Coalspur Mines Limited

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Coalspur Mines Limited Company Summary

Coalspur Mines Limited ("Coalspur" or "Company") is a coal exploration and development company with approximately 40,600 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur’s flagship coal project is the Vista Coal Project (“Vista”) which has the potential to be the largest export thermal coal mine in Canada. Vista covers approximately 9,984 hectares and provides a large scale, surface mineable, thermal coal project. Vista has the advantage of leveraging off of established first world infrastructure with CN Rail’s main line located adjacent to Vista which is substantially underutilised and provides a rail line suitable for the transport of coal to deepwater ports on Canada’s west coast. Coalspur has also secured a port allocation agreement with Ridley Terminals Inc. which is essential to the logics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific Rim countries, including China, Japan, and Korea. A feasibility study was completed on Vista in January 2012, which defined a 30 year mine plan with forecast annual production capacity of 11.2Mtpa. Marketable Coal Reserves on Vista are 313Mt from a Recoverable Coal Reserve of approximately 566Mt. Initial development costs for Vista are expected to be approximately C$860 million with an additional approximately C$370 million required to reach full capacity. Coalspur has offices in Calgary and Hinton in Canada as well as in Australia. The Company is dual listed on the Toronto Stock Exchange ("TSX") under the symbol "CPT" and on the Australian Securities Exchange ("ASX") under the symbol "CPL".

DIRECTORS / OFFICERS

Colin Steyn Chairman Mr Steyn has been a non-executive director of Coalspur since October 21, 2010 and his appointment as Chairman is effective immediately. Mr Steyn has over 30 years experience in the resources sector and was previously President and CEO of Toronto based LionOre Mining International Limited (“LionOre”) prior to it being acquired by Norilsk Nickel International (“Norilsk”) in 2007. He was one of the original founders of LionOre and was instrumental in the growth and development of LionOre into a major international mining house. During his time as CEO, LionOre grew from a market capitalisation of US$100 million to over US$6 billion. More recently, he was a non-executive Director of Mantra Resources Limited, until its acquisition by Uranium One Inc (“Uranium One”). Mr Eugene (Gene) Wusaty P.Eng. Managing Director and CEO Prior to becoming Managing Director and Chief Executive Officer, Mr. Wusaty was President of Ivanhoe Mines' Coal Division and then Chief Operating Officer of SouthGobi Energy Resources Ltd following its acquisition of Ivanhoe Mine's Coal Division in 2006. Prior to joining Ivanhoe Mines, Mr Wusaty served as Vice President and Chief Executive Officer of Grande Cache Coal Corporation. Ian Middlemas non-executive Mr Middlemas is a Chartered Accountant, a member of the Financial Services Institute of Australasia and holds a Bachelor of Commerce degree. He worked for a large international Chartered Accounting firm before joining the Normandy Mining Group where he was a senior group executive for approximately 10 years. He has had extensive corporate and management experience, and is currently a director with a number of publicly listed companies in the resources sector. Mr Middlemas was appointed a Director of the Company on 9 March 2007 and Chairman on 16 May 2007. Mr Mark Pearce B.Bus, CA, FCIS, FFin Non-Executive Director and Company Secretary Mark Pearce is a Chartered Accountant and currently holds the position of Company Secretary and/or director for a number of publicly listed companies. Prior to this he worked for several large international Chartered Accounting firms and he has been in commerce for over 12 years. Mr Pearce has considerable financial and corporate expertise. He is a Fellow of Chartered Secretaries Australia and Financial Services Institute of Australasia. Peter Breese non-executive Director Mr Breese has over 25 years operational experience in the global mining industry, having predominantly worked across southern Africa (South Africa, Botswana, Tanzania and Zimbabwe) and Australia in the uranium, nickel, platinum and chrome sectors. He has held a number of senior management positions in TSX and ASX publicly listed companies, including CEO of Mantra Resources, before its US$1 billion acquisition by Uranium One, Chief Executive of Norilsk, following its US$6 billion acquisition of LionOre, where he was Chief Operating Officer, as well as senior executive and board positions with Impala Platinum Holdings, Mimosa Mining Company, Zimasco and BCL. He holds a PMD from Harvard Business School. Importantly Mr Breese will provide Coalspur with access to his strong track record of successful project development and operations management and will complement the Company’s highly experienced management team as the BFS nears completion and the Vista Coal Project advances into the construction phase. Denis Turcotte Non-Executive Director Mr Turcotte is a Professional Engineer with over 25 years experience and was previously the President and CEO of Algoma Steel Inc. an integrated steel producer based in Sault Ste. Marie, Ontario. Mr Turcotte oversaw the successful recapitalisation and rapid growth of Algoma which was subsequently acquired for C$1.85 billion in cash by Essar Global Limited in 2007. Mr Turcotte is currently President and CEO of a private business consulting and investing firm. He is also a director of Domtar Corp. and a member of the Advisory Board of the Brookfield Special Situations Funds. Mr Turcotte as an independent non-executive Director of the Company. Mr Turcotte is a highly regarded Canadian based corporate executive, and in 2006 was recognised as Canadian Business Magazine's Top CEO. Mr Turcotte is highly regarded by the North American investment community and brings to the Board his extensive experience as a senior executive of TSX listed and commodity based companies. Mr Turcotte will join the Company’s Audit Committee. Mr Turcotte was appointed a Director of the Company on 22 December 2010.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Level 9, BGC Centre
		28 The Esplanade
		PERTH WA 6000
		Australia
	Telephone	+61-8-9322-6322
	Fax	+61-8-9322-6558
	Principal Sector	Mining
	Principal Industry	Mining & Metals
	Listed	1987/08/27
	Homepage	www.coalspur.com

