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Regulatory Hearing for Vista Scheduled for November 2013

Regulatory Hearing for Vista Scheduled for November 2013

Highlights:

  *The Alberta Energy Regulator has concluded its internal review of the
    Vista project and called a hearing to address concerns of four groups that
    have been granted intervener status
  *The hearing has been scheduled for November 25, 2013 and represents the
    final external review stage of the regulatory approval process
  *The Alberta Energy Regulator is required to render its final decision
    within 90 days of the hearing (early March 2014)
  *Assuming regulatory approvals are granted, construction is expected to
    commence in Q2 2014, with first production of coal towards the end of 2015

VANCOUVER, British Columbia, Oct. 3, 2013 (GLOBE NEWSWIRE) -- Coalspur Mines
Limited ("Coalspur" or "Company") (ASX:CPL) (TSX:CPT) announced today that the
Alberta Energy Regulator ("AER") has concluded its internal review of the
Company's Vista project ("Vista") and has scheduled a hearing to start on
November 25, 2013. The hearing is the final external review stage in the AER
approval process of Vista and will focus on the concerns of the groups who
have been granted intervener status by the AER.

The AER gave notice of a hearing on August 15, 2013 calling for submissions
from potential interveners by September 10, 2013. The AER has now scheduled
the hearing and determined that four parties have the right to participate in
the hearing.

The outstanding concerns are limited to overlapping mineral development rights
with an oil and gas company, namely Tourmaline Oil Corp., and development
issues raised by three aboriginal groups. The aboriginal groups are Alexis
Nakota Sioux Nation, Ermineskin Cree Nation and Whitefish (Goodfish) Lake
First Nation.

Coalspur has engaged with numerous aboriginal groups for over two years and
agreements have been reached with a number of these groups through this
consultation process. Coalspur has also garnered strong support for Vista from
the local community and has received numerous letters of support from key
stakeholders, including the Town of Hinton and Yellowhead County. The Company
believes that the concerns expressed by the intervening groups are capable of
being appropriately dealt with.

The hearing is expected to last one to two weeks and the AER will render its
final decision on approval for Vista within 90 days of the close of the
hearing. Should agreements be reached with all of the interveners before the
hearing date, the AER could render its final decision regarding the approval
of Vista without holding a hearing.

If the hearing proceeds, the Company anticipates that the AER will render its
final decision on Vista in early March 2014. Assuming AER approval and the
subsequent receipt of the remaining licences, which the Company anticipates
receiving, construction is expected to commence in Q2 2014. With this revised
schedule, first production would be towards the end of 2015.

In light of the hearing schedule, the Company has slowed all spending until
the outcome of the hearing is certain. The Company, however, continues to work
collaboratively with Forge Group (the selected EPC contractor) around
streamlining project expenditure while continuing with detailed engineering in
order to deliver first coal in late 2015. 

"Although final regulatory approval for Vista has been delayed, we now have a
clear path and timing through to a definitive decision and we are confident of
a positive outcome," said Gill Winckler, President and CEO. "We look forward
to participating in an open and transparent hearing and are pleased that the
application process is nearing resolution. We will work with the AER and the
intervening groups to resolve any relevant outstanding concerns as fairly as
possible."

"The Company and its employees have worked tirelessly over the past two years
to advance this project and address the concerns of all impacted
stakeholders," she said. "We are disappointed that we have not been able to
maintain our stated schedule to first production but remain committed to
bringing this important asset into production in a timely and responsible
manner."

About Coalspur

Coalspur is a coal development company with approximately 55,000 hectares of
coal leases located within the Hinton region of Alberta, Canada. Coalspur's
flagship project is Vista, which covers approximately 10,000 hectares and
provides a large scale, surface mineable, thermal coal development. Vista is
located adjacent to CN Rail's main line, which is suitable for the transport
of coal to deepwater ports on Canada's west coast. Coalspur has secured a port
allocation agreement with Ridley Terminals Inc., which is essential to the
logistics supply chain necessary to export coal from Vista to the growing
demand from the Asia Pacific countries.

No regulatory authority has approved or disapproved of the information
contained in this release.

This release contains forward-looking information concerning Coalspur.All
statements in this release, other than statements of historical facts, that
address events or developments that the Company expects to occur, are
statements of forward-looking information.Although the Company believes that
such forward-looking information is based on reasonable assumptions, such
information is not a guarantee of future performance and actual results or
developments may differ materially from the forward-looking
information.Factors that could cause actual results to differ materially from
the forward-looking information, include but are not limited to: risks
associated with funding requirements for Vista development; fluctuations in
coal prices; uncertainties related to the availability of future financing;
risks related to Coalspur's existing credit facility, risks associated with
take or pay commitments with Ridley Terminals, risks associated with the need
for governmental licences, permits and approvals, uncertainties related to
aboriginal claims and multiple mineral development, and uncertainties related
to general economic, market and business conditions.For more information on
Coalspur, investors should review Coalspur's continuous disclosure filings
that are available at www.sedar.com and www.asx.com.au.

CONTACT: For additional information, please contact:
         Greg Bittar
         VP, Investor Relations
         Australasia
         gbittar@coalspur.com
         P: + 61 409 611 744
        
         Chris Borowski
         Investor Relations
         North America and Europe
         cborowski@coalspur.com
         P: +1 403 973 5607
        
         David Montpetit
         VP, External Affairs and Logistics
         dmontpetit@coalspur.com
         P: +1 403 801 1344
 
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