Coalsp r Mines LtdCoalspur Mines Ltd

C P t tiCompany Presentation

Gene WusatyManaging Director & CEOManaging Director & CEO

February 2010

ABN 73 003 041 594

Investment Highlights

Positive Scoping Study Completed Scoping study completed on the Hinton Coal Project by Wardrop Engineering Inc. 7.4Mtpa run-of-mine producing 4.0Mtpa saleable coal with a minimum 14 year mine life Low operating costs of US$48.40/t FOB Ridley Island Coal Terminal Low infrastructure and plant costs of US$185 million

Large and Growing Coal Resource Base

Project leverages off existing 1st world underutilised infrastructure Confirmed the potential economic and technical viability of the project

Large and Growing Coal Resource Base JORC / 43-101 Coal Resource of 467Mt - 90% in the Measured and Indicated category 24,638 ha of coal bearing leases with the recent acquisition of crown coal leases Export quality, low sulphur thermal coal suitable for the growing Asian utilities market

World Class Coal Location & Infrastructure Unique position adjacent to the coal mining town of Hinton, Rail, major highway and power infrastructure Development of project not dependant on infrastructure - port and rail have excess capacity Export orientated coal operations have exported from the region to Asia for over 30 years

Strong Board and Management Top tier proven management team with experience in developing listed resource companies

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Top tier, proven management team with experience in developing listed resource companies Highly experienced operations team being assembled by CEO Gene Wusaty (ex. Ivanhoe

Coal/SouthGobi)

Scoping Study Highlights

Hinton Coal Project (Hinton East and West)

Saleable Coal Production 4.0Mtpa

ROM Coal Production 7 4MtpaROM Coal Production 7.4Mtpa

Life of Mine 14 years

FOB Operating Costs US$48/t

Project CHPP & Infrastructure Capital US$185M

Potential Cash Flows (pre-tax) US$150Mpa(p ) p

Scoping study completed by major multidisciplinary international engineering firm

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Wardrop Engineering Inc.

Coal Valley Location

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Our Coal Projects

S b t ti l t t iti f 24 647 h t i th C l V ll iSubstantial tenement position of 24,647 hectares in the Coal Valley region

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Available Rail & Port Capacity

Ridley Terminal (12mtpa + Exp)Ridley Terminal (12mtpa + Exp)

Westshore Terminal (28mtpa)

CN Rail (Excess Capacity Available)

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Scoping Study Results

Operating Costs Capital CostsUS$/t FOB Ridley Island Coal Terminal

Coal and Waste Mining 21.3

Coal Handling and Processing 3.5

US$ million

Breaker Station & Stockpiles 13.9

Coal Wash Plant 30.7

General and Administrative 0.9

Reclamation 0.9

Rail Transportation (CN Rail) 17 4

Clean Coal Dryer 18.4

Clean Coal Rail Load-out 21.4

Belt Conveyors 56 6Rail Transportation (CN Rail) 17.4

Port Costs (Ridley Island Coal Terminal) 4.4

FOB Operating Costs 48.4

Belt Conveyors 56.6

Overall Site 22.3

Miscellaneous Site 14.1

CN Rail Siding 7.2

Project CHPP & Infrastructure Capital 184.6

Project Indirects, EPCM & Owners Costs 69.3

Mining Equipment 151.6 million

Leasing and/or ContractMining Options are beingMining Options are being

considered

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Scoping Study Potential Economics

Key Potential EconomicsBase Case

Price Case-10%

Base Case Independent

Forecast+10%

US$78/t US$87/t US$96/t

US$ millionUS$ million

Coal Sales Revenue 4,180 4,682 5,145

Cash Operating Costs (2,574) (2,574) (2,574)

