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Eastcoal Announces Name Change to Cotec Holdings Corp.

Vancouver, British Columbia – EastCoal Inc (TSX-V: ECX.H) (“EastCoal” or the "Company") is pleased to announce that, further to the Company’s news release dated August 12, 2021, the Company will change its name from "EastCoal Inc." to "CoTec Holdings Corp." under a new trading symbol of “CTH.H” on the NEX Board of the TSX Venture Exchange (the “TSXV”).

The effective date of the name change is August 27, 2021. The new CUSIP for the Company's common shares will be 22165A102 and the new ISIN number will be CA22165A1021.

John Conlon, Chairman of the Company commented: “We are pleased to announce our name change as we believe it accurately represents the Company’s focus on transformational technology with the goal of enhancing the efficiency of commodity extraction, both from an economic and environmental perspective, and the application of these technologies in the Company’s future commodity interests. We believe that the name CoTec Holdings Corp. better suits the Company’s vision going forward. More details on the Company’s revised vision and strategy will be provided in due course”

About EastCoal Inc.

EastCoal Inc. is publicly trading mining issuer currently listed on the NEX Board of the TSXV.

For further information, please contact:

EastCoal Inc.

Attention: Braam Jonker
Phone: 604-992-5600

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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