Coalcorp Announces Approval of Melior Resources Inc. and Stock Symbol Change

   Coalcorp Mining Inc. (TSX VENTURE: CCJ) ('Coalcorp') is pleased to announces that it has received approval from the TSX Venture Exchange to change its name to Melior Resources Inc. ('Melior').

Effective September 29th, 2011, the common shares of Melior will commence trading on TSXV under the trading symbol MLR (CUSIP 58548A1049). The Company's warrants will also commence trading on September 29th, 2011, under MLR.WT.B (CUSIP 58548A1122).

The name change better reflects the Company's strategy to invest in mining, metallurgical and mineral companies.

Forward Looking Statements Disclaimer

Forward Looking Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Such statements can typically be identified by terminology such as "may", "will", "could", "should", "expect", "potential", "plan", "anticipate", "believe", "intend", "possible", "continue", "objective" or other similar expressions concerning matters that are not historical facts. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Coalcorp does not undertake to update any forward-looking statements; such statements speak only as of the date made.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Steven Cresswell Chief Financial Officer 416-644-1217