Fortbridge Media Release

Endocoal Limited [ASX:EOC] - Endocoal welcomes FIRB Approval for U&D Mining Scheme of Arrangement  

Highlights

 FIRB approval received for U&D Mining scheme of arrangement
 Ernst & Young appointed as independent expert
 Transaction timetable remains on track for expected completion in March 2013

FIRB Approval

Endocoal Limited (ASX: EOC, Endocoal) welcomes receipt of the letter issued by the Foreign Investment Review Board (FIRB), dated 5 December 2012, stating that there are no objections to the acquisition of Endocoal by U&D Mining Industry Australia (U&D Mining). FIRB has also stated that it has no objections to the provision of the A$4.0 million loan facility to Endocoal.

The FIRB letter is attached to this announcement.

FIRB�s approval of the transaction and loan facility satisfies a key condition outlined in the Scheme Implementation Agreement agreed with U&D Mining and which was announced to the ASX on 29 October 2012.

Endocoal notes that the approval was received within the mandatory Foreign Investment Review Board review period and is confident the scheme timetable remains consistent with that previously announced to the ASX.

[To read more please see attachment.]