9 September 2014


Company Announcements Office
Australian Securities Exchange
Level 6, 20 Bridge Street
SYDNEY NSW 2000


Via E Lodgement


     UNDERWRITTEN ENTITLEMENT ISSUE PROSPECTUS DESPATCHED TO SHAREHOLDERS

Continental Coal Limited ("CCC" or the "Company") confirms that the Entitlement
Issue Prospectus for its non-renounceable entitlement issue as announced on 28
August 2014, to raise approximately A$35.1m by way of the issue of up to
7,035,234,408 new shares has been despatched to shareholders.


For and on behalf of the Board


Peter Landau
Executive Director


For further information please contact:

Investors                               Shareholders Media (Australia)

Peter Landau                            David Tasker
Continental Coal Limited                Professional Public Relations
T: + 61 8 9488 5220                     T: +61 8 9388 0944
E: peter@conticoal.com                  E: David.Tasker@ppr.com.au

Nominated Advisor                       Brokers(UK)

Oliver Morse/Trinity McIntyre           Jonathan Williams
RFC Ambrian Limited                     RFC Ambrian Ltd
T: +61 8 9480 2500                      T: +44 203 440 6817


About Continental Coal Limited

Continental Coal Limited (ASX:CCC/AIM: COOL) is a South African thermal coal
producer with a portfolio of projects located in South Africa's major coal
fields including two operating mines, the Vlakvarkfontein and Penumbra Coal
Mines, producing approx. 2Mtpa of thermal coal for the export and domestic
markets. A Feasibility Study was also completed on a proposed third mine, the
De Wittekrans Coal Project with a mining right granted in September 2013.

Forward Looking Statement

This communication includes certain statements that may be deemed
"forward-looking statements" and information. All statements in this
communication, other than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation activities
and events or developments that the Company expects to take place in the future
are forward-looking statements and information. Although the Company believes
the expectations expressed in such forward-looking statements and information
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in the forward-looking statements and information. Factors that
could cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes,
drilling and development results, production rates and operating costs,
continued availability of capital and financing and general economic, market or
business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ
materially from those stated.

                           South Africa Australia

    T +27 11 881 1420 F +27 862064487 W T +61 8 9488 5220 F +61 8 9324 3400 W
                      www.conticoal.com www.conticoal.com

   9th Floor Fredman Towers, 13 Fredman Ground Floor, 1 Havelock Street, West
                    Drive, Sandton 2196 Perth, WA 6005

            PO Box 787646, Sandton 2146 PO Box 684, West Perth, WA 6872

  Interim Executive Chairman: Dr Paul D'Sylva Interim Executive Director: Mr
                                 Peter Landau

       Non-Executive Directors: Mr Connie Molusi and Dr Lars Schernikau

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