Coalcorp Announces Filing of First Quarter Interim Financials

NEWS RELEASE

COALCORP ANNOUNCES FILING OF FIRST QUARTER INTERIM FINANCIALS

TORONTO, Friday, February 5, 2010 – Coalcorp Mining Inc. (“Coalcorp” or the “Company”) (TSX-CCJ) announces that it filed today its first quarter interim financial statements and related management discussion and analysis (MD&A) for the three month period ended September 30, 2009 (the “Q1 Financials”). A copy of the Q1 Financials is available on the SEDAR website at www.sedar.com and the Company’s website at www.coalcorp.ca.

As announced on February 3, 2010, the Company will be delayed in filing its second quarter interim financial statements and related MD&A for the six month period ended December 31, 2009 (the “Q2 Financials”) beyond the filing deadline of February 15, 2010. The Company is in the process of preparing the Q2 Financials and expects to release such statements in March.

About Coalcorp

Coalcorp is a coal mining, exploration and development company with interests in the La Francia coal mine and related infrastructure projects and a number of coal exploration properties, all located in Colombia. Coalcorp also holds a 60% equity interest in Carbones Colombianos del Cerrejon which owns the La Caypa coal mine in Colombia. Further information can be obtained by visiting our website at www.coalcorp.ca or under the Company’s profile at www.sedar.com.

Forward Looking Statements Disclaimer

Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. 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.

FOR FURTHER INFORMATION

Juan Carlos Gomez, Interim Chief Executive Officer +57 – 1 – 658 – 5050 Ext: 9990