Coalcorp announces filing of third quarter interim financials and
transitional delay in filing of annual financials

TORONTO, Sept. 16 /CNW/ - Coalcorp Mining Inc. ("Coalcorp" or the "Company") (TSX-CCJ) announces that it filed today its third quarter interim financial statements and related management discussion and analysis (MD&A) for the three and nine month periods ended March 31, 2009 (the "Q3 Financials"). A copy of the Q3 Financials is available on the SEDAR website at www.sedar.com and the Company's website at www.coalcorp.ca.

As previously announced and updated in the Company's bi-weekly Default Status Reports, the Company was delayed in filing its Q3 Financials as well as its previous second quarter interim financial statements and related MD&A for the three and six-month periods ended December 31, 2008 (the "Q2 Financials"). Although the Company has now filed its Q2 Financials and Q3 Financials, the delays relating to their preparation and finalization have resulted in a corresponding transitional delay in the completion of the Company's annual financial statements and related MD&A for the financial year ended June 30, 2009 (the "Annual Financials"), the filing deadline for which is September 28, 2009. The Company announces that it will not be filing its Annual Financials by that deadline. The Company is in the process of preparing the Annual Financials and expects to release those in the near term.

    
    About Coalcorp
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Coalcorp is a coal mining, exploration and development company with interests in the La Francia coal mine and related infrastructure projects and a number of coal exploration properties, all located in Colombia. Coalcorp also holds a 60% equity interest in Carbones Colombianos del Cerrejon which owns the La Caypa coal mine in Colombia. Further information can be obtained by visiting our website at www.coalcorp.ca or under the Company's profile at www.sedar.com.

    
    Forward Looking Statements Disclaimer
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Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Coalcorp does not undertake to update any forward-looking statements; such statements speak only as of the date made.

SOURCE Coalcorp Mining Inc.

For further information: For further information: Joseph Belan, Interim Chief Executive Officer, +57-1-658-5050 Ext: 9990

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Coalcorp Mining Inc.

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