Natasa Mining Limited Update re Coal Leases (6132O)

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RNS Number : 6132O

Natasa Mining Limited

12 October 2012

12 October 2012

Natasa Mining Ltd

("Natasa" or the "Company")

Update re Coal Bearing Leases

Natasa is pleased to announce that on 3 October 2012 the Government of Alberta, Canada granted to it additional coal bearing leases over 19,008 Ha at Fox Creek, Alberta ("New Leases")

The New Leases are in addition to the Company's existing leases which cover 22,633 Ha at Fox Creek.

The Area covered by the New Leases was originally extensively drilled by Shell Canada Limited which, in 1991, identified 543 million tonnes of in place coal resources. These resources are not currently compliant with the Canadian NI 43-101 guidelines ("Guidelines").

As previously announced, Natasa's Fox Creek Coal Project, prior to the grant of the New Leases, contained a measured, indicated and inferred resource totalling 870 million tonnes (of which 777 million tonnes are measured and indicated) which is compliant with the Guidelines.

Following the grant of the New Leases, the coal resources in the Company's Fox Creek Coal Project now total approximately 1.4 billion tonnes.

The Company will continue its current exploration and development programme, and will extend this to include the area covered by the New Leases.

-ENDS-

Enquiries:

Natasa Mining Ltd

Chrisilios Kyriakou, Executive Chairman

Telephone: [phone]

www.natasamining.com

Angela Hallett / James Spinney

Strand Hanson Limited

Telephone: [phone]

Philip Haydn-Slater/Paul Dudley

HD Capital Partners LLP

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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