Western Coal announces fiscal third quarter 2010 results

Western Coal Corp. (TSX: WTN, WTN.DB & WTN.WT and AIM: WTN) ("Western" or the "Company") announces its operating results for the three and nine month period ended December 31, 2009. On sales of $118.7 million, the Company earned $24.0 million or earnings per share of $0.10 on a basic basis for the third quarter 2010. For the nine month period ending December 31, 2009, the Company earned on sales of $302.0 million, net income of $29.6 million or earnings per share of $0.13 on a basic and diluted basis.

Despite the lower price environment for coal and lower sales volumes both of which are a result of the economic downturn in fiscal 2010 when compared to fiscal 2009, the Company has been successful in reducing its per unit cash costs. Western has also been able to maintain a strong financial position through the global economic recession while continuing to invest in the business.

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Wescan drills 12.90 metre coal zone at Hudson Bay and 14.80 metre coal zone at Pinehouse Lake

Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce that Phase 1 drilling has been completed on its 100 percent owned Hudson Bay and Pinehouse Coal Properties. At Hudson Bay, coal was intersected in 21 out of 40 drill holes, with a maximum coal zone thickness of 12.90 metres. These initial coal discoveries will direct the drilling locations in the upcoming 2010 Phase 2 Drill Program, aimed at targeting thicker intersections of coal. Coal zones ranged from continuous coal seams to coal zones with interbedded sand and carbonaceous material, with coal ranging from bright to dull. Eight holes contained coal zones greater than 5 metres thick. Several drill holes also contained more than one intersection of coal, suggesting the presence of multiple coal horizons (see Table 1).

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Radar Closes Transaction to Create US Coal Mining Company

Further to a press release dated September 23, 2009, Radar Acquisitions Corp. (TSX VENTURE:RAC) ("Radar") is pleased to announce that Radar has closed the transaction (the "Transaction") to create a US coal mining company ("RAC Mining") in partnership with a group of private investors in Alabama. Pursuant to the Transaction, Radar owns 49% of RAC Mining with the remaining ownership being held by two Alabama based mining companies. The assets of the newly created company include a historically producing Alabama coal property.

"This is an exciting development as Radar anticipates commencement of coal operations by RAC Mining by the beginning of December and anticipates generation of cash flow from this investment.

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Grande Cache Coal Corporation Announces Record Sales Volumes During First Quarter Fiscal 2010 and Provides Operational Update

Grande Cache Coal Corporation (TSX:GCE) ("Grande Cache Coal" or the "Corporation") today provided the following operational update.

- Grande Cache Coal sold 0.51 million tonnes of metallurgical coal during the three months ended June 30, 2009, representing the largest quarterly sales volumes in the Corporation's history. The higher sales volumes were mainly driven by a significant increase in spot sales, primarily into the Chinese market.

- The Corporation anticipates sales volumes for fiscal 2010 will be 1.3 to 1.5 million tonnes, up from the previous guidance of 1.2 to 1.4 million tonnes. The increase is due to a higher level of spot sales experienced to date, together with a modest recovery in demand from traditional customers compared to the latter part of fiscal 2009.

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Phoenix Coal secures permits for KO mine

- RECEIVED ALL 11 OUTSTANDING PERMITS -

Phoenix Coal Inc. (TSX: PHC) ("Phoenix" or "the Company"), a leading producer and consolidator of thermal coal reserves in the Illinois Basin, announced today the Company has received a permit granted by the United States Army Corps of Engineers ("COE") under Section 404 of the Clean Water Act ("404 Permit") for its KO Mine. The issuance of the 404 Permit authorizes Phoenix to commence mine development and coal production on the KO property, effective immediately.

Prior to the 404 Permit, the Company received the other required permits for the KO Mine: the Kentucky Department of Natural Resources state mining permit ("KDNR Permit") and the permit required under Section 401 of the Clean Water Act ("401 Permit").

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