Puda Coal, Inc. Reviewing Allegations

TAIYUAN, China, April 9, 2011 /PRNewswire-Asia/ -- Puda Coal, Inc. (NYSE AMEX: PUDA) ("Puda Coal" or the "Company"), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China and consolidator of nine coal mines in Pinglu County Yuncheng City known as Pinglu Project and four coking coal mines in Huozhou County Linfen City known as Jianhe Project in Shanxi Province, today announced that it is currently reviewing the allegations regarding improper share transactions by the Company's Chairman, Mr. Ming Zhao, which were published on an investor website on April 8, 2011. The Company intends to provide a formal response to the allegations as soon as practical.

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