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Thu 10 Jul 2008, 9:00 CZA - Coal of Africa Limited - Clarification
CZA
CZA                                                                             
CZA - Coal of Africa Limited - Clarification                                    
Coal of Africa Limited                                                          
(previously, "GVM Metals Limited")                                              
(Incorporated and registered in Australia)                                      
(Registration number ABN 008 905 388)                                           
Share code on the JSE Limited: CZA                                              
ISIN AU000000CZA6                                                               
Share code on the Australian Stock Exchange Limited: CZA                        
ISIN AU000000CZA6                                                               
(`CoAL` or `the Company`)                                                       
CLARIFICATION                                                                   
Further to the article in today`s Financial Review reporting that ArcelorMittal 
is poised to make a GBP2.35 a share bid for Coal of Africa, the Company confirms
it has not been made aware of any proposed bid as reported.                     
AUTHORISED BY:                                                                  
Shannon Coates                                                                  
Company Secretary                                                               
For more information contact:                                                   
Simon Farrell, Managing Director                                                
CZA                                                                             
+61 417 985 383                                                                 
Olly Cairns / Romil Patel                                                       
Blue Oar Securities Plc                                                         
+618 6430 1631 or +44 20 7448 4400                                              
Jos Simson/ Leesa Peters                                                        
Conduit PR                                                                      
+44(0) 20 7429 6603                                                             
Petronella Gorrie                                                               
The Event Shop +27 82 827 8815                                                  
www.coalofafrica.com                                                            
About CoAL:                                                                     
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition,        
exploration and development of thermal and metallurgical coal projects. The     
Company`s key projects, along with its leading metals processing company NiMag  
Group (Pty) Ltd are in South Africa. The                                        
Company was incorporated in Western Australia and listed in 1980. Since 2005,   
the Company has also listed on both the AIM and JSE markets, allowing further   
growth in the Company`s coal assets.                                            
Date: 10/07/2008 09:00:01 Produced by the JSE SENS Department.                  
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