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Coalspur Reaches Agreement With A Further Two First Nations - Ermineskin Cree Nation And Whitefish Lake First Nation

VANCOUVER, British Columbia, Dec. 4, 2013 (GLOBE NEWSWIRE) -- Coalspur Mines Limited (ASX:CPL) (TSX:CPT) ("Coalspur" or "Company") announced today that it has entered into separate agreements with each of the Ermineskin Cree Nation ("Ermineskin") and the Whitefish (Goodfish) Lake First Nation, two of the four parties granted intervener status by the Alberta Energy Regulator ("AER"). Ermineskin and Whitefish will now withdraw as interveners in relation to Coalspur's Vista project.

Highlights:

  • Coalspur and the Ermineskin Cree Nation and the Whitefish (Goodfish) Lake First Nation have concluded agreements in relation to the development of the Vista project
  • The agreements entered into provide mutually beneficial opportunities to all parties, enhance environmental monitoring and mitigate impacts on the First Nations' traditional land uses
  • Ermineskin and Whitefish will withdraw as interveners in relation to the Vista project
  • Including these two agreements, Coalspur has to date concluded five agreements with aboriginal communities relating to Vista
  • Negotiations with the two remaining interveners, Tourmaline Oil Corp. and Alexis Nakota Sioux Nation continue to progress

The agreements formalize the relationships between the parties and create mutually beneficial opportunities for community development, infrastructure and business opportunities, as well as ensure First Nation participation in ongoing environmental monitoring of Coalspur's operations.

"Coalspur has engaged with numerous aboriginal communities for over two years and agreements have been reached with three other groups through this consultation process. These additional two agreements reinforce the strong support for Vista from the local community and demonstrate Coalspur's commitment to engage with the First Nations who utilize the Hinton region for traditional purposes," said Gill Winckler, Coalspur President and CEO.

In a joint statement, Chief Makinaw (Ermineskin) and Chief Jackson (Whitefish) said, "We are pleased with the agreements and in particular the focus on direct involvement of our First Nations in ongoing environmental monitoring." Chief Makinaw added that "Coalspur worked very hard with us and came to understand that if the Vista project benefits Hinton and other communities, it also has to benefit First Nations."

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