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Coalcorp Announces Filing of First Quarter Financials and MD&A

Financials

NEWS RELEASE

COALCORP ANNOUNCES FILING OF FIRST QUARTER FINANCIALS AND MD&A

TORONTO, Nov 29, 2010 – Coalcorp Mining Inc. (“Coalcorp” or the “Company”) (TSX VENTURE:CCJ.H) announces that it filed today its financial statements, and related management discussion and analysis for the three month period ending September 30th, 2010 (the “Financials”).

A copy of the Financials are available on the SEDAR website at www.sedar.com and the Company’s website at www.coalcorp.ca.

ABOUT COALCORP

The board of directors of the Company has adopted a new business strategy for the Company which is intended to capitalize on the Board’s and management’s expertise and capital and allow the Company to invest in, and aid growth in, projects in the mining, metallurgical and mineral industries. Coalcorp currently holds investments in Formation Metals Inc. and Gold Hawk Resources Inc. Further information can be obtained under the Company’s profile at www.sedar.com.

FOR FURTHER INFORMATION

Steven Cresswell Interim Chief Executive Officer 416-644-1217

Neither 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.