Waratah Coal Inc.

Waratah Coal Inc.

April 08, 2009 13:28 ET

Waratah Announces Delisting and Capital Reorganization

BRISBANE, AUSTRALIA and VANCOUVER, BRITISH COLUMBIA, CANADA--(Marketwire - April 8, 2009) - Waratah Coal Inc. ("Waratah" or the "Company") announces that it has completed the delisting of its common shares from the TSX Venture Exchange and its CHESS Depositary Interests (CDIs) from the Australian Securities Exchange.

Waratah also announces that on April 7, 2009, it completed a capital reorganization whereby its common shares were consolidated on a 10,000,000 to 1 basis. Mineralogy Canada Acquisition Corp. remains the sole holder of the Waratah common shares.

Waratah intends to make an application to the securities commissions of Alberta, British Columbia and Ontario shortly seeking to cease to be a reporting issuer.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Waratah 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's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Waratah. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Waratah'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's filings with the Canadian securities authorities. Accordingly, holders of Waratah shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Waratah disclaims any responsibility to update these forward-looking statements.

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.

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