U.S. markets closed

Royal Coal Announces Delay to Filing Annual Financial Statements Caused by COVID-19

Newsfile Corp.

Toronto, Ontario--(Newsfile Corp. - April 28, 2020) - Royal Coal Corp. (the "Company") intends to participate in the blanket relief program announced on March 18, 2020 (the "Blanket Order") by the Canadian Securities Administrators (the "CSA") extending deadlines to file financial statements and Management Discussion and Analysis ("MD&A") the Company confirms that is relying on the relief therein in respect of its audited annual 2019 financial statements and MD&A, which it expects to file by the end of May. Until the Company has filed such financial statements and MD&A, insiders of the Company are subject to the Company's share trading and black-out policy.

Other than as previously disclosed by the Company, there have been no material business developments since the date of the interim financial statements that were filed on March 20, 2020.

For more information, please contact:

Elia Crespo
Corporate Secretary
Tel: (416) 867-9087 ext 2321
Email: elia@griffis.ca

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55049