Coalcorp Announces Closing of La Francia II Acquisition



    TORONTO, March 22 /CNW/ - Coalcorp Mining Inc. (TSX: CCJ) announced today
that it has completed the previously-announced acquisition of the
1,600 hectare La Francia II property, located immediately north of the
company's currently-producing La Francia property.
    Detailed planning work on developing a mining plan for the 93.6 million
tonne measured and indicated resource is well advanced. This resource, as
announced on January 3, 2007, was prepared by Paul Bright of SRK Consulting
(UK) Ltd., a Qualified Person under NI 43-101, the details of which are
available on www.sedar.com or the company's website, www.coalcorp.ca.

    Coalcorp is a coal mining, exploration and development company with
interests in the La Francia and La Caypa coal mines and related infrastructure
projects and a number of coal exploration properties, all located in Colombia.
Further information can be obtained by visiting our website www.coalcorp.ca.

    %SEDAR: 00004043E




For further information:

For further information: Robert Doyle, Chief Financial Officer, (416)
360-4653

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