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James River Coal Company Announces Appointment of Triad Mining President and COO

Posted on: Tuesday, 5 July 2005, 18:00 CDT

RICHMOND, Va., July 5 /PRNewswire-FirstCall/ -- James River Coal Company , a producer of steam- and industrial-grade coal, announced today that Donald W. Arrowsmith has been appointed President and Chief Operating Officer of Triad Mining, Inc.

Mr. Arrowsmith will report to C.K. Lane, Chief Operating Officer of James River Coal Company. Mr. Lane commented, "We are very fortunate to have a person of Don's caliber join our management team. He brings more than 30 years of experience in the engineering and management of multiple mine complexes using both surface and underground mining methods. He also has extensive experience in the acquisition and development of reserves in the Illinois basin and southern Indiana. We welcome him to James River Coal Company."

Mr. Arrowsmith most recently was Senior Vice President and a director of Norwest Corporation. He previously held management positions with Zeigler Coal, AMAX Coal, and Consolidation Coal. Mr. Arrowsmith holds a B.S. in Mining Engineering from Queens University.

FORWARD-LOOKING STATEMENTS: Certain statements in this press release, and other written or oral statements made by or on behalf of us, are "forward- looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the following: a change in the demand for coal by electric utility customers; the loss of one or more of our largest customers; inability to secure new coal supply agreements or to extend existing coal supply agreements at market prices; failure to exploit additional coal reserves, including contiguous reserves to those currently held by Triad; inability to sell the coal from Mine 15 into the metallurgical coal market; failure to diversify our operations; increased capital expenditures; encountering difficult mining conditions; increased compliance costs; bottlenecks or other difficulties in transporting coal to our customers; lack of availability of financing sources; the effects of regulation and competition; additional turnover of employees and independent contractors; the risk that the Company is unable to successfully integrate the Triad business; and the risk factors detailed in our S-1 registration statement initially filed with the Securities and Exchange Commission on April 19, 2005, which factors are incorporated herein by reference. Management believes that these forward-looking statements are reasonable; however, you should not place undue reliance on such statements. These statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

CONTACT: Elizabeth M. Cook, Director of Investor Relations of the James River Coal Company, +1-804-780-3000.

James River Coal Company

CONTACT: Elizabeth M. Cook, Director of Investor Relations of the JamesRiver Coal Company, +1-804-780-3000

Web site: http://www.jamesrivercoal.com/

Source: PRNewswire-FirstCall

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