Cash Operating Margin (Pre-Tax) 1,606 2,108 2,571

Potential Cash FlowP A (P T ) 114 150 183Per Annum (Pre-Tax) 114 150 183

Scoping Study has demonstrated the Potential economic viability of the Project

Robust economics allow for potentially quick paybacks in many price scenarios

Scoping Study has demonstrated the Potential economic viability of the Project

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Potential Site Arrangement

P j t F iliti

CLEAN COAL OVERLAND CONVEYOR

Project Facilities Mine & Infrastructure

Mine Maintenance Complex

RAW COAL OVERLAND CONVEYOR

Breaker Station

Raw and Clean Coal Conveyors

Coal Washplant and DryerCONVEYOR Coal Washplant and Dryer

Clean Coal Rail Load-Out

Site Services and Utilities

Tailings Containment Pond

Ancillary Buildings

Scoping Study has demonstrated the Potential technical viability of the Project

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Enhancement Opportunities

Potential EffectUnit Operating

C tCoal Production &

S lCosts Sales

Inclusion of Additional Resources in the mine plan including potential resources in the Coalspur Project area

Increase Production rate and mine life of the project

Sale of Mcleod Seam (~5.8Mt) to potential markets including local cement and power markets

Addition of a Dragline to the mine plan for waste removal

F h Mi O i i i i l di i i b kfilli d Further Mine Optimizations including in-pit backfilling and larger Truck & Shovel combination

Post completion of the drill program review the potential for Post completion of the drill program review the potential for Higher Yields to improve saleable coal output

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JORC Coal Resource

Measured Indicated M & I Inferred M, I & IHinton East 210 800 85 300 296 100 43 100 339 200Hinton East 210,800 85,300 296,100 43,100 339,200

Hinton West 87,600 37,900 125,500 2,600 128,100

Total Coal Resource 298,400 123,200 421,600 45,700 467,300

Shallow dipping seam are potentially amendable to low cost large truck / shovel

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Shallow dipping seam are potentially amendable to low cost, large truck / shovel mining techniques currently employed at typical world class coal mines

Further Resource Potential

Coalspur ReinterpretationCoalspur Reinterpretation

In 1982 Denison Mines Ltd submitted a large coal project for mine operating license

Geological modeling to be completed by March 2010 quarter

Significant Land Position acquired in Dec ember 2009 of 16,000 + ha,

Significant resource upside in existing coal leases

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Coal Quality Comparison

Hinton Coal Project Washed Clean Coal QualityCoal Characteristic Gross As Received Air Dried Basis

Moisture 11.5% 4.5%

Ash Content 11.1% 11.9%

Volatile Matter 31.2% 33.7%

Fi d C b 46 2% 49 9%Fixed Carbon 46.2% 49.9%

Total Sulphur 0.3% 0.3%

Calorific Value 5,758 kcal/kg 6,212 kcal/kg

Indicative Coal Quality Comparison (1)

Canada Australia Indonesia Russia China

Company Coalspur Sherritt Rio Tinto Xstrata KPC SUEK Shenhua

Brand Hinton Coal Valley Blair Athol Rolleston Pinang Tugnuisky No. 3

Total Moisture (ar) 11.5% 10.0% 18.0% 16.0% 19.0% 11.0% 14.0%

Inherent Moisture (ad) 4.5% 4.5% 5.5% 9.5% 13.0% 2.5% 2.5%

Ash (ad) 11.9% 11.1% 8.7% 7.5% 4.5% 14.0% 12.0%

Volatile Matter (ad) 33.7% 34.7% 27.6% 30.0% 39.0% 35.0% 36.0%

Total Sulphur (ad) 0.30% 0.25% 0.36% 0.55% 0.50% 0.30% 0.50%

Specific Energy (gar) 5,758 6,000 5,865 5,970 5,700 5,628 5,866

Source 1: Wood Mackenzie

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Coalspur’s Future

Hinton Coal Project Coal Resource and Coal Resource Upgrade

Assembly of Top Tier Management Team

Strengthened Cash Position through Institutional Placement

Additional Land Consolidation in Coal Bearing District

Scoping Study displaying Economic & Technical Viability of Project Coal Quality Drilling and Bulk Sampling on Hinton 1st Qtr 2010

Coalspur Project JORC Resource 1st Qtr 2010

Coalspur Project Scoping Study 2nd Qtr 2010

Environmental Baseline Studies 4th Qtr 2010

Feasibility Studies 4th Qtr 2010

TSX Listing 4th Qtr 2010

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Strengthening Thermal Coal Pricing

5 Feb 10 globalCoalNEWC Weekly IndexNEWC Weekly Index

US$91/t

Source: globalCoal , Broker Research Reports

Coalspur well placed to take advantage of strong price growth in the thermal coal

