PACIFIC COAL ANNOUNCES OPERATIONAL UPDATE AND ENTERS INTO AN INVESTMENT OPTION AGREEMENT WITH ALPHA VENTURES FINANCE INC., NANO DISPERSION TECHNOLOGY INC., AND BIOENERGY INTERNATIONAL INC.

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[{"type":"text","content":"\n\n\n Apr. 6, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, April 6 /CNW/ - Pacific Coal Resources Ltd. (TSX-V: PAK)\n ("Pacific Coal" or the "Company") announced today an operational update\n which demonstrates the progress of the Company to-date, and the\n entering into of an investment option agreement with Alpha Ventures\n Finance Inc. ("ALPHA"), Nano Dispersion Technology Inc. ("NDT"), and\n Bioenergy International Inc. ("BIOINT"), all companies incorporated\n under the laws of Panama.\n\n\nLuis Carvajales, Chief Executive Officer of Pacific Coal, commented: "We\n are very pleased to already see the results of increased efficiencies\n at our La Caypa mine, which show that our mine plan is on track for\n meeting our production and cost estimates. We are looking ahead to\n secure transportation capacity for our planned growth and minimize any\n possible logistical issues. Our new investment in BIOINT supports our\n plan to become a leader in the growing industry of asphaltite\n production."\n\n\nCurrent production at La Caypa\n\n\n\n\nPeriod\n\n\nProduction\n(metric tonnes)\n\n\nStrip Ratio\n\n\nExports\n\n\n\n\nQ1\n\n\n361,771\n\n\n7.1:1\n\n\n357,606\n\n\n\n\n\nActual production represents an increased annualized rate of over 1.3\n million tonnes vs. management's projection of 1.2 million tonnes.\n\n\nActual strip ratio of 7.1:1 vs. management's estimate of 8.7:1\n represents an approximate reduction of...

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