Elk Valley Coal Partnership

Elk Valley Coal Partnership

January 23, 2006 23:59 ET

Elk Valley Coal Reaches New Four-Year Labour Agreement at Line Creek

CALGARY--(CCNMatthews - Jan. 23) - Fording Canadian Coal Trust (TSX: FDG.UN, NYSE: FDG) today announced that Elk Valley Coal and Local 115C of the International Union of Operating Engineers agreed to a new four-year collective agreement at the Line Creek operations in southeast British Columbia. The agreement covers the period from June 1, 2005 to May 31, 2009. The Line Creek operations have an annual production capacity of approximately 3.5 million tonnes of coal.

About Fording

Fording Canadian Coal Trust is an open-ended mutual fund trust. Through investments in metallurgical coal and industrial minerals mining and processing operations, the Trust makes quarterly cash distributions to unitholders. The Trust, through its wholly owned subsidiaries, holds a 60% interest in the Elk Valley Coal Partnership and is the world's largest producer of the industrial mineral wollastonite. Elk Valley Coal, comprised of Canada's senior metallurgical coal mining properties, is the world's second largest exporter of metallurgical coal, supplying high-quality coal products to the international steel industry. The Trust's shares are traded on the Toronto Stock Exchange under the ticker symbol FDG.UN and on the New York Stock Exchange under the symbol FDG.

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