COALSPUR MINES LTD Fundamentals in place to become a

Top Tier exporter of Thermal Coal

August 2012 TSX:CPT ASX:CPL

Contents

2

Coalspur highlights

Vista Coal Project

– Favourable geology

– High quality thermal coal

– Capital efficient

– Low operating costs

– Robust economics

– Detailed engineering design

– Development Schedule

Vista Extension

Further expansion options

Infrastructure and logistics

Development pathway

Key takeaways

Appendix

World class coal resource in a strategic

and attractive location

Multiple development options

Access to first-world, under-utilised rail

and port infrastructure (CN and Ridley

Terminals)

Solid management team in place to

develop one of the largest export thermal

coal operations in North America

Coalspur is well capitalised

Committed to operating in a responsible

and sustainable manner to ensure

consideration for the environment and

community

Unique position – combination of large,

long-life, high-quality resource, existing

logistics chain, attractive jurisdiction and

growth opportunities

Coalspur highlights

3

Favourable location

4

Coalspur’s leases cover ~ 55,000 ha

near Hinton, Alberta

Alberta is a favourable jurisdiction for

mining development (ranked top mining

jurisdiction in the world by the Fraser

Institute Survey of Mining Companies –

2010/11)

This region has hosted mining operations

for over 100 years

Infrastructure options are secure for rail

(CN) and port (Ridley Terminals)

Ridley is ~500km closer to Fukuyama,

Japan than Newcastle, Australia

Ridley provides an enviable shipping

route to Coalspur’s target markets

Alternate supplier into south east Asia

Multiple development options

5

Measured and Indicated Resource of 1.7

billion tonnes across multiple properties

Vista:

Most advanced project – large open

cut operation

Developed in two phases to

produce 12.0Mtpa of saleable coal

Vista Extension:

Provides further 3.8Mtpa potential

via underground mining

Vista South and other unexplored areas:

Provide future optionality

Lease Holdings

Vista – A large export thermal coal

operation

6

Coalspur’s flagship and most advanced project

Bankable Feasibility Study has been completed

Regulatory process is under way

High quality thermal coal favoured by Asian

utilities and end users

Optimised Feasibility Plan structured around

12.0Mtpa production, to be developed in two

phases

Phase 1 will produce 5.0Mtpa with first

production scheduled for early 2015

Phase 2 to begin construction in 2015 and

produce an incremental 7.0Mtpa by 2018

Life of mine of 28 years

Vista Forecast Saleable Production

2.3

4.2

6.3

10.9 10.8

0.6

0.6

1.1 1.3

-

2

4

6

8

10

12

14

2015 2016 2017 2018 2019

Mtp

a

Val D’Or and McPherson Seams McLeod Seam

Vista – Well understood and

favourable geology

Measured and Indicated Resource of 1.03Bn tonnes, Recoverable Reserves of 566Mt

Gently dipping (average 7 degrees) and continuous seams that subcrop near surface

Clean strip ratio of 7.2 in the first 10 years and 9.2 over LOM

ROM strip ratio of 4.0 in the first 10 years and 5.1 over LOM

Enables low risk, simple open cut mining operation using low cost dragline and truck/shovel methods 7

