GRANDE CACHE COAL 
By
Pursuant to the Arrangement, the Purchaser acquired all of
the issued and outstanding common shares of the Corporation
at a cash price of C$10.00 per share, for a total cash
consideration of approximately C$1.0 billion. Any questions
and requests for assistance in surrendering certificates
representing shares of Grande Cache Coal in order to receive
consideration for such shares may be directed to the office
of the depositary, Computershare Investor Services Inc. at
1-
800-564-6253 or if outside North America, 1-514-982-7555 or
by e-mail at corporateactions@computershare.com.
Non-registered shareholders should contact their broker
or other intermediary for details.
De-listing of the common shares from the Toronto Stock
Exchange is expected to occur shortly.
About Grande Cache Coal
Grande Cache Coal is an Alberta based metallurgical coal
mining company whose experienced team of coal professionals
are managing a mine that produces metallurgical coal for the
steel industry and holds coal leases covering over 29,000
hectares containing an estimated 346 million tonnes of coal
resources in the Smoky River Coalfield located in
west-central Alberta. Grande Cache Coal's common shares
are listed on the Toronto Stock Exchange under the trading
symbol "GCE".
For further information, please contact:
Ian Bootle
Vice President, Finance and Chief Financial Officer
Grande Cache Coal Corporation Suite 1610, 800 - 5th Avenue
S.W. Calgary, Alberta T2P 3T6
Canada
Telephone: (403) 543-7070
Facsimile: (403) 543-7092 www.gccoal.com
LEGAL_CAL:10337918.2 201202240830
Forward-Looking Statement Advisory
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words
"expect", "anticipate",
"continue", "estimate",
"objective", "ongoing", "may",
"will", "project", "should",
"believe", "plans", "intends"
and similar expressions are intended to identify
forward-looking statements or information. More particularly
and without limitation, this news release contains
forward-looking statements and information concerning the
anticipated timing of for de-listing the common shares of
Grande Cache Coal.
In respect of the forward-looking statements and information
concerning the anticipated timing for de-listing of the
common shares, Grande Cache Coal has provided such in
reliance on certain assumptions that it believes are
reasonable at this time, including assumptions as to the
fulfillment of all conditions necessary to de-list. These
dates may change for a number of reasons, including the need
for additional time to satisfy the conditions to de-list.
Accordingly, readers should not place undue reliance on the
forward-looking statements and information contained in this
news release concerning these times.
Risks and uncertainties inherent in the nature of the
Arrangement include the failure of Grande Cache Coal, the
Purchaser or Winsway to obtain necessary approvals, or to
otherwise satisfy the conditions to the Arrangement, in a
timely manner, or at all. Failure to so obtain such
approvals, or the failure of Grande Cache Coal, the Purchaser
or Winsway to otherwise satisfy the conditions to the
Arrangement, may result in the Arrangement not being
completed on the proposed terms, or at all. In addition, the
failure of Grande Cache Coal to comply with the terms of the
arrangement agreement may result in Grande Cache Coal being
required to pay a non-completion or other fee to the
Purchaser, the result of which could have a material adverse
effect on Grande Cache Coal's financial position and
results of operations and its ability to fund growth
prospects and current operations.
Readers are cautioned that the foregoing list of factors is
not exhaustive. Additional information on other factors that
could affect the operations or financial results of Grande
Cache Coal are included in reports on file with applicable
securities regulatory authorities, including but not limited
to, Grande Cache Coal's Annual Information Form for the
fiscal year ended March 31,
2011 which may be accessed on Grande Cache Coal's SEDAR
profile at www.sedar.com.
The forward-looking statements and information contained in
this news release are made as of the date hereof and Grande
Cache Coal undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
LEGAL_CAL:10337918.2 201202240830
