Mc Mining Regulatory News (MCM)

ANNOUNCEMENT 22 November 2013

Results of Annual General Meeting

The Directors of the Coal of Africa Limited (the "Company" or "CoAL") are pleased to announce that at the Annual General Meeting of Shareholders held earlier today, the resolutions put to the meeting were passed unanimously by a show of hands.

In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution:

Following the approval of shareholders Mr Meeser will be issued 4,125,000 options, for nil consideration, at an exercise price of 2 South African Rand (approximately 12.17 pence) per Share. 1,375,000 of the options will become exercisable on each of 1 June 2014, 1 June 2015 and 1 June 2016. The expiry date for the Options is 1 June 2018. Mr Meeser is also the beneficial owner of 200,000 shares representing 0.02% of the Company's issued share capital.

For more information contact:

Company advisors:

Investec Bank Limited is the nominated JSE Sponsor

About CoAL:

CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).