Coalspur Mines Limited: Progress of Mine Permit and Processing Plant Approval

CALGARY, April 25 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) is pleased to announce that the Government of Alberta has issued three Orders In Council which authorize the Energy Resources Conservation Board (the "ERCB") to:

1. amend Approval No. C 82-2 by changing the holder's name for the Coal Processing Plant #8 approval to a subsidiary of the Company;

2. amend Mine Permit No. C82-60 into two distinct mine permits; and

3. transfer one of the two new distinct mine permits (McPherson Creek Mine No. 1815) to a subsidiary of the Company.

As of the date of this press release, the above amendments and transfers have not yet been effected by the ERCB and Coalspur has not received any documentation regarding the amendments and transfers, however the Company expects to receive documentation regarding the amendments and transfers shortly.

Coalspur has not yet been advised of the conditions and requirements that will be included in the permits.



Forward Looking Statements

This news release contains 'forward-looking information' that is based on the Company's expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the Company's permits and approvals, business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral reserves and resources, scoping, pre-feasibility and other studies, results of exploration and related expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as 'expect', 'potential', 'outlook', 'anticipate', 'project', 'target', 'likely', 'believe', 'estimate', 'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will', 'plan', 'forecast', "evolve" and similar expressions. Persons reading this news release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to the risk factors set out in the Company's Annual Information Form. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

The Company disclaims any intent or obligation to update or revise any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise, unless required to do so by law.



For further information:

Gene Wusaty
Managing Director and CEO
Telephone: +1 403 975 7901