Western Coal's Annual General Meeting Update

VANCOUVER, Sept. 13 /CNW/ - Western Coal Corp (TSX: WTN, WTN.WT and AIM: WTN) ("Company" or "Western") is pleased to announce that all resolutions presented before the Company's shareholders at the 2010 Annual General and Special Meeting ("Meeting") were approved.

At the Meeting, Keith Calder, President and Chief Executive Officer of Western, provided an update on the progress of the Company's strategic plan. Highlights from the update included that:

    
    -  Western has achieved record production levels in fiscal Q1-2011 and
       expects further improvements in fiscal Q2-2011, thereby confirming
       that the Company remains on track to achieve its stated goal of
       producing 6 million tonnes in fiscal 2011;
    -  The Company is undertaking a comprehensive review of all its assets to
       ensure that each will achieve maximum value for its shareholders;
    -  The Company is considering various value accretive opportunities
       outside of North America that, if successful, could further increase
       its resources and provide access to emerging markets;
    -  Market fundamentals for metallurgical coal remain strong, both in the
       short and medium term, and the Company expects a continued growth in
       the global demand for its products during this period; and
    -  Western has completed the recruitment of the senior leadership team
       that will be responsible for the implementation of its corporate
       strategy.
    

Also at the Meeting, Braam Jonker, Chief Financial Officer of Western, stated that:

    
    -  The Company remains confident that it should be able to implement its
       organic growth target of producing 10 million tonnes of coal per annum
       by 2013 without having to revert to the markets for financial support;
    -  The Company continues to deliver against its stated targets for the
       year, providing support to its cash flows through higher sales volumes
       and lower costs;
    -  All external growth opportunities currently considered by Western
       could be afforded from its internal cash flow and financing
       facilities;
    -  There is currently no intention, neither is there a need for the
       Company to revert to the markets for finance; and
    -  By the end of December 2010, the Company intends to amend its capital
       structure which will result in the delisting of the 72 million Western
       shares currently held by a subsidiary of the Company.
    

A replay of the webcast of the Meeting and a transcript of the Meeting is available on the Company's website at www.westerncoal.com/investors/financial_information.

About Western Coal

Western Coal is a producer of high quality metallurgical coal from mines in northeast British Columbia (Canada), high quality metallurgical coal and compliant thermal coal from mines located in West Virginia (USA), and high quality anthracite and metallurgical coal in South Wales (UK). Other interests owned include a 24% interest in Mandalay Resources Corporation (MND: TSX), 40% interest in Xtract Energy (XTR: AIM), and a 20% interest in NEMI Northern Energy & Mining (NNE.A: TSX). The Company is headquartered in Vancouver, BC, Canada, and trades on the AIM and TSX stock exchanges under the symbol "WTN". More information can be found at www.westerncoal.com

Forward-Looking Information

This release may contain forward-looking statements that may involve risks and uncertainties. Such statements relate to the Company's expectations, intentions, plans and beliefs. As a result, actual future events or results could differ materially from those suggested by the forward-looking statements. Readers are referred to the documents filed by the Company on SEDAR. Such risk factors include, but are not limited to changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply of, or lack of demand for, the Company's products; currency and interest rate fluctuations; various events which could disrupt the Company's construction schedule or operations; the Company's ability to obtain additional funding on favourable terms, if at all; and the Company's ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward-looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters.

For further information: David Jan, Head of Investor Relations, [phone], [email protected]