COALSPUR COMMENCES TRADING ON TSX

PERTH, Western Australia, Oct. 28 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) is pleased to announce that its ordinary shares have now commenced trading on the main board of the Toronto Stock Exchange ("TSX") under the symbol "CPT".

Managing Director and CEO, Mr. Gene Wusaty, said today, "Our TSX listing is expected to generate significant interest in the Company. With our Canadian based projects and Canadian executive team we expect this level of interest to grow as the Company's profile increases in the North American investment community, particularly with the results from the Vista Pre-Feasibility expected to be released shortly."

The Company will maintain its existing listing on the Australian Securities Exchange ("ASX") as its primary listing. Existing shareholders will be able to trade their shares on the TSX, but before doing so, will need to transfer their shares to the relevant share registry and establish an account with an appropriate stockbroker. Further details on such procedures are available on the Company's website at www.coalspur.com or from the Company's share registrar.

The Company's Annual Information Form ("AIF") for the year ended June 30, 2010 was prepared in conjunction with the Company's TSX listing. The Company has also filed a technical report on its Vista Coal Project titled "Resource Estimate for the Vista Coal Property" ("Technical Report") that is compliant with National Instrument 43-101 - "Standards of Disclosure for Mineral Projects" ("NI 43-101"). The AIF, Technical Report and other Company filings are available for review on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR") at sedar.com.

This news release contains 'forward-looking information' that is based on the Company's expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the Company's business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral reserves and resources, pre-feasibility and other studies, results of exploration and related expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as 'expect', 'outlook', 'anticipate', 'project', 'target', 'likely', 'believe', 'estimate', 'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will', 'plan', 'forecast', "evolve" and similar expressions. Persons reading this news release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to the risk factors set out in the Company's Annual Information Form. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.

The Company disclaims any intent or obligation to update or revise any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise, unless required to do so by law.

For further information:

Gene Wusaty
Managing Director and CEO
Telephone: [phone]