Vista will produce high quality bituminous thermal coal

88% of production will be 5,800kal/kg GAR

Low-ash and ultra-low sulphur

Vista coal specifications attractive to Japanese, Korean and Chinese buyers

Vista – High quality thermal coal

8

Vista Production Summary and Indicative Washed Clean Coal Specifications

Val D’Or and McPherson Seams McLeod Seam

Clean Coal Production (Mtpa) 10.5 1.5

Run of Mine Production (Mtpa) 18.4 3.5

Seam Clean Coal Yield 57.7% 42.5%

Coal Characteristics

Calorific Value kcal/kg (gar) 5,700 – 5,800 5,300 – 5,450

Total Moisture % 11.5 – 12.5% 11.5 – 12.5%

Ash Content % (gar) 9 – 11% 14 – 16%

Volatile Matter % (ad) 32 – 35% 30 – 33%

Total Sulphur % (ad) 0.30 – 0.40% 0.30 – 0.40%

Vista – Logistics secured

9

Ridley Terminals – 13.5Mtpa

Secured 9.5 Mtpa throughput allocation

14 year term commences in January 2015

Option to extend for a further seven years

Agreement for further 4.0 Mtpa, subject to

Ridley securing a fourth stacker reclaimer

CN Rail – 11.2 Mtpa MOU

CN committed to provide rail capacity up to

11.2 Mtpa beginning in 2015

MOU outlines terms to develop a high-quality

logistics supply chain to transport coal from

Vista to western Canadian ports

CN and Coalspur cooperating on design and

construction of loadout and rail siding

Definitive agreement being advanced

Vista – Capital efficient

10

Capital well understood

Early quotes for equipment tracking well

against Feasibility Study estimates

Access to rail and port infrastructure reduces

total development capital

Low capital intensity compared to other

greenfield thermal projects

~C$100/t for full 12.0Mtpa

Assessing use of contract miners:

~ 95% of mining cost is equipment

Contractors for initial years of

development and mining (estimate

capital savings of C$150-250M)

Received positive responses from four

major contractors on EOI

Coalspur Capex Summary (C$M)

Item

Capital to First Production

Incremental Capital to Full

Capacity

Site Development 48 5

Mining 216 227

Processing and Process Facilities 154 70

Processed Fines Storage Area 38 7

Load Out 103 -

Ancillary 28 6

Utilities 52 1

Construction Indirects 79 16

EPCM 44 18

Owners Costs 22 4

Contingency 86 19

Total Phase Capital Costs 870 373

Gross Capital Costs to Full Capacity 1,243

Less: First Phase Projected Cash Flows (347)

Total Capital Costs pre Mining Contractor 896

Vista – Low operating costs

11

Expect FOB cash cost of C$59.4/t in first five years of production (C$61.2/t over first 10 years)

One of the most competitive new export thermal coal developments globally

Low operating costs from low strip ratios and short haul distances

Rail and port costs all inclusive

Vista compares favourably against other greenfield thermal coal development projects

Operating costs in first 10 years of production are in first quartile

Vista Operating Cost Summary (C$/t)

Mine Schedule Years 1 – 5 Years 1 – 10

Coal & Waste Mining 20.03 22.22

Coal Handling & Processing 4.50 4.30

G&A 1.14 0.97

Mine Gate Cash Costs 25.67 27.49

Rail & Port 33.69 33.69

Total Cash Operating Cash Cost 59.36 61.18

Operating Cost Comparison of Greenfield

Thermal Coal Development Projects

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

Op

era

tin

g C

os

t ($

US

/t)

Source: UBS Research Note: Assumes CAD/US exchange rate of 0.94

Vista – Robust economics

12

Phase 1 should generate significant free cash flow which can be used to fund Phase 2 development and further

growth opportunities

LOM average operating cashflow of C$626Mpa

LOM average after tax free cash flow of C$413Mpa

Net present value of C$2.2 billion based on Wood Mackenzie forecast coal prices and CAD:USD of 0.94

Vista Economics

Mine Schedule Years 1 – 5 Years 1 – 10 LOM

Average Production (Mtpa) 7.6 9.8 11.1

Revenue (C$/t) 104.5 110.5 131.6

Mine Gate Cash Costs (C$/t) 25.7 27.5 33.9

Rail & Port (C$/t) 33.7 33.7 33.7

Average Cash Operating Costs (C$/t) 59.4 61.2 67.6

Average Operating Cash Flow (C$Mpa) 339 447 626

Average Sustaining Capital Expenditures (C$Mpa) 76 71 64

Average After Tax Free Cash Flow (C$Mpa) 125 255 413

Vista – Project underway and

on schedule

13

EPCM secured and Phase 1 detailed engineering well advanced

Public engagement and Aboriginal consultation programs ongoing

Phase 1 regulatory applications filed in April 2012

Early quotes for equipment tracking well against Feasibility Study estimates

2012 2013 2014 2015

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Detailed Engineering

Phase 1 Regulatory Process

Board Approval to Proceed with Construction

Secure Long Lead Items

Procurement, Bids, Contracts

Site Prep / Construction

Commissioning and Production

Vista Extension is contiguous with Vista

Located in the same favourable geological

structure as Vista

Expected to contain similar export quality

bituminous thermal coal

Initial resource estimate in May 2012:

