Warrior Met Coal Upgraded to “B” by S&P Global Ratings

BROOKWOOD, Ala.–(BUSINESS WIRE)–Warrior Met Coal, Inc. (“Warrior” or the “Company”) (NYSE: HCC)
announced today that Standard & Poor’s (“S&P”) Rating Services has
raised the Company’s corporate credit rating from B- to B, with a stable
outlook. At the same time, S&P raised the issue-level rating on the
Company’s Senior Secured Notes due 2024 from B- to B+ and the recovery
rating to 2 from 3. S&P cited the Company’s strong performance, strong
credit metrics and stable outlook as reasons for its new ratings. The
upgrade reflects S&P’s view about Warrior’s ability to increase
production with its low cost structure and capitalize on robust demand
in a favorable met coal price environment, enabling it to generate
strong margins and cash flows.

Warrior is a large-scale, low-cost U.S. based producer and exporter of
premium hard coking coal (“HCC”) operating highly efficient longwall
operations in its underground mines located in Alabama. The HCC that
Warrior produces from the Blue Creek coal seam contains very low sulfur
and has strong coking properties, and is of a similar quality to coal
referred to as the premium HCC produced in Australia. The premium nature
of Warrior’s HCC makes it ideally suited as a base feed coal for steel
makers and results in price realizations near the HCC industry average
index price. Warrior sells all of its met coal production to steel
producers in Europe, South America and Asia. For more information about
Warrior Met Coal, please visit www.warriormetcoal.com.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical facts, included in this
press release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the future
are forward-looking statements, including statements regarding
production growth, ability to maintain cost structure, demand and the
future direction of prices. The words “believe,” “expect,”
“anticipate,” “plan,” “intend,” “estimate,” “project,” “target,”
“foresee,” “should,” “would,” “could,” “potential,” “outlook,” or other
similar expressions are intended to identify forward-looking statements.
However, the absence of these words does not mean that the statements
are not forward-looking. These forward-looking statements are not
guarantees of future performance and involve risks and uncertainties. It
is possible that the results described in this press release will not be
achieved due to certain factors, including changes in business, economic
and competitive conditions, regulatory reforms, foreign exchange rate
fluctuations, uncertainties in litigation or investigative proceedings,
and the availability of financing. Information concerning these and
other factors can be found in the Company’s filings with the U.S.
Securities and Exchange Commission (“SEC”), including its Registration
Statement on Form S-1 (File No. 333-216499) and Form 10-Q for the
quarterly period ended September 30, 2017 and other reports filed from
time to time with the SEC. The Company’s filings with the SEC are
available on the SEC's website at www.sec.gov.

Any forward-looking statement speaks only as of the date on which it
is made, and, except as required by law, the Company does not undertake
any obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise. New
factors emerge from time to time, and it is not possible for the Company
to predict all such factors.

Contacts

Warrior Met Coal, Inc.
Analysts and Investors:
Dale W. Boyles,
205-554-6129
or
News Media:
William Stanhouse,
205-554-6131