Anker Updates Tender Amount of Exchange Offer

Apr 11, 2001, 01:00 ET from Anker Coal Group, Inc.

    MORGANTOWN, W.Va., April 11 /PRNewswire/ -- Anker Coal Group, Inc. (the
 "Company") announced today that it was advised by the exchange agent that an
 additional $3.3 million of its outstanding 14.25% Series B Second Priority
 Senior Secured Notes due 2007 (PIK through April 1, 2000) (the "Notes") have
 been tendered in the exchange offer.  As a result, as of 9:15 a.m. today, an
 aggregate principal amount of $32.9 million of Notes had been tendered and not
 withdrawn.  Completion of the exchange offer is subject to the condition that
 at least $34.2 million of Notes be validly tendered and not withdrawn.  The
 exchange offer is scheduled to expire at 11:00 a.m. today, unless further
 extended.
 
     This release may contain statements that constitute forward-looking
 statements within the meaning of the Private Securities Litigation Reform Act
 of 1995.  Such forward-looking statements are not guarantees of future
 performance and involve risks and uncertainties.  Actual results may differ
 materially from those described or implied herein as a result of various
 factors, many of which are beyond the Company's control.
     Anker Coal Group, Inc. and its subsidiaries produce and sell coal used
 principally for electric generation and steel production in the eastern United
 States.
 
     For more information, please contact Bruce Sparks of Anker Coal Group,
 Inc. at 304-594-1616.
 
     This announcement is not an offer to exchange nor a solicitation of an
 offer to exchange.  The offer is made only by an Offer to Exchange dated
 February 23, 2001 and the related Letter of Transmittal.
 
 

SOURCE Anker Coal Group, Inc.
    MORGANTOWN, W.Va., April 11 /PRNewswire/ -- Anker Coal Group, Inc. (the
 "Company") announced today that it was advised by the exchange agent that an
 additional $3.3 million of its outstanding 14.25% Series B Second Priority
 Senior Secured Notes due 2007 (PIK through April 1, 2000) (the "Notes") have
 been tendered in the exchange offer.  As a result, as of 9:15 a.m. today, an
 aggregate principal amount of $32.9 million of Notes had been tendered and not
 withdrawn.  Completion of the exchange offer is subject to the condition that
 at least $34.2 million of Notes be validly tendered and not withdrawn.  The
 exchange offer is scheduled to expire at 11:00 a.m. today, unless further
 extended.
 
     This release may contain statements that constitute forward-looking
 statements within the meaning of the Private Securities Litigation Reform Act
 of 1995.  Such forward-looking statements are not guarantees of future
 performance and involve risks and uncertainties.  Actual results may differ
 materially from those described or implied herein as a result of various
 factors, many of which are beyond the Company's control.
     Anker Coal Group, Inc. and its subsidiaries produce and sell coal used
 principally for electric generation and steel production in the eastern United
 States.
 
     For more information, please contact Bruce Sparks of Anker Coal Group,
 Inc. at 304-594-1616.
 
     This announcement is not an offer to exchange nor a solicitation of an
 offer to exchange.  The offer is made only by an Offer to Exchange dated
 February 23, 2001 and the related Letter of Transmittal.
 
 SOURCE  Anker Coal Group, Inc.