Corsa Coal Corp. (TSXV:CSO) is pleased to announce that it has increased the size of its previously announced brokered private placement to$20,000,000.

Pursuant to an amended engagement, the syndicate of agents lead by Paradigm Capital Inc., and including GMP Securities Inc. and Pareto Securities Limited, will sell, by way of a private placement on a best efforts basis, common shares (the "Common Shares") of the Company at a price of $0.10 per Common Share for gross proceeds of up to $20,000,000. The Agents have been granted the option (the "Agents' Option") to sell up to an additional 15% of the number of Common Shares issuable in the Offering, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering. All references herein to "$" are to Canadian dollars.

Current insiders of the Company are expected to subscribe for up to 92,000,000 Common Shares at the Issue Price for gross proceeds of up to $9,200,000.

The net proceeds of the Offering will be primarily used for mine development, general corporate and working capital purposes.

About Corsa Coal

Corsa is one of the leading suppliers of premium quality metallurgical coal, an essential ingredient in the production of steel, which is necessary for the secular trends in global utilization. Our core business is supplying metallurgical coal with the highest safety, yield, and strength characteristics to domestic steel producers while being a strategic source of supply in the Atlantic and Pacific basin markets. Corsa also offers high heat content, low delivered cost coal to major utilities and industrial users in the Southeast region of the U.S.