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Key Developments: Coalspur Mines Limited

	Coalspur Mines Limited (TSE:CPT) Coalspur substantially Increases Vista South Coal Resources MAY 23, 2012 09:28 - Article Views: 166 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce it has substantially increased the Vista South Coal Project ("Vista South") Measured and Indicated Coal Resources to 470.5 million tonnes ("Mt") and upgraded the Inferred Coal Resource to 604.5Mt, following a recent drilling program.
	Coalspur Mines Limited (ASX:CPL) Interim Financial Statements and M D and A MAY 16, 2012 09:48 - Article Views: 213 The Board of Directors of Coalspur Mines Limited (ASX:CPL) present their report on the consolidated entity of Coalspur Mines Limited ("Coalspur" or "Company") and the entities it controlled during the three months and nine months ended March 31, 2012 ("Consolidated Entity").
	Coalspur Mines Limited (ASX:CPL) Substantially Increases Its Coal Resources Following Recent Vista Extension Acquisition MAY 9, 2012 14:27 - Article Views: 348 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce an initial Coal Resource estimate on the recently acquired11 Vista Extension, comprising 173.7 million tonnes ("Mt") in the Measured and Indicated Mineral Resource categories and 969.3Mt in the Inferred Mineral Resource category. This significantly increases the Company's total Measured and Indicated Coal Resource by 15% to 1,322.9Mt and the Inferred Coal Resource by 181% to 1,505.2Mt across the Vista Coal Project ("Vista"), Vista South Coal Project ("Vista South") and Vista Extension.
	Coalspur Mines Limited (ASX:CPL) Submits Vista Phase 1 Regulatory Applications MAY 2, 2012 10:50 - Article Views: 446 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that it has filed the regulatory applications for Phase 1 of the Company's flagship Vista Coal Project ("Vista"). These applications include an Environmental Impact Assessment ("EIA"), regulatory applications under the Coal Conservation Act, Alberta Environmental Enhancement Act ("EPEA"), Water Act, and Public Lands Act.
	Coalspur Mines Limited (ASX:CPL) Additional Strategic Coal Leases Acquired in Hinton Region APR 30, 2012 09:31 - Article Views: 357 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce the acquisition of 14,432 hectares of coal bearing leases ("Vista Extension") which are contiguous with the Company's Vista Coal Project ("Vista") for C$13 million in cash. Vista Extension is located on the northeast boundary of Vista and is in a land use area classified as category four which is the most favourable for resource development in Alberta. A portion of Vista Extension includes 5.1 million tonnes of surface mineable coal which was included in the Recoverable Coal Reserves estimated in the recently completed feasibility study on Vista.
	Coalspur Mines Limited (ASX:CPL) Study Increases Vista Production Capacity to 12.0 MTPA APR 26, 2012 09:29 - Article Views: 294 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that the annual marketable coal production capacity from the Vista Coal Project ("Vista") has increased by 7% to 12.0 million tonnes per annum ("Mtpa"). The increased production rate is the result of an optimization study on the coal processing plant ("CPP") and mine scheduling and follows a feasibility study on Vista which was published on January 30, 2012.
	Coalspur Mines Limited (ASX:CPL) Vista Project Update MAR 30, 2012 09:48 - Article Views: 382 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) advises that following the successful release of the Feasibility Study relating to its Vista Coal Project ("Vista"), the Company has continued the process, commenced in December 2011, to identify potential strategic investment partners which may provide future funding for the development of Vista and coal marketing arrangements (the "Process").
	Coalspur Mines Limited (ASX:CPL) Increases Port Allocation at Ridley to 13.5MTPA MAR 29, 2012 09:20 - Article Views: 432 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that it has reached a second agreement with Ridley Terminals Inc. ("Ridley Terminals") on terms for the shipment of export thermal coal from Coalspur's Vista Coal Project ("Vista") for an additional 5.0Mtpa. Subject to requisite Government approvals for the addition of a fourth stacker / reclaimer at Ridley Terminals, the second agreement provides for 4.0Mtpa to be supplied from an incremental expansion at Ridley Terminals that will increase capacity from 25.0Mtpa to 30.0Mtpa.
	Coalspur Mines Limited (ASX:CPL) Commences Detailed Design Engineering on Vista MAR 21, 2012 13:27 - Article Views: 479 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that it has contracted CWA Engineering Inc. ("CWA") to commence detailed engineering on its flagship Vista Coal Project ("Vista"). CWA will be responsible for the engineering, procurement and construction management ("EPCM") and will engage sub-contractors to perform other specialized services.
	Coalspur Mines Limited (ASX:CPL) Coalspur Enters into C$70 Million Facility Agreement FEB 27, 2012 08:25 - Article Views: 497 Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is pleased to announce that it has entered into a binding agreement with the Highland Park Group for a C$70 million loan facility ("Facility Agreement"). The purpose of the Facility Agreement is to provide the Company with substantial capital resources to commence detailed engineering on its flagship Vista Coal Project.

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