Recent spot market approaching US$100/t FOB Newcastle

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Coalspur well placed to take advantage of strong price growth in the thermal coal markets

Strong Board & Management

Gene Wusaty

Highly respected Canadian based coal executive with global experience in the development and commissioning of coal mines

Former Chief Operating Office with South Gobi Energy and President of Ivanhoe Mines coal Gene WusatyManaging Director & CEO

division

Former Chief Operating Officer of Grande Cache Coal where he was responsible for the development and commissioning of an underground and surface mine in Alberta, Canada

Former General Manager at Fording Coal (now Teck Coal)

Ian MiddlemasNon Executive Chairman

Highly respected Australian based resource company executive with significant experience in finance and capital raisings

Current Chairman of a number of ASX listed natural resource companies including Mantra Resources and Pacific Energy Ltd

Anastasios ArimaExecutive Director

Australian based resource company executive with experience in business development and capital raisings; engineering background

Denis LehouxVice President, Operations

Highly experienced (+25 years) Canadian mining engineer; has been involved in the start up and commissioning of a number of Alberta based coal mines

Strong operational and corporate team assembled to develop the projects

Dermot LaneVide President, Development

Highly experienced (+25 years) Canadian coal mining executive involved in the permitting, regulatory and approval processes of various Western Canadian coal mines

Proven development experience in the resource sector Strong operational and corporate team assembled to develop the projects

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Corporate

Coalspur Mines Ltd @ February 2010

Fully Paid Ordinary Shares (ASX: CPL) 307.8 million

Market Capitalisation Undiluted (@ A$0.35) A$107.7 millionMarket Capitalisation Undiluted (@ A$0.35) A$107.7 million

Listed Options (ASX: CPLO)(Expiry 30 June 2011, Exercise Price A$0.08) 56.7 million

Unlisted Options 17 4 millionp(Various Expiry and Exercise Prices) 17.4 million

Performance Shares(Conversion Milestones: Feasibility Study; 1mtpa Production) 50.0 million

Cash ~A$8 7 million(31 December 2009) ~A$8.7 million

Major Shareholders:

Directors & Associates 26.1%

Other Top 40 37.7%

General Public 36.2%

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Appendices

ADDITIONAL INFORMATIONADDITIONAL INFORMATION

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Scoping Study Parameters

Production ParametersROM Coal Production Rate 7 4Mtpa

Economic Parameters

S l bl Q lit 6% disc. NEWCROM Coal Production Rate 7.4Mtpa

Saleable Coal Production Rate 4.0Mtpa

Life of Mine (“LOM”) 14 years

Saleable Quality 6% disc. NEWC Benchmark

FOB Point Ridley Island Coal Terminal

2013 2025ROM Coal Mined LOM 99.2Mt

Clean Coal Produced LOM 53.6MtIndependent Price Forecast

2013 2025

US$73/t US$95/t

LOM Average

US$87/t

Waste Mined LOM 461.9Mbcm

Mining Method Truck & Shovel

Exchange Rate 2013(US$:C$) 0.87

Alberta Provincial Tax 10%

Coal Processing Heavy Media – 3 Stage (Coarse, Fine and Ultra-Fine)

Breaker Station

Canadian Federal Tax (2013) 15%

1% Mine Mouth

Coal HandlingROM Coal Conveyor

Clean Coal Conveyor

Rail Load-Out

Alberta Coal Royalty 13% Net Revenue (After Payback of Project

Capital)

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Mine & Process Flowsheet

1. Open Pit Mining

Open Pit mining utilizing large standard Truck & Shovel methods

2. Breaker StationCoal dumped to hopper feeding rotary

ROM coal Mined in 15 meter benches and delivered to Breaker Stations ROM Stockpiles

Waste mined and trucked 1.5-2.0km to waste dumps

Coal dumped to hopper feeding rotary breaker

Raw coal sized to 150mm x 0mm

Raw Coal conveyed to plant raw coal stockpiles

3. Coal Processing Plant

4. Rail Load-out

Live coal stockpile capacity of 20,000 tonnes

CN rail to provide coal freight service to Ridley Island Coal Terminals

Coal process plant utilises 3 stage heavy media separation to beneficiate the coal

