Walter Energy and Western Coal Agree to CAD$3.3 Billion Merger

Transaction Creates the Leading, Publicly Traded, "Pure-Play" Metallurgical Coal Producer Globally; Combined Company Will Have Unique Access to Pacific and Atlantic Seaborne Markets

Agreement Based on Walter's Previously Disclosed Merger Proposal Which Valued Western Coal at a 56 Percent Premium to Its Pre-Announcement Price

Transaction Expected to Be Accretive to Walter Energy on an Earnings Per Share Basis in the First Full Year After Closing

Puda Coal Signs Agreements to Acquire Additional Coal Mines Under Pinglu Project Phase II

Puda Coal, Inc. (NYSE Amex: PUDA) ("Puda Coal" or the "Company"), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China and a consolidator of twelve coal mines in Shanxi Province, today announced that Shanxi Puda Coal Group Co. Ltd ("Shanxi Coal"), a 90% subsidiary of Puda Coal, entered into separate coal mining rights and mining assets transfer agreements with two coal mines located in Pinglu County, Shanxi Province, on October 28, 2010, Shanxi Pinglu Renling Coal Industry Ltd. ("Renling Coal") and Pinglu County Donggou Coal Mine ("Donggou Coal").

Pursuant to the agreement with Renling Coal, Shanxi Coal will pay Renling Coal an aggregate purchase price of RMB 205,000,000 (approximately $30.65 million) in cash, of which RMB 38,830,000 ($5.80 million) is for Renling Coal's tangible assets and RMB 166,170,000 ($24.85 million) is for the mining rights of and compensation to Renling Coal.

CLINE - NEW ELK - HIGH QUALITY COKING COAL - UPDATE - DISCUSSION

Cline Mining Corporation (TSX: CMK) ("Cline" or the "Company") is pleased to announce that the ongoing pre-production drilling program at its New Elk metallurgical steel making coal mine in Colorado has detailed and confirmed high quality metallurgical steel-making coking coal in the coal seams.  The in-seam coal qualities reported by SGS from the recent drill cores show the coal to be in the premium high-vol category in each of the seams to be mined over the next twenty years. 

New Elk has completed nine pre-production drill holes and is drilling a further six to delineate the specific coal reserves that will be mined and sold to meet the Company's projected 55 million tons of coking coal sales during the first 20 years of production; a rate of some three million tons of saleable steel-making coal each year

Prophecy Reports Measured 524.3 Mt and Indicated 545.7 Mt Coal Resources at Chandgana Khavtgai, Mongolia

Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) reports today that the Measured and Indicated coal mineral resources within its Chandgana Khavtgai ("Khavtgai") coal project located in east central Mongolia exceeds one billion tonnes of coal.

The resource estimate is based on information from exploration programs completed in 2007 and this year. This year's program included 13 drill holes totaling 2,250 metres of infill drilling, 8 seismic geophysical lines totaling 11.3 km, and total magnetic field mapping of 5.1 sq km. A total of 274 core samples were obtained for analysis.

The exploration program confirmed the continuation of the major coal seam (averaging 37.7 metres) at Khavtgai. Further, the exploration program has increased the confidence in the previously defined Inferred portion of the Khavtgai Project's coal resource in to Indicated and Measured mineral resources.