Minecorp Energy Ltd. V.GMZ

Mongolian project

[bikeman99]

GLOBAL MET COAL SIGNS LETTER OF INTENT
TO ACQUIRE PROJECT IN MONGOLIA
November 4, 2011:   Global Met Coal Corporation (Symbol: TSXV-GMZ) (the “Company”) 
announces that it has signed a letter of intent dated October 20, 2011 (the “LOI”) with Mongoin Gol 
Energy LLC (“MG Energy”) to purchase an interest in a metallurgical coal mine located in the region  of 
Khusvgal, Northwest Mongolia (the “Project”). Coal produced at the Project is currently exported to 
Russia.
MG Energy is the private Mongolian company that operates the Project. Mongoin Gol LLC (“Mongoin 
Gol”) is a public Mongolian company that is listed on the Mongolian Stock Exchange and that owns the 
mining licence related to the Project. 
Terms of LOI
Under the LOI the Company has agreed to purchase an interest in the Project and MG Energy has agreed 
to transfer or cause to be transferred to the Company or its subsidiary the following:
(a) shares of Mongoin Gol representing 35% of the total outstanding Mongoin Gol shares (the 
“Pubco Shares”); and
(b) shares of MG Energy representing 50% of the outstanding MG Energy shares (the “MG Energy 
Shares”).
Purchase Price
In consideration of the Pubco Shares, the Company has agreed to pay and issue to MG Energy or the 
selling shareholders of Mongoin Gol, as applicable, US$8,000,000 and 5.4 million shares of the 
Company. Subject to approval of the TSX Venture Exchange (the “Exchange”), the Company has agreed 
to advance US$500,000 to MG Energy prior to closing.  Upon closing of the transactions contemplated 
by the LOI, the payment of US$500,000 will be applied toward the cash portion of the purchase price.
Concurrently with closing of the acquisition by the Company of the Pubco Shares, MG Energy agrees to 
cause one or more of shareholders of MG Energy to transfer the MG Energy Shares to the Company in 
consideration of payment of US$250,000.
If the Company fails to close the transactions contemplated by the LOI, then all funds that the Company 
has advanced to MG Energy will become a break fee and MG Energy will be relieved from the obligation 
to repay such advances to the Company.  
GLOBAL 
MET
COAL 
CORPORATION
TSX-V  GMZ
Global Met Coal Corporation
Suite 204 – 837 West Hastings Street
Vancouver, BC  Canada V6C 3N6
T   604-632-0085
F   604-689-36092
Due Diligence 
MG Energy will give the Company the right to conduct due diligence investigations related to the Project 
and for that purpose, will give the Company and its representatives access to:
(a) all exploration and mining information, data, analyses, maps, reports, books and records, and 
documents; 
(b) plant/mill, other buildings, machinery, equipment, vehicles and infrastructure; 
(c) stock, properties, leases, licenses, relevant agreements and contracts; and 
(d) all other information and documents relating to or used in connection with the Project.
MG Energy will permit the Company conduct such tests, investigations, exploration and other activities 
and use such equipment and personnel as the Company deems necessary to review the extent and quality 
of coal on the Project.  
Loan to MG Energy
On July 5, 2011, the Company loaned US$250,000 to MG Energy. The loan is intended to be secured by 
a pledge of shares held by a shareholder of MG Energy representing 50% of the total issued and 
outstanding shares. 
Conditions of Closing: 
The closing of the purchase of the 35% equity interest in Mongoin Gol and the 50% equity interest in MG 
Energy is subject to fulfillment of the following conditions:
(a) the Company and MG Energy will have negotiated and signed a formal agreement not later than 
November 30, 2011; and
(b) the Exchange will have accepted the transactions contemplated by the LOI.
The Company has engaged SRK Consulting (UK) Ltd. to prepare a technical report relating to the Project 
in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Completion of the acquisition of interests in the Project is subject to a number of conditions, including 
Exchange acceptance.  There can be no assurance that the transaction will be completed as proposed or at 
all. Trading in the securities of the Company should be considered highly speculative. 
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has 
neither approved nor disapproved the contents of this press release.3
ABOUT GLOBAL MET COAL
Global Met Coal Corporation is an exploration and development company currently focusing on the 
acquisition of advanced stage properties with special emphasis on metallurgical coal projects.  The 
Company’s strategy is to maximize shareholder value through successful exploration and development.
In addition to this proposed acquisition, the Company is also investigating other met coal development 
projects in North America and Asia.
For further information, please contact: George Heard, CEO, President & Director, phone: [phone] 
or email: [e-mail].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in th

[nigel89]

Good find Bikeman. Sub $6 million mkt cap with interesting properties and 43-101 on the way.  Hopefully they can raise the funds needed without diluting the company too much.  Quite a bit of .15c paper becoming free-trading this month, but if they can get through that and ultimately exercise the warrants, they should be in good shape.