Thermal coal dryer utilised to dry coal to 11.5% spec. moisture

Clean coal conveyed to rail loadout live

Ridley Island Coal Terminals

S i St d h d t t d th P t ti l t h i l i bilit f th P j t

y

stockpile

Plant stockpile capacity of 80,000 tonnes

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Scoping Study has demonstrated the Potential technical viability of the Project

Disclaimer & Regulatory DisclosuresThis document has been prepared as a summary only, and does not contain all information about the Company’s assets and liabilities, financial position and performance, profits and losses, prospects and therights and liabilities attaching to the Company’s securities. This document should be read in conjunction with any public announcements and reports (including financial reports and disclosure documents)released by Coalspur Mines Limited. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paidon the Shares or that there will be an increase in the value of the Shares in the future. Further details on risk factors associated with the Company’s operations and its securities are contained in the Company’sprospectuses and other relevant announcements to the Australian Securities Exchange.

Some of the statements contained in this release are forward‐looking statements. Forward looking statements include but are not limited to, statements concerning estimates of coal tonnages, expected costs,statements relating to the continued advancement of the Company’s projects and other statements which are not historical facts. When used in this document, and on other published information of theCompany, the words such as “aim”, “could”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward‐looking statements.

Although the company believes that its expectations reflected in the forward‐looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual resultswill be consistent with these forward‐looking statements. Various factors could cause actual results to differ from these forward‐looking statements include the potential that the Company’s projects mayexperience technical, geological, metallurgical and mechanical problems, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material.

The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this documentshould carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position.

The information in this report that relates to process capital costs and associated infrastructure is based on information compiled by Mr. Kevin Souza, who is a Member of the Association of ProfessionalEngineers and Geoscientists of British Columbia. Mr. Souza is a full‐time employee of Wardrop Engineering Inc., who are consultants to Coalspur. Mr. Souza has sufficient experience which is relevant to thestyle of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reportingof Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr. Souza consents to the inclusion in this report of the matters based on his information in the form and context in which itappears.

The information in this report that relates to economic financial analysis is based on information compiled by Mr. Miloje Vicentijevic, who is a Member of the Association of Professional Engineers, Geologistsand Geophysicists of Alberta. Mr. Vicentijevic is a full‐time employee of Wardrop Engineering Inc., who are consultants to Coalspur. Mr. Vicentijevic has sufficient experience which is relevant to the style ofmineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr. Vicentijevic consents to the inclusion in this report of the matters based on his information in the form and context in which itappears.

The information in this report that relates to coal testing review, mineral processing, and process operating costs is based on information compiled by Ms. Ting Lu, who is a Member of the Association ofProfessional Engineers and Geoscientists of British Columbia. Ms. Lu is a full‐time employee of Wardrop Engineering Inc., who are consultants to Coalspur. Ms. Lu has sufficient experience which is relevant tothe style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Ms. Lu consents to the inclusion in this report of the matters based on his information in the form and context in which itappears.

The information in this report that relates to Coal Resources is based on information compiled by Mr. Robert J. Morris, who is a Member of the Association of Professional Engineers, Geologists andGeophysicists of Alberta. Mr. Morris is a full‐time employee of Moose Mountain Technical Services, who are consultants to Coalspur. Mr. Morris has sufficient experience which is relevant to the style ofmineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr. Morris consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to mining, mining capital, and mine operating costs is based on information compiled by Mr. Jim H. Gray, who is a Member of the Association of Professional Engineers,l d h f lb d b f h f f l d f h l b f ll l f h lGeologists and Geophysicists of Alberta and a Member of the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Grey is a full‐time employee of Moose Mountain Technical

Services, who are consultants to Coalspur. Mr. Grey has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertakingto qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr. Grey consents to theinclusion in this report of the matters based on his information in the form and context in which it appears.

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Perth Office Calgary OfficeLevel 9, The BGC Centre

28 The EsplanadePerth WA 6000

Suite 611 - 550 11th Ave. Calgary SW, Alberta

T2R 1M7 Canada

Gene WusatyManaging Director & Chief Executive OfficerManaging Director & Chief Executive Officer+1 403 975 7901

Anastasios ArimaAnastasios ArimaExecutive Director+61 8 9322 6322