Coal to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Pacific Coal disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Neither 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 news release.

SOURCE Pacific Coal Resources Ltd.

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