Coalspur Reaches Agreement With a Further Two First Nations - Ermineskin Cree Nation and Whitefish Lake First Nation

Coalspur Reaches Agreement With a Further Two First Nations - Ermineskin Cree
Nation and Whitefish Lake First Nation

VANCOUVER, British Columbia, Dec. 4, 2013 (GLOBE NEWSWIRE) -- Coalspur Mines
Limited (ASX:CPL) (TSX:CPT) ("Coalspur" or "Company") announced today that it
has entered into separate agreements with each of the Ermineskin Cree Nation
("Ermineskin") and the Whitefish (Goodfish) Lake First Nation, two of the four
parties granted intervener status by the Alberta Energy Regulator ("AER").
Ermineskin and Whitefish will now withdraw as interveners in relation to
Coalspur's Vista project.


  oCoalspur and the Ermineskin Cree Nation and the Whitefish (Goodfish) Lake
    First Nation have concluded agreements in relation to the development of
    the Vista project
  oThe agreements entered into provide mutually beneficial opportunities to
    all parties, enhance environmental monitoring and mitigate impacts on the
    First Nations' traditional land uses
  oErmineskin and Whitefish will withdraw as interveners in relation to the
    Vista project
  oIncluding these two agreements, Coalspur has to date concluded five
    agreements with aboriginal communities relating to Vista
  oNegotiations with the two remaining interveners, Tourmaline Oil Corp. and
    Alexis Nakota Sioux Nation continue to progress

The agreements formalize the relationships between the parties and create
mutually beneficial opportunities for community development, infrastructure
and business opportunities, as well as ensure First Nation participation in
ongoing environmental monitoring of Coalspur's operations.

"Coalspur has engaged with numerous aboriginal communities for over two years
and agreements have been reached with three other groups through this
consultation process. These additional two agreements reinforce the strong
support for Vista from the local community and demonstrate Coalspur's
commitment to engage with the First Nations who utilize the Hinton region for
traditional purposes," said Gill Winckler, Coalspur President and CEO.

In a joint statement, Chief Makinaw (Ermineskin) and Chief Jackson (Whitefish)
said, "We are pleased with the agreements and in particular the focus on
direct involvement of our First Nations in ongoing environmental monitoring."
Chief Makinaw added that "Coalspur worked very hard with us and came to
understand that if the Vista project benefits Hinton and other communities, it
also has to benefit First Nations."

Following the withdrawal of Ermineskin and Whitefish as interveners in
relation to the Vista project, two interveners will remain. The concerns of
the remaining interveners are limited to overlapping mineral development
rights with an oil and gas company, namely Tourmaline Oil Corp., and
development issues raised by the Alexis Nakota Sioux Nation. The Company
continues to negotiate with both these parties and believes that the concerns
expressed by them are capable of being appropriately dealt with.

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,
including information regarding Coalspur's plans for Vista, the AER regulatory
process, expected commencement of development and production, expected receipt
of regulatory approvals or licenses, and other matters. All statements in this
release, other than statements of historical facts, that address events or
developments that Coalspur expects to occur, are statements of forward-looking
information. Although Coalspur 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. Material factors or assumptions used by
Coalspur to develop forward-looking information include the following: (1)
that all required third party approvals will be obtained for the development,
construction and production of its properties; (2) that additional financing
will be available on reasonable terms; (3) there being no significant
disruptions affecting operations, whether due to labour disruptions, supply
disruptions, power disruptions, damage to equipment or otherwise; (4)
permitting, development and expansion proceeding on a basis consistent with
the Company's current expectations; (5) currency exchange rates being
approximately consistent with current levels; (6) certain price assumptions
for coal; (7) production forecasts meeting expectations; (8) the accuracy of
the Company's current mineral resource and reserve estimates; (9) labour and
materials costs increasing on a basis consistent with the Company's current
expectations; and (10) assumptions made and judgments used in engineering and
geological interpretation. 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 and

CONTACT: Greg Bittar
         VP, Investor Relations
         P: + 61 409 611 744
         Ryan Walchuck
         Investor Relations
         North America and Europe
         P: +1 604 220 8595
         David Montpetit
         VP, External Affairs and Logistics
         P: +1 403 801 1344
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