Coalspur Mines Limited

Coalspur Mines Limited (ASX:CPL) (TSE:CPT) (PINK:CSPZF) is pleased to announce that the BFS for Vista Coal Project has now commenced and is scheduled for completion by December 2011.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) (TSE:CPT) is pleased to announce the results from recent drilling at its Vista South Project ("Vista South") in Alberta, Canada. The drilling program was designed to further delineate the geology of the Northern limb of the Entrance Syncline and to test for extensions to the South East of the Vista South deposit.

Coalspur Mines Limited ("Coalspur" or "Company") (ASX:CPL) (TSE:CPT) (PINK:CSPZF) is pleased to announce that the interpretation of the first phase development drilling has indicated the potential for the Silkstone seam to extend for over a 16km strike length within the Company's flagship project, the Vista Coal Project.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) announce that the second phase of development drilling at the Company's flagship project, the Vista Coal Project has now commenced.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to announce the appointment of Mr. Denis Turcotte as an independent non-executive Director of the Company, effective immediately. Mr. Turcotte is a highly regarded Canadian based corporate executive, and in 2006 was recognised as Canadian Business Magazine's Top CEO.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to announce the completion of the Pre Feasibility Study on the Company's flagship Vista Coal Project. The PFS was undertaken by Wardrop, a Tetra Tech company, one of North America's leading coal industry engineering consulting firms. The PFS defined a 31 year mine life producing approximately 9.0 million tonnes per annum of saleable coal from the processing of approximately 18.0 Mtpa of run of mine coal.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to announce a Coal Resource upgrade of 297.1 million tonnes its Vista Coal Project in Alberta, Canada ahead of the release of the Company's PFS on the Project. This increases the Company's total Coal Resource to 1.37 billion tonnes.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to announce that an initial Coal Resource of 168.3 million tonnes ("Mt") has been defined on the North West portion of the Vista South leases.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to announce that its ordinary shares have now commenced trading on the main board of the Toronto Stock Exchange under the symbol "CPT".

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to advise that settlement of the acquisition of the six New Coal Leases has now been completed.