TSXgroup

June 26, 2008

Phoenix Coal Inc. (the "Company") - An application has been granted for the original listing in the Mining category of 216,303,232 common shares and 37,588,580 common share purchase warrants, of which 150,008,268 common shares and 31,428,580 warrants will be issued and outstanding, and 65,294,964 shares and 6,160,000 warrants will be reserved for issuance upon completion the merger (the "Merger") of a wholly-owned subsidiary of the Company with Phoenix Coal Corporation ("PrivateCo").

Subject to the closing of the Merger occurring, scheduled for Friday, June 27, 2008, the common shares and warrants will be listed and posted for trading at the opening on Monday, June 30, 2008.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Additional information on the common shares and warrants can be found in the Company's prospectus dated June 17, 2008 (the "Prospectus") which is available at: www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the final Prospectus.

Common Shares:
Stock Symbol: "PHC"
CUSIP: 71903A 10 6
Trading Currency: CDN

Warrants:
Stock Symbol: "PHC.WT"
CUSIP: 71903A 11 4
Trading Currency: CDN

Temporary Market Maker: Dundee Securities Corp.

Other Markets: The Company, a Capital Pool Company, listed its common shares on TSX Venture Exchange in August, 2007 under the name Marimba Capital Corp. ("Marimba"). Subject to the closing of the Merger occurring as scheduled, Marimba's common shares will be delisted from TSXV prior to the commencement of trading of the Company's common shares on TSX.

Head Office Address: 101 South Fifth Street, Suite 3650
Louisville, Kentucky, 40202

Email Address: dawiley@phxcoal.com

Website: n/a

Head Office Telephone Number: (502) 587-5905

Fax Number: (502) 587-5925

Investors Relations: David Wiley
Tel: (502) 587-5900
Email: dawiley@phxcoal.com

Chief Financial Office and Corporate Secretary: Dustin Angelo

Incorporation: The Company was incorporated under the ABCA in February, 2007, and was listed on TSX Venture Exchange upon completion of its initial public offering raising $300,000 (1,200,000 shares at $0.25 per share). The Company will change its name to Phoenix Coal Inc. upon completion of the Merger.

Fiscal Year End: March 31

Nature of Business: PrivateCo, which, following completion of the Merger, will be a wholly owned subsidiary of the Company, is engaged in the exploration, production and sale of coal from the Illinois Basin. The primary customers are electric utilities and consumers of industrial fuels. The current mining operations and near term development projects are located in Western Kentucky. At December 31, 2007, PrivateCo had 43,652,000 tons of proven and probable coal reserves and 113,316,000 tons of measured and indicated coal resources. During 2007, PrivateCo produced approximately 2,100,000 tons of saleable coal from its owned and controlled mines.

Transfer Agent & Registrar: Computershare Trust Company of Canada at its principal office in Toronto, Ontario.

Dividends: The Company does not anticipate paying dividends in the foreseeable future.

Public Offering: Pursuant to the terms of the Prospectus, 62,857,160 subscription receipts of the Company were sold to the public on June 25, 2008 at $1.75 per subscription receipt by Dundee Securities Corporation, Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., and TD Securities Inc., as agents. Upon completion of the Merger each subscription receipt will be exercisable, for no further consideration, into one unit (a "Unit") comprised of one common share (a "Unit Share") of the Company and one-half warrant. In addition, the agents have been granted an over-allotment option to purchase up to an additional 9,428,572 Unit Shares at $1.62 per Unit Share and/or 4,714,286 warrants at $0.26 per warrant.

Warrants: Each full warrant will entitle the holder to purchase one common share of the Company at $2.25 per share for a period of 24 months from the date of closing of the prospectus offering of subscription receipts. The warrants will be governed by the terms of a warrant indenture dated June 25, 2008 between the Company and Computershare Trust Company of Canada, as trustee. The warrant indenture will provide for appropriate adjustments to the rights of the holders of warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.