Forbes & Manhattan (Coal) Inc. (”Forbes Coal” or the “Company”) is a TSX-listed coal producer with operations in South Africa. Our vision is to build a high quality coal company with potential production capacity in excess of 10 million tonnes per year.

Our operating Magdalena and Aviemore mines have a substantial resource base of 51.7 million tonnes of bituminous (also known as thermal or steam coal) and 35.7 million tonnes of anthracite coal (with an additional 15.1 tonnes inferred). Both underground mines have expansion potential, and as part of its near-term plans, Forbes Coal intends to increase in total production from existing levels of approximately 1.5 million saleable tonnes per annum in the next two to three years.

Currently the Company has access to 197,000 tonnes per annum of export capacity at the Richards Bay coal terminal. By 2013, Forbes Coal will incrementally increase its export capacity at Richard Bay by 960,000 tonnes for a total export capacity of 1,157,000 tonnes per annum.

Forbes Coal signed an offtake agreement with global energy trader Vitol S.A. in April 2011. Over the next three years Vitol S.A. will purchase 1.75 million tonnes (total) of thermal coal from the Company at market prices. This offtake agreement provides Forbes Coal with steady cash flows that will be re-invested in the Company as it continues to grow.

The Magdalena and Aviemore mines are located in the Klipriver coalfield, near Dundee, in the Kwa-Zulu, Natal province of South Africa, and can be accessed via the N3, N11 Ladysmith and R102 Dundee tarred national highways that run between Johannesburg and Durban, South Africa.

Forbes Coal's properties are strategically located in one of the best developed coal markets in the world and are host to producing mines supported by excellent growth margins and free cash flow.

Richard Bay coal terminal is a deep-sea port, 190 kilometers north of Durban along the Indian Ocean. The terminal is the world's largest coal export facility, able to handle large ships and volumes and is accessible to the town of Dundee via the Richards Bay coal terminal rail line.

Forbes Coal acquired the Magdalena and Aviemore mines through a 100% interest in Slater Coal (Pty) Ltd., a South African company which has a 70% interest in Zinoju Coal (Pty) Ltd. ("Zinoju"). Zinoju holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine, as well as access to the 197,000 tonnes of export capacity.

Forbes Coal is an Ontario company and is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.