LA FRANCIA I COAL MINE

Coalcorp Mining Inc.is providing its fourteenth Default Status Report in accordance with National Policy 12-203: Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”). The Company filed its Second Quarter Interim Financials on August 19, 2009. However it remains delayed in filing its Third Quarter Interim Financials and so the management cease trade order imposed on the Chief Executive Officer and the former Chief Financial Officer of the Company remains in effect. The Company is in the process of finalizing the Third Quarter Interim Financials and expects to release those in the near term. 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 Mining announced that it has declared force majeure under its mining services contract with the Company’s mine operator and ordered the temporary suspension of its mining operations in the La Francia coal mine. The force majeure was declared as a result of the notification by one of main customers that it is unable to accept coal shipments as a result of mechanical issues associated with shiploading at the Santa Marta port.

CoalCorp Mining reported the total tonnes of material mined at La Francia during the three and nine month period ended March 31, 2009 was 4.6 million Banked Cubic Meters (“BCM”) and 9.4 million BCM, respectively, compared to 2.9 million BCM and 9.3 million BCM for the same periods in the prior year. This represents an increase in total material mined of 59% for the three month period, and 1% increase for the nine month period.