Mineralogy Pty Ltd acquires 11.5% interest in Waratah Coal Inc.

    BRISBANE, Australia, Sept. 12 /CNW/ - Mineralogy Pty Ltd ("Mineralogy" or
the "Company"), a privately-held corporation based in Brisbane, Australia,
announced today that the Company acquired 1,578,000 common shares (the Shares)
in the capital of Waratah Coal Inc. ("Waratah") representing 2.8% of the
issued and outstanding shares of Waratah. The company entered into a contract
to buy such shares dated 11th September 2008 which has a date for settlement
under the contract of 15th of Septemebr 2008. The company has agreed to pay
A$2,419,462.08 (Australian Dollars) for the Shares. After the acquisition of
such shares, the Company beneficially owns 6,456,600 common shares
representing 11.5% of the issued and outstanding shares of Waratah. The
Canadian equivalent for the amount paid is C$2,070,817.59, representing $1.312
per share.
    The Company has acquired the common shares for investment purposes and
may acquire further common shares or dispose of its holdings of common shares
both as investment conditions warrant.

    Waratah is listed on the TSX Venture Exchange under the trading symbol

For further information:

For further information: or for a copy of the Company's Early Warning
Report, please contact: Clive F Palmer, Director, +61 409044489

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