Ann: Appointment of Don Turvey to Continentals Bo, page-3

re: Ann: Appointment of Don Turvey to Contine... Well, this was on the cards, and it's great to see it finally done. Wonderful to see Don on the board, at last. DT is steering this ship, that's for sure.

Yesterday I spoke with JB and I can assure you that there is nothing to panic about. The company is in a very busy consolidation phase following the Mashala acquisition. They are running two profitable mines, and developing another (Penumbra), with a BFS & drilling program nearing completion for the DeWittekrans project. Unless anyone here is an industry professional who has worked within the restrictions of SA bureaucracy & legal requirements then it's hard to understand how much work is involved in setting up a new coal mine there, esp. one with a 20year lifespan.

The company is making sure all necessary requirements are fulfilled to ensure they have a well functioning & safe mine at Penumbra. The Botswana drilling program needs to proceed in a well-directed way, given the scale of their land holdings and the large amount of historical data to analyse. CIC Energy have been in Botswana since 2005 and have provided great support to CCC, with their wealth of experience & detailed geological knowledge.

I would encourage anyone who has concerns about their investment in CCC to call JB with your questions, rather than rely solely on second hand reports on HC (including this one), or in particular articles which appear in 3rd world country newspapers with only a fraction of the information, and a political drum to beat.


Don Turvey Appointed to the Board South African focused coal mining producer Continental Coal Limited (ASX: CCC) is pleased to announce the appointment of its Chief Executive Officer, Mr Don Turvey, to the Board of the Company.

Mr Turvey, who has held the position of Continental's CEO since May 2010, and has overseen the ramp up of the Company's Vlakvarkfontein Coal Mine, the acquisition by the Company's South African subsidiary Continental Coal Limited ("CCL") of an initial 64.1% interest in Mashala Resources Pty Ltd and the commencement of export thermal coal sales from Ferreira Coal Mine, will take up his position on 9 March 2011.

"Continental has undergone substantial changes following the appointment of Don Turvey as CEO in May 2010," Continental's Chairman Andy Macaulay said. "The Board has prioritised production from its existing operations and is fully focused on the development of its existing project portfolio and Don's appointment to the Board is recognition of the value he brings to the Company as we progress these initiatives as well as his valued input in implementing broader management controls and greater transparency in reporting." he added.

Mr Turvey said he was pleased to be taking up his role on the Board and was looking forward to working with the other directors and in growing the Company further through successful exploration, development and production from its current thermal coal projects. "This Company is uniquely positioned in South Africa; it has existing operations, a broad portfolio of advanced projects, a highly experienced and proven executive management team and access to the international debt and equity capital markets. This will allow us to deliver on targets and underpins my confidence in our future prospects" said Mr Turvey.