Vancouver, B.C. July 31, 2006 ? Western Canadian Coal Corp. (TSX: WTN & WTN.DB and AIM: WTN) (the ?Company? or ?Western?) is pleased to announce the start-up of its Wolverine Mine in northeastern British Columbia, effective July 26, and the signing of a long-term port services agreement with Ridley Terminals Inc.
?Start-up is proceeding well and the plant is processing hard coking coal.? said John Hogg, Chief Operating Officer of Western, ?Our operations staff and contractors have done a great job bringing the project into production on time, on budget, and with an excellent safety record.?
?This is the second mine Western has brought into production on time and on budget in 20 months.? added Gary Livingstone, President and CEO, ?It is a credit to the outstanding performance of our management team and dedicated employees.?
More than 300 people are currently active on site at the Wolverine Mine. The mine is expected to produce 1.35 million tonnes of hard coking coal in the Company?s fiscal year ending March 31, 2007 and in excess of 2.5 million tonnes in the next fiscal year. The Company will be loading the first train of Wolverine hard coking coal next month, followed by the first shipment from Ridley Terminals in September 2006.
The port services agreement with Ridley Terminals Inc. is for an initial term of 10 years, expiring in March 2015. The agreement provides the Company with the option Western Canadian Coal to extend the contract for two additional five-year terms. This, combined with the Company?s contract with CN Rail, completes the link that enables the reliable delivery of coal to customers.
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?sproducts; 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.
WESTERN CANADIAN COAL CORP. ?Gary K. Livingstone? President and Chief Executive Officer. For further information please contact: Gary K. Livingstone, President & CEO or Fausto Taddei, CFO & Corporate Secretary, Western Canadian Coal Corp., 900 ? 580 Hornby Street, Vancouver, B.C. V6C 3B6 CANADA Phone 604-608-2692 Fax 604-629-0075 Email email@example.com, www.westerncoal.com