Coalspur, CN Sign Rail TransportationAgreement

Coalspur Mines is pleased to announce that it has reached a definitive agreement (the "Agreement") with CN

for the transportation of thermal coal from its Vista Coal Project ("Vista") to Ridley Terminals Inc. ("Ridley Terminals"), as well as final agreement with CN regarding the construction of the railway line to serve the mine. Definitive Rail Transportation Agreement The Agreement with CN is for a seven-year period, effective from 1 January 2013 and extending through to 31 December 2019. Pursuant to the terms of the Agreement, as with most western Canadian coal producers, CN will supply the equipment to carry Coalspur's coal to tidewater. The key elements of the Agreement are consistent with the terms announced by Coalspur on 14 December 2012 and include transportation of up to 12 million tonnes per annum ("Mtpa") of coal; and defined rates with agreed escalation and fuel surcharge calculations. As a result of signing this Agreement, Coalspur is able to confirm that its