Mining Investments-Coal Mine Exploration and Producer, Waratah Coal Enters Into Investor Relations Agreement

Waratah Coal Inc. is pleased to announce that it has retained the services of Mr. Michael Joyner to conduct investor relations services for the Company.

Mr. Joyner will receive a fee of $115,000 per annum. The term of the contract is 12 months. The Company will also grant an option to Mr. Joyner to purchase 175,000 common shares of the Company at $2.90 per share for a five year period, subject to regulatory approval. The options will vest in equal stages over 18 months.

The Company also announces that, further to its press release of July 15, 2008, it has paid a success fee of AUS$500K payable through the issuance of 146,040 shares of the Company at a price of C$3.36 per share to an arm’s length third party for their assistance to Waratah in attaining the Queensland Government’s declaration of state significance for the Company’s mine, rail, and port project.