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Pike River Coal Limited (NZE:PRC) Established Relief Fund.

Wellington, New Zealand, Nov 25, 2010 - (ABN Newswire) - Pike River Coal Limited (NZE:PRC) (PINK:PKRRF) has established a relief fund to support the families and communities of the men who have tragically lost their lives at the Pike River Coal Mine.

The Company has made a contribution of $500,000 to establish the fund.

Pike Chairman, John Dow said, "The Company is very focussed on the impact of this disaster on the families of our miners and on the wider community. This will have a lasting effect on all concerned and we will do what we can to support those affected."

The 'Pike River Miners' Relief Fund' has been established as a charitable trust and trustees will be appointed from the community.

Mr Dow said, "We very much appreciate the messages of support we are receiving and recognise that others have announced ways for the public to provide support. We will work with those parties to centralise these efforts".

Mr Dow noted that New Zealand Oil & Gas Limited (ASX:NZO) had advised him this morning that it would contribute $500,000 to the Fund.

"We will match this with $500,000 from Pike River Coal," Mr Dow said.

Donations to the fund can be made by:

Direct credit to:

Minter Ellison Rudd Watts Trust Account - for Pike River Miner's Relief Fund

National Bank of New Zealand, Featherston Street, Wellington, New Zealand

Account Number: 06-0501-0121759-02

or by Post to: Pike Miners Relief Fund, PO Box 2793, Wellington

About Pike River Coal Limited:

Pike River Coal Limited (NZE:PRC) continues to make good progress in the development of its underground premium hard coking coal mine, located 50 kilometres north east of Greymouth on the South Island's West Coast. Under Pike River's mine plan 17.6 million tonnes of high quality, low ash coking coal will be produced over the mine life for use in the steel making industry, particularly in Asia and the sub-continent. Pike River's hard coking coal will be used by coke and steel makers and will be an important component in the coke making blend due to its low ash, low phosphorous and high fluidity.

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Publication:ABN Newswire
Geographic Code:8NEWZ
Date:Nov 25, 2010
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