MONTREAL--(MARKET WIRE)--Sep 2, 2008 -- Lotta Coal, Inc (Other OTC:LCOL.PK - News) today announced a change to its board of directors and management further to a vote by shareholders representing majority consent, whereby Ronald Evans, Allen Soltis and David Hayes have been removed from the board of directors and any and all offices held at the company as well as from any and all subsidiaries including but not limited to Peace West Energy Corp., and Lesser Slave Lake Exploration.

The majority shareholders have appointed Jean-Francois Amyot, Dr. Simon Phaneuf and Marc Gagnon as Directors of the companies and Jean-Francois Amyot, was nominated President and CEO of the company and Marc Gagnon as Chief Financial Officers.

"All shareholders need to be informed and deserve a full and complete disclosure and we will prepare an update for our shareholders and inform them on the results of our recent drilling on our Lesser Slave Lake property as well as issues with the E.R.C.B., and financing requirements to name a few items," said Jean-Francois Amyot, President of Lotta Coal Inc. "Allen Soltis and Ron Evans were truly instrumental in taking this project this far and we thank them for their dedicated work as we now focus our efforts to achieving production and concentrating our efforts on oil and gas developments," further added Mr. Amyot.

About Lotta Coal

Lotta Coal Inc. is a unique oil and gas company with three separate wholly owned operating subsidiaries, each with rights to explore and develop oil and gas resources in partnership with different First Nations commercial entities in Northern Alberta, Canada. The Company is publicly traded on the over-the-counter market under the Ticker symbol: LCOL.

Important Information About Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the Company's website does not constitute a part of this release.

     Contact:
     Jean-Francois Amyot
     President
     Tel (514) 334-3131