Fortbridge Media Release

Celsius Coal [ASX: CLA] - Celsius market study confirms very strong outlook for coking coal in neighbouring Xinjuan Province, China

Celsius Coal Limited (ASX: CLA) has completed its first phase Xinjiang coal market study with the assistance of independent consultants Bryanston Resources GmbH (Bryanston). The study analysed in excess of 20 coal customers in the Xinjiang province, which neighbours the Kyrgyz Republic. It also involved direct visits to selected key target customers for discussions on coal usage and logistics.

Celsius completes first phase Xinjiang coking coal market study:

� A large demand and supply �gap� for coking coal exists in Xinjiang (which neighbours the Kyrgyz Republic) and this gap is widening
� Current prices for premium coking coals in Xinjiang are higher than seaborne prices
� Independent expert forecasts the Xinjiang price of premium hard coking coal to rise from US$145 per tonne to US$235 per tonne by 2017
� Rapid growth in blast furnace steel making capacity and lack of adequate local resources of coking coal are driving the positive market dynamic in Xinjiang
� Celsius Coal uniquely positioned to capitalise on coal sale opportunities into the Xinjiang market

Executive Chairman, Alexander Molyneux said �The study confirms our understanding that a significant supply gap for premium coking coals exists in the region, leading to the potential for a far more positive market dynamic in Xinjiang than the current outlook for seaborne coking coals�. Technical and Operations Director, Alistair Muir added �the information we have gained is a valuable piece in our overall market analysis review and can be used to help optimise our mine planning studies�.

With a development stage coal resource in the Kyrgyz Republic, where project studies are progressing with a view to assessing road and rail production scenario�s into the neighbouring Xinjiang market, Celsius is well positioned to capitalise on opportunities in the Xinjiang market.

Please see the attached announcement for more details.

For further information, please contact:

Mr. Ranko Matic
Company Secretary
Tel: +61 (0) 8 9226 4500

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