174Mt Measured and Indicated Resource

969Mt Inferred Resource

Potential for an economic and technically feasible

underground longwall mine confirmed

Vista Extension provides for capital efficient

production growth

Additional production and / or longer life

Ability to leverage off infrastructure on Vista

Vista Extension – Upside to Vista

14

Low development costs of C$346 million reflect savings due to proximity to Vista

Further work on Vista Extension will follow once funding for Vista is secured

Vista Extension – Robust project

15

Scoping Study Highlights

Average ROM Production (Mtpa) 6.35

Average Saleable Production (Mtpa) 3.85

Yield 61.5%

Average Mine Gate Cost (C$/t) 24.51

Average FOB Cost (C$/t) 58.20

Initial Capital Cost (C$M) 346

Annual Sustaining Capital (C$Mtpa) 37

Average Realization FOB Ridley (C$/tonne) 102.60

Average Operating Cash Flow (C$Mtpa) 153

Average After Tax Free Cash Flow (C$Mtpa) 79

Vista Extension Next Steps Commence

Resource Definition Drilling H1 2013

Coal Quality Confirmation Testing H1 2013

Geotechnical Testing Program H1 2013

Geotechnical Report H2 2013

Pre-Feasibility Study H2 2013

Vista South

Located directly south of Vista, covering over 23,000 hectares

Extends for 25km on the northern and southern limb of the Entrance Syncline

Further development options

16

JORC/NI 43-101 Measured and

Indicated Resource of 471Mt and

Inferred Resource of 605Mt

Drill results confirm cumulative coal

intercepts of up to 23m

Future drilling planned to confirm coal

seam depth and orientation

Ability to leverage off Vista

Provides optionality for future

Two leases ~10km northwest of Vista

Same geological structure

Close proximity to existing rail

infrastructure

Development pathway

17

Coalspur well financed with over C$55 million in cash and available credit:

Detailed engineering and all regulatory work funded through to Q2 2013

Currently in discussions with strategic investment parties for Vista:

Partner to fund pro rata share of capital costs

Discussions with debt providers and coal marketing organisations to provide additional funding for

Coalspur’s capital requirements

Aiming to finalise discussions in

second half of 2012

Continued engagement with mining

contractors

Building out organisational capability

to be ready for construction in 2013

Key takeaways

18

18

Coalspur is uniquely positioned among thermal coal development companies

Large, long-life, high-quality resource across multiple properties

– Vista: two phases, strong economics, on track for first production in 2015

– Vista Extension: provides potential for further production via underground mining

– Vista South: provides future optionality

Access to an existing logistics chain and located in a favourable mining jurisdiction

– No development risk or capital required for transportation

– Port allocation secured at Ridley Terminals

– MOU in place with CN Rail

– Alberta, Canada is one of the best mining jurisdictions in the world

Well funded, and discussions with strategic partners advancing well

Committed to delivery, together with all aspects of sustainable development with an integrated approach to

safety, economic, social and environmental management and effective corporate governance

Forward looking statements

This presentation 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 development of Vista and Vista Extension, the Company’s feasibility study, the mine plan, drilling

programs, time lines and completion dates, permits and approvals, business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and

expectations, mineral reserves and resources, studies, results of exploration and related expenses. Generally, this forward-looking information can be identified by the use of forward-

looking terminology such as ‘will’, ‘expect’, ‘potential’, ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’, ‘believe’, ‘estimate’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘plan’,

‘forecast’, “evolve” or variations of such terms and similar expressions. Persons reading this presentation 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. Such factors include, without limitation, inherent uncertainties and risks

associated with mineral exploration; uncertainties related to the availability of future financing necessary to undertake activities on the Company’s properties; uncertainties related to

general economic conditions; uncertainties related to global financial conditions; risks related to the integration of businesses and assets acquired by the Company; risks associated with

the Company having no history of earnings or production revenue; uncertainties related to the possible recalculation of, or reduction in, the Company’s mineral reserves and resources;

uncertainties related to the outcome of studies to be undertaken by the Company; uncertainties relating to fluctuations in coal price; the risk that the Company’s title to its properties could

be challenged; risks related to the Company’s ability to attract and retain qualified personnel; uncertainties related to the requirement for ministerial approval for a change of control of the

