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Lotta Coal Completes Wells &Amp; Undertakes Testing

Posted on: Thursday, 17 January 2008, 09:00 CST

Lotta Coal (PINKSHEETS: LCOL) (FRANKFURT: LC5) today announced that it has completed its 7 wells on the Boyer Field and will complete its pressure and production testing this week.

According to the company, wells# (13-21-109-19 W5), (15-31-108-19 W5), (1-13-108-19 W5), (2-6-109-19 W5), (1-25-108-19 W5), (1-18-109-19 W5), (15-33-108-19 W5), all tested positive and will produce commercial volumes of gas. Once the testing is completed, the data will be analyzed by Reliance Engineering Group Ltd., in order to obtain an independent reserve report (51-101) and said report is expected to be released by or before February 20, 2008.

"We are very happy with the results and look forward to the release of the 51-101 to finally confirm production and reserve potentials beyond our initial expectations," said Dr. Nicolas Matossian, President and CEO of Lotta Coal. "We will now concentrate on the construction of the feeder pipeline to begin producing from our gas wells, and immediately start planning for the balance of our development drilling program in Boyer," further added Dr. Matossian.

About Lotta Coal Inc.

Lotta Coal Inc. is a unique oil and gas company with three separate wholly owned operating subsidiaries, each with rights to explore and develop oil and gas resources in partnership with different First Nations commercial entities in Northern Alberta, Canada. The Company is publicly traded on the over-the-counter market under the Ticker symbol LCOL, and in Frankfurt LC5.

 Shares Outstanding:     228,000,000 Shares Authorized:      400,000,000 Approx. Public Float:   22,000,000 

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates,""believes,""could,""expects,""intends,""may,""should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

 Contact: Ron Evans Chief Financial Officer info@lottaenergy.comwww.lottaenergy.com

SOURCE: Lotta Coal Inc.

Source: MARKET WIRE

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