Canada Coal Inc. announced that it has signed a non-binding Letter of Intent with Honu Inc. The LOI provides for a 90-day period of exclusivity, which will allow both parties to exchange information and maintain confidentiality as each party seeks to determine whether mutually beneficial business opportunities may exist. The LOI does not represent a change of business for the company. The LOI contains no terms of compensation, and does not contemplate a definitive agreement between the parties.