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Update: Coalmont Energy Corp.

The update report provided MOE with specific details regarding the work completed to date on the EIA.

On September 30, Coalmont Energy Corp. submitted a formal update on the status of the Environmental Impact Assessment (EIA) as required by the Ministry of Environment (MOE). The update report was more than 120 pages in length and provided MOE with specific details regarding the work completed to date on the EIA as well as addressed ongoing and future data collection and analysis. MOE is still reviewing the submission but Coalmont Energy has been in regular contact and maintains ongoing discussions with MOE regarding certain aspects of the report.

The final EIA is expected to be submitted to MOE by December 6, 2013. The EIA is a comprehensive and detailed report addressing environmental issues such as sediment characterization and deposition mapping, aquatic sampling, fish and fish habitat sampling, terrestrial environment, and human health field programs.

A community information meeting will be held after the EIA has been submitted to MOE. Representatives of Coalmont Energy Corp. and Triton Environmental Consultants will be in attendance to present the findings of final EIA and answer questions from the community and stakeholder groups. It is expected that the meeting will be scheduled during the week of December 9, 2013, with the date and time finalized once the submission date of the final report has been confirmed.