Coalspur appoints Vice President, operations to lead Vista into commissioning and production

CALGARY, Feb. 5, 2013 /CNW/ - Coalspur Mines Limited ("Coalspur") (ASX: CPL, TSX: CPT) is pleased to announce the appointment of Mr. Richard Tremblay to the position of Vice President, Operations ("VP, Operations").

Mr. Tremblay has 22 years of experience in the industry and joins Coalspur from Teck Coal where he was most recently General Manager Business Improvement - Mining and Processing. For the previous six years he was the General Manager at Teck Coal's Fording River operation located in British Columbia, Canada. The Fording River operation is the largest metallurgical coal mine in Canada with over 1,200 employees and a capacity to produce up to 10 million metric tonnes of metallurgical clean coal for sale to steel mills around the world.

Mr. Tremblay, who will be based in the company's Hinton office, will be responsible for preparing the Vista Coal Project ("Vista") for commissioning and running the mine once it is operational. Mr Tremblay will have overall responsibility for the safety and effectiveness of the operations, all environmental and health matters, production control and staff functions at Vista. Mr. Tremblay has diverse and extensive management experience in open pit coal mining and a proven track record of achieving operational targets. Mr. Tremblay has also been recognized twice as operating the open pit mine in the province of British Columbia with the lowest lost time incident frequency (2009 John Ash Award - Fording River Operation, 2005 Edward Prior Award - Line Creek Operation).

Mr. Tremblay holds a Masters of Business Administration from Simon Fraser University and is a professional engineer with a Bachelor of Science in Chemical Engineering from Queen's University.

President and CEO, Gill Winckler said "Richard is ideally placed to step into the VP, Operations role and we are extremely pleased that he has joined the Coalspur team. Richard's hands-on operational expertise, strong leadership skills and considerable coal mining experience will be invaluable as we move forward with the development of Vista."

"Coalspur is proud to have attracted someone of Richard's calibre to enhance the technical and operational capabilities of our team. Richard joins us at an exciting stage in the Company's transition as it prepares to commence construction on Vista."

Richard said, "I am thrilled to be joining the Coalspur executive management team and look forward to the responsibility of taking Vista into production"

Regulatory Disclosures

For further information regarding the Vista Coal Project and Vista Extension, including a description of Coalspur's quality assurance program, quality control measures, the geology, samples collected and testing procedures in respect of the projects, please refer to the technical report titled "Coalspur Mines Limited: Updated Resource Estimate for the Vista Coal Project" dated September 12, 2012. For further information regarding the Vista South Coal Project, including a description of Coalspur's quality assurance program, quality control measures, the geology, samples collected and testing procedures in respect of the project, please refer to the technical report titled "Resource Estimate for the Vista South Coal Property" dated June 25, 2012. The technical reports for the Vista Coal Project, the Vista South Coal Project, and Vista Extension are compliant with National Instrument 43-101 - "Standards of Disclosure for Mineral Projects" ("NI 43-101") and are available for review on SEDAR at sedar.com.

Competent Person / Qualified Person Statements

The information in this news release that relates to Coal Resources on the Vista Coal Project and Vista Extension, mining engineering, Recoverable Coal Reserves, capital costs, mining operating costs, and economic financial analysis, process capital costs and associated infrastructure, and all other scientific and technical information in this Report is based on information compiled by Mr. David Leslie, who is a Member of the Association of Professional Engineers and Geoscientists of Alberta. Mr. Leslie is a full-time employee of Coalspur.  Mr. Leslie has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code"), and a "Qualified Person" under NI 43-101. Mr. Leslie has approved and consents to the inclusion of such information in this news release in the form and context in which it appears.

The information in this news release that relates to coal quality and process yield estimates to derive Marketable Coal Reserves is based on information compiled by Mr. Gordon Mudryk, who is a Member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta. Mr. Mudryk is a full-time employee of Coalspur. Mr. Mudryk has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the JORC Code, and a "Qualified Person" under NI 43-101. Mr. Mudryk has approved and consents to the inclusion of such information in this news release in the form and context in which it appears.

The information in this news release that relates to Coal Resources on Vista South is based on information compiled by Mr. John Innis, who is a Member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta. Mr. Innis is a full-time employee of Coalspur. Mr. Innis has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the JORC Code, and a "Qualified Person" under NI 43-101. Mr. Innis has approved and consents to the inclusion of such information in this news release in the form and context in which it appears.

Forward Looking Statements

This news release contains forward-looking statements concerning Coalspur, including statements regarding Coalspur's plans for its mineral projects, development plans and timing, development and operating costs, production, regulatory approvals, exploration and development activities, and other matters. These statements relate to analyses and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Actual results could differ materially from the conclusions, forecasts and projections contained in these forward-looking statements.

Statements concerning Mineral Resource Estimates may also be deemed to constitute "forward-looking statements" to the extent that they involve estimates of the mineralization that will be encountered if a given property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking statements, including those referred to in the Company's Annual Information under the heading "Description of the Business - Risk Factors", and elsewhere.

Coalspur's forward-looking statements are based on the beliefs, expectations and opinions of management as of the date hereof and which Coalspur believes are reasonable in the circumstances, but no assurance can be given that these expectations will prove to be correct.  In making the forward-looking statements the Company has applied several material assumptions which may prove to be incorrect, including, but not limited to: (1) that all required third party approvals will be obtained for the development, construction and production of its properties; (2) that additional financing will be available on reasonable terms; (3) there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; (4) permitting, development and expansion proceeding on a basis consistent with the Company's current expectations; (5) currency exchange rates being approximately consistent with current levels; (6) certain price assumptions for coal; (7) production forecasts meeting expectations; (8) the accuracy of the Company's current mineral resource and reserve estimates; (9) labour and materials costs increasing on a basis consistent with the Company's current expectations; and (10) assumptions made and judgments used in engineering and geological interpretation.


SOURCE: Coalspur Mines Limited

For further information:

Greg Bittar     
Investor Relations
Australasia
gbittar@coalspur.com
P: + 61 409 611 744    

Chris Borowski     
Investor Relations
North America and Europe
cborowski@coalspur.com
P: +1 403 767 6377
M: +1 403 973 5607