Pike River Coal Limited (NZE:PRC) Thank Mr Gordon Ward For His Significant Contribution To The Company As Chief Executive

Wellington, Sep 10, 2010 AEST (ABN Newswire) - Pike River Coal Limited (NZE:PRC) (PINK:PKRRF) advises that Gordon Ward, who has been CEO and Managing Director of the company since May 2007, will leave Pike River with effect from 1 October 2010.

Mr Ward has led Pike River from its initial conceptual design 14 years ago through development to its second coal export shipment in September 2010, and the imminent start-up of the hydromining operations.

The Board wishes to express its thanks to Mr Ward for his significant contribution to the growth of the company over what has been an extended and often difficult period of mine development.

An announcement regarding Mr Ward's successor will be made shortly.

Contact

John Dow Chairman Pike River Coal Tel: +64-21-406-234 http://www.pike.co.nz