Coalspur Mines Limited reported unaudited consolidated earnings results for the third quarter ended March 31, 2013. For the quarter, the company reported that its net loss attributable to members of the company was CAD 4,649,942 or 0.73 cents per share compared to CAD 5,540,529 or 0.80 cents per share a year ago.

Coalspur Mines Limited reported consolidated cash flows for the quarter ended March 31, 2013. For the period, the company’s net operating cash flows used in was $3,395,000. Payment for purchases of other fixed assets was $134,000.

Coalspur Mines Limited has entered into binding agreements with EIG Global Energy Partners to provide a senior secured debt facility of up to CAD 350 million. Proceeds from the Facility are expected to fund the majority of development capital for Stage 1 of the Company's Vista Coal Project, which has an estimated capital cost of CAD 445 million. Vista Stage 1 will produce approximately three million tonnes per annum of clean coal with production commencing in 2015. The Facility gives Coalspur access to funding which allows Vista to maintain its development schedule. Construction is expected to commence following regulatory approval, which is expected at approximately the same time as shareholder approval of the funding arrangements. With the majority of Vista Stage 1 funding secured and the coal marketing and off-take rights retained, Coalspur has preserved Vista's strategic value for shareholders. Coalspur will continue to advance joint venture, marketing and off-take arrangements with interested parties to secure the remaining funding for Vista. These discussions will be given further impetus by the continued development of Vista, the expected satisfaction of further development milestones and the support of EIG, and Coalspur's major shareholder Borrowdale Park.