CCJ Coalcorp Mining

Coalcorp Mining Inc. (TSX VENTURE:CCJ) ("Coalcorp") announces that the TSX
Venture Exchange ("TSXV") has approved the issuance of shares of Coalcorp
("Shares") in accordance with the terms of a share compensation agreement (the
"Agreement") entered into with Coalcorp's Chief Executive Officer, Mr. Richard
Lister.


Pursuant to the Agreement, Mr. Lister's base salary will be paid in the form of
Shares. The number of Shares issuable each month will be calculated based on the
volume weighted average trading price of the Shares on the TSXV for the five
trading days immediately preceding the applicable payment date. The aggregate
number of Shares issued or issuable pursuant to the Agreement in any year will
not exceed 1% of the issued and outstanding Shares from time to time. The Shares
will be subject to a hold period of four months in accordance with the policies
of the TSXV.

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