Coalspur Mines Ltd is a coal exploration and development company with over 32,000 hectares of coal exploration leases located within the Hinton region of Alberta, Canada.

Coalspur has offices in Calgary and Hinton in Canada as well as in Australia. The Company’s goal is to develop a major new thermal export coal region in Alberta to meet growing energy demands worldwide and in particular of the insatiable Asia Pacific market. The Company is dual listed on the Toronto Stock Exchange (“TSX”) under the symbol "CPT" and on the Australian Securities Exchange ("ASX") under the symbol "CPL".

The Vista Coal Project covers approximately 8,700 hectares and contains over 20km of continuous gently dipping strike length and a Measured and Indicated Coal Resource base of over 900 million tonnes of low sulphur, high volatile bituminous, export quality thermal coal. The Company’s recently completed Pre-Feasibility Study (“PFS”) defined an initial marketable reserve of over 260 million tonnes on the Vista Coal Project which makes it one of the largest undeveloped export orientated thermal coal projects in North America.

The PFS was undertaken by Wardrop, a Tetra Tech company (“Wardrop”), one of North America’s leading coal industry engineering consulting firms. The PFS defined a 31 year mine life producing approximately 9.0 million tonnes per annum (“Mtpa”) of saleable coal from the processing of approximately 18.0Mtpa of run of mine (“ROM”) coal. Initial development costs for the Vista Coal Project are expected to be ~C$580 million.

The Vista Coal Project is able to leverage off already established first world infrastructure, with CN rail facilities located adjacent to the Project that are substantially underutilised and provide a rail track suitable for the transport of coal to deepwater ports with excess capacity that already service the growing demand from the Asian Pacific Rim countries, including China, Japan and Korea.

In addition the Company holds leases directly south west of the Vista Coal Project named Vista South. The Vista South Project area covers over 23,000 hectares extends for over 25km on each of the northern and southern limb of the Entrance Syncline which the company believes has the potential to host a significant coal resource. First phase drilling in the area together with existing historical information has allowed the Company to define an initial Measured and Indicated Coal Resource of 93 million tonnes. Further drilling and potential resource upgrades are scheduled during 2011 on Vista South.

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