BRISBANE, AUSTRALIA--(Marketwire - October 30, 2008) - Waratah Coal
(TSX VENTURE: WCI) (Waratah) has been named Queensland Explorer of
the Year at the Mining 2008 conference in Brisbane.
Waratah CEO and President Peter Lynch and Company Chairman Nick
Mather accepted the award last night in Brisbane, from the Deputy
Director General of the Queensland Department of Mines and Energy,
Stuart Booker.
Figure 1: Mr Stuart Booker, Mr Peter Lynch, Mr Stewart McDonald
(Mining 2008) & Mr Nick Mather (L to R)
To view Figure 1, please visit the Waratah Coal website:
www.waratahcoal.com.
Mr Lynch said it was a great honour for Waratah to be acknowledged by
the Queensland mining sector.
"For a relatively young Company like Waratah to receive this award is
a tremendous recognition of our accomplishments," he said.
"Waratah has secured a world-class thermal coal resource in the
Galilee Basin in Central Queensland as well as a suite of other coal
exploration tenements."
The Company this year announced plans for a $5.3 billion coal
project.
Waratah plans to open up the Galilee Basin, a currently undeveloped
thermal coal province near the town of Alpha, in Central Queensland.
Waratah's exploration to date has delineated more than four billion
tonnes of Inferred thermal coal Resources.
The proposed large scale mine would be linked to a new coal terminal
on the Central Queensland coast by a railway line which would be open
to third party users and free up costly bottlenecks already
inhibiting Australia's coal industry.
Waratah's Galilee Basin Project has been declared a significant
project by the Queensland Government.
Brisbane-based Waratah is listed on the Toronto Stock Exchange (TSX)
in Canada and a dual listing on the Australian Stock Exchange (ASX)
is due on the 7th November, 2008.
Waratah's senior management all have long, established careers
working for some of Australia's largest resources companies.
This press release does not constitute an offer to sell or a
solicitation to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended ("the U.S. Securities Act")
or any state securities law and may not be offered or sold in the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Cautionary language:
Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words
such as "expects", "projects", "plans", "anticipates" and similar
expressions, are forward-looking information that represents
management of Waratah Coal's internal projections, expectations or
beliefs concerning, among other things, future operating results and
various components thereof or the economic performance of Waratah
Coal. The projections, estimates and beliefs contained in such
forward-looking statements necessarily involve known and unknown
risks and uncertainties, which may cause Waratah Coal's actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks
and uncertainties include, among other things, those described in
Waratah Coal's filings with the Canadian securities authorities.
Accordingly, holders of Waratah Coal shares and potential investors
are cautioned that events or circumstances could cause results to
differ materially from those predicted. Waratah Coal disclaims any
responsibility to update these forward-looking statements.
Contacts:
Waratah Coal Inc.
Peter Lynch
President and CEO
+61 7 3303 0692
Email: plynch@waratahcoal.com
Waratah Coal Inc.
Liam Behnke
Investor Relations - Australia
+61 7 3303 0676
Email: lbehnke@waratahcoal.com
Website: www.waratahcoal.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
