Grande Cache Coal LP

April 13, 2018

BACKGROUND

The Sales and Investment Solicitation Process related to the Grande Cache Coal (GCC) assets, managed by Deloitte Restructuring Inc. in its capacity as Court appointed receiver and manager, has been completed. The Court approved the sale of GCC’s assets to SonicField Global Limited (SonicField) on January 8, 2018 with a view to closing a transaction by the end of May 2018. SonicField has established a new company, CST Canada Coal Limited (CST Coal) to move forward with mining of the GCC property, starting with the No. 8 Mine surface operation.

UPDATE

The CST Group Extraordinary General Meeting (EGM) was held on March 28, 2018, during which the shareholders voted in favour of the Acquisition of GCC's assets.

In terms of the Alberta Energy Regulator (AER) applications, GCC received approval related to the Bulk Sampling Permit and will obtain samples for potential customers' quality testing in the coming weeks. GCC previously submitted an application to the AER to lift the licence suspension for the No. 8 Mine and the Coal Processing Plant, which is under AER review. Further, the application to transfer AER licences currently held by GCC to CST has been filed.

CST Coal and GCC management are working diligently and collaboratively on mine restart planning activities in advance of the estimated closing date. Recruitment of staff in Grande Cache and Calgary commenced in February 2018, and continues with several new hires in March 2018.

The hiring priority at the moment is for:

Heavy Duty Mechanics

GCC continues to review applications for the following positions:

Maintenance Foreman
Maintenance Planner
Surface Mine Operations Foreman
Senior Mine Engineer
Senior Geologist
Mine Engineer
Coal Quality Lab Technician
Coal Quality Field Technician
Process Plant Operations Foreman
Process Plant Maintenance Foreman
Mine Controller
Purchasing Superintendent

Qualified candidates are encouraged to express their interest by sending their resume and cover letter, clearly indicating the role they are interested in the subject line, to: employment@gccoal.com. Only candidates selected for an interview will be contacted.

Please continue to use our feedback form which was posted to the GCC website. Regular updates will continue to be posted at www.gccoal.com.

GCC appreciates your ongoing support.

February 2, 2018

Grande Cache Coal (GCC), the receiver Deloitte Restructuring Inc. and CST Canada Coal Limited, extend our sincere thank you to those who attended our Open House earlier this week. We were pleased to see such a high turn out with almost 200 people present. We would also like to thank the Leaders, Elders and members of the local Aboriginal Groups and Town Council for their time and support. We appreciate the questions and subsequent discussions from the various groups and individuals. We welcome you to submit further feedback using the following form:

As stated at the Open House and in previous announcements, restart planning activities are in-progress for the No. 8 Surface Mine. In the near term we are getting ready to recondition surface mining equipment and are accepting applications for the following roles:

Manager of Finance (Calgary based)

Mine Accountant

Heavy-duty Mechanics

Welders

Electrician

Qualified candidates are encouraged to express their interest by sending their resume and cover letter, clearly indicating the role they are interested in the subject line, to: employment@gccoal.com

Archived News

January 25, 2018

OPEN HOUSE ANNOUNCEMENT - UPDATED

Grande Cache Coal (GCC) is pleased to announce that the Sales and Investment Solicitation Process, managed by Deloitte Restructuring Inc. in its capacity as Court appointed receiver and manager, has been completed. The Court approved the sale of GCC’s assets to SonicField Global Limited (SonicField) on January 8, 2018 with a view to closing a transaction in May 2018.

SonicField has established a new company, CST Canada Coal Limited (CST Coal), which will move forward with mining of the GCC property.

As part of the Regulatory process, CST Coal must transfer coal leases, licences, approvals, dispositions, and permits currently held by GCC. No mining can occur until this process is complete. Further, CST Coal must go through the necessary steps to lift the

No. 8 Surface Mine Licence suspension and Coal Processing Plant Approval suspension to facilitate the start of mining activities. In the meantime, CST Coal will proceed with preparations to ensure that mining will commence once approvals are granted and other necessary steps are complete. Once approval is granted, CST Coal plans to proceed with mining of the No. 8 Surface Mine in accordance with the previously approved plans.

GCC, together with representatives of CST Coal, welcome your attendance at our Open House with details as follows:

Date: Wednesday, January 31, 2018

Time: 7:00 pm

Venue: Métis Hall, 3300 Pine Plaza, Grande Cache, Alberta

The purpose of the Open House is to provide Aboriginal groups, stakeholders and the general public with information and updates. Areas of focus will include:

Introductions
Corporate Update
Mine Resumption Plans
Longer Term Plans

We are committed to safe, environmentally responsible and sustainable coal development in the Grande Cache area. We invite your questions and input to our project planning.

We will have staff available during the Open House to receive expressions of interest for employment for the roles posted at www.gccoal.com.

For more information related to the Open House, please contact Whitney Kwan at our Calgary Office at (403) 767-6534 or by email at wkwan@gccoal.com.

January 18, 2018

OPEN HOUSE ANNOUNCEMENT

GCC, together with the new investor (SonicField), welcome your attendance at our Open House with details as follows:

Date: Wednesday, January 31, 2018

Time: 7:00 pm

Venue: Métis Hall, 3300 Pine Plaza, Grande Cache, Alberta

The purpose of the Open House is to provide Aboriginal groups, stakeholders and the general public with information and updates. Areas of focus will includ

Introductions
Corporate Update
Mine Resumption Plans
Longer Term Plans

We are committed to safe, environmentally responsible and sustainable coal development in the Grande Cache area. We invite your questions and input to our project planning.

We will have staff available during the Open House to receive expressions of interest for employment for the roles posted at www.gccoal.com.

For more information related to the Open House, please contact Whitney Kwan at our Calgary Office at (403) 767-6534 or by email at wkwan@gccoal.com.

January 10, 2018

Grande Cache Coal (GCC) is pleased to announce that the Sales and Investment Solicitation Process, managed by Deloitte Restructuring Inc. in its capacity as Court appointed receiver and manager (the “Receiver”), has been completed. The Court approved the sale of GCC’s assets to SonicField Global Limited on January 8, 2018 with a view to closing a transaction by the end of May 2018. For more information on the receivership process, please refer to this link:

www.insolvencies.deloitte.ca/enca/GrandeCacheCoal

GCC is in the process of confirming an Open House to provide Aboriginal communities, stakeholders and the general public with information and updates on GCC. Details will be provided to the Grande Cache Mountaineer (local newspaper) when available and it is expected that the Open House will be held in January 2018. Regular updates will also be posted at this website.

GCC appreciates your ongoing support.

January 3, 2018

Grande Cache Coal is pleased to announce that the Sales and Investment Solicitation Process, managed by Deloitte Restructuring Inc. in its capacity as Court appointed receiver and manager (the “Receiver”), has been completed. The Receiver will be seeking Court approval of a sale on January 8, 2018 with a view to closing a transaction in May 2018. For more information, please refer to the link below:

www.insolvencies.deloitte.ca/en-ca/GrandeCacheCoal

In anticipation of the proposed purchaser’s intention to restart surface operations (the No. 8 mine) following receipt of required approvals, Grande Cache Coal is now accepting expressions of interest for the following roles:

Human Resources Superintendent

Recruiter

Safety and Mine Rescue Coordinator

Maintenance Superintendent

Maintenance General Foreman

Maintenance Foreman

Maintenance Planner

Surface Mine Operations Superintendent

Surface Mine Operations Foreman

Senior Mine Engineer

Senior Geologist

Mine Engineer

Coal Quality Lab Technician

Coal Quality Field Technician

Process Plant