Coalspur Mines Limited announced positive results from its extensive coal quality test program on the Vista Coal Project, which was undertaken to finalize coal quality specifications and determine the clean coal yield on Vista as part the ongoing Bankable Feasibility Study. The test work demonstrated a substantial 12% improvement in the life of mine clean coal yield to 56% from 50%, as estimated in the Pre-Feasibility Study, and the identification of two separate coal products: Val D’Or and McPherson seams combined and McLeod seam, both now suitable for export markets. These results are expected to further enhance Vista’s overall project economics, which will be included in the BFS, which is expected to be ready for publication in early 2012 following completion at the end of 2011.

Commenting on the positive results, Gene Wusaty, Managing Director and CEO, said “We are very pleased that the extensive coal testing program has not only significantly increased coal yields but at the same time validated the marketing potential of both of Vista’s coal products for the export thermal coal markets. The significant improvement in clean coal yield is very positive for Vista’s project economics as it will increase the additional clean coal produced at Vista and reduce unit mining costs over the life of the mine.”

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