Company; risks relating to consultation with the public and aboriginal groups; uncertainties related to the competitiveness of the mineral resource industry; risks associated with the

Company being subject to government regulation, including changes in regulation; risks associated with the Company being subject to environmental laws and regulations, including a

change in regulation; risks associated with the Company’s need for governmental licenses, permits and approvals; uninsured risks and hazards; risks associated with fluctuations in foreign

exchange rates; risks related to default by joint venture parties, contractors and agents; inherent risks associated with litigation; risks associated with potential conflicts of interest; risks

related to effecting service of process on directors resident in foreign countries; uncertainties related to the Company’s limited operating history; risks related to the Company’s lack of a

dividend history; risks relating to short term investments; and uncertainties related to fluctuations in the Company’s share price. Although the Company has attempted to identify important

factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or

results not to be as anticipated, estimated or intended.

In making the forward-looking statements the Company has applied several material assumptions which may prove to be incorrect, including, but not limited to, (1) that all required third

party approvals will be obtained for the development, construction and production of its properties, (2) there being no significant disruptions affecting operations, whether due to labour

disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; (3) permitting, development and expansion proceeding on a basis consistent with the Company’s

current expectations; (4) currency exchange rates being approximately consistent with current levels; (5) certain price assumptions for coal; (6) production forecasts meeting expectations;

(7) the accuracy of the Company’s current mineral resource and reserve estimates; (8) labour and materials costs increasing on a basis consistent with the Company’s current

expectations; (9) that any additional required financing will be available on reasonable terms; and (10) assumptions made and judgments used in engineering and geological interpretation.

There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward looking statements.

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.

19

Regulatory disclosures

Regulatory Disclosures

For further information regarding the Vista Coal Project and Vista Extension, including a description of Coalspur’s quality assurance program, quality control measures, the geology,

samples collected and testing procedures in respect of the projects, please refer to the technical report titled “Coalspur Mines Limited: Updated Resource Estimate for the Vista Coal

Project” dated June 21, 2012. For further information regarding the Vista South Coal Project, including a description of Coalspur’s quality assurance program, quality control measures, the

geology, samples collected and testing procedures in respect of the project, please refer to the technical report titled “Resource Estimate for the Vista South Coal Property“ dated June 25,

2012. The technical reports for the Vista Coal Project, the Vista South Coal Project, and Vista Extension are compliant with National Instrument 43-101 – “Standards of Disclosure for

Mineral Projects” (“NI 43-101”) and are available for review on SEDAR at sedar.com.

Competent Person / Qualified Person Statements

The information in this presentation that relates to Recoverable Coal Reserves, mining engineering, mining capital cost, mining operating costs, economic financial analysis, and other

scientific and technical information is based on information compiled by Mr. David Leslie, who is a Member of the Association of Professional Engineers, Geologists and Geophysicists of

Alberta. Mr. Leslie is a full-time employee of Coalspur. Mr. Leslie has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the

activity he is undertaking to qualify as a “Competent Person” as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore

Reserves' ("JORC Code"), and a “Qualified Person” under NI 43-101. Mr. Leslie has approved and consents to the inclusion of such information in this report in the form and context in

which it appears.

The information in this presentation that relates to coal quality and process yield estimates to derive Marketable Coal Reserves, operating costs and capital costs related to coal crushing,

coal handling, and infrastructure, coal crushing, handling, processing and thermal drying is based on information compiled by Mr. Gordon Mudryk, who is a Member of the Association of

Professional Engineers, Geologists and Geophysicists of Alberta. Mr. Mudryk is a full-time employee of Coalspur. Mr. Mudryk has sufficient experience which is relevant to the style of

mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a “Competent Person” as defined in the 2004 Edition of the JORC Code, and a

“Qualified Person” under NI 43-101. Mr. Mudryk has approved and consents to the inclusion of such information in this report in the form and context in which it appears.

The information in this presentation that relates to Coal Resources is based on information compiled by Mr. John Innis, who is a Member of the Association of Professional Engineers,

Geologists and Geophysicists of Alberta. Mr. Innis is a full-time employee of Coalspur. Mr. Innis has sufficient experience which is relevant to the style of mineralisation and type of deposit

under consideration and to the activity he is undertaking to qualify as a “Competent Person” as defined in the 2004 Edition of the JORC Code, and a “Qualified Person” under NI 43-101.

Mr. Innis has approved and consents to the inclusion of such information in this report in the form and context in which it appears.

20

JORC / NI 43-101

Coal Reserves & Resources

The Feasibility Study defined 313mt Marketable Coal Reserves from 566mt of Recoverable Coal Reserves

1,700mt Measured & Indicated Coal Resources from Vista, Vista South, and Vista Extension

21

JORC / NI 43-101 Compliant Coal Reserves

Coal Seam

Recoverable Coal Reserve Marketable Coal Reserve

Proven (Mt)

Probable (Mt)

Proven & Probable

(Mt) Proven

(Mt) Probable

(Mt)

Proven & Probable

(Mt)

Val D’Or and McPherson 429.3 45.9 475.2 248.5 26.5 275.0

McLeod 74.4 16.0 90.3 31.5 6.9 38.4

Coalspur Total Reserves 503.7 61.8 565.5 280.0 33.3 313.4

JORC / NI 43-101 Compliant Coal Resources

Measured (Mt)

Indicated (Mt)

Measured & Indicated

(Mt) Inferred

(Mt)

Vista Coal Project 686.0 369.9 1,055.9 460.9

Vista Extension 6.5 167.2 173.7 969.3

Vista South Coal Project 210.6 259.9 470.5 604.5

Coalspur Total Resources 903.1 797.0 1,700.1 2,034.7

Corporate information

SHARE STRUCTURE

Fully Paid Ordinary Shares 620.7 million

Market Cap Undiluted (@C$0.80) C$497 million

Fully Diluted Shares Outstanding 687.7 million

Market Cap Diluted (@C$0.80) C$550 million 22

ANALYST COVERAGE

RBC Capital Markets – Robin Kozar

Dundee Securities – David Charles

Salman Partners – Mike Plaster

BMO Capital Markets – Meredith Bandy

Patersons Securities Limited – Andrew Harrington

SHARE PRICE PERFORMANCE (TSX:CPT) SIGNIFICANT SHAREHOLDERS

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1,000

$0.00

$0.25

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$0.75

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$2.50

27-Oct-10 11-Apr-11 3-Oct-11 27-Feb-12 9-Aug-12V

olu

me

('000

)

Sh

are

Pri

ce (C

$)

Volume Price

Highland Park Group (ex.

Lion Ore)22.7%

Deans Knight5.2%

Directors,

Management and Strategic

Investors

22.1.%

Institutional

and Retail Investors

50.0%

Significant Shareholders

0

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Global Seaborne Thermal Coal Trade

Strong market fundamentals

23

Wood Mackenzie CAGR: 4.1%

Growth in seaborne thermal coal has increased by 10% annually between 1978 and 2010

Wood Mackenzie projects that seaborne thermal coal trade will surpass 1 billion tonnes per year by 2020

Despite currently decreased thermal coal spot prices, forward prices are trending significantly higher

SEABORNE THERMAL COAL TRADE NEWCASTLE FORWARD CURVE

$85

$90

$95

$100

$105

$110

$115

$US

/to

nn

e

Swap NEWC Closing Curve (Mid-Point)

Source: globalCOAL Source: EIA

Increasing global demand

Source: EIA

24

GLOBAL COAL DEMAND – 8 BILLION TONNES CHINA THERMAL COAL IMPORTS

Coal continues to be a major base load energy source for future energy production in the developing

world

China imported 140Mt of coal in the first half of 2012, up 66% from the same period in 2011

Source: Wood Mackenzie, GTIS, sxcoal, globalCOAL

0

5

10

15

20

25

Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Apr-12

Mo

nth

ly Im

po

rts

(Mt)

China Thermal Imports

Australian Imports Indonesian Imports Other Imports

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9

2000 2002 2004 2006 2008 2010

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Global Coal Production

China United States India

Indonesia World

CALGARY OFFICE Suite 1000, 550 11th Avenue SW

Calgary AB

T2R 1M7

CANADA

HINTON OFFICE 114 Jasper Street P.O. Box 6146

Hinton AB

T7V 1X5

CANADA

GILL WINCKLER – PRESIDENT & CEO +1 403 261 9997 ASX:CPL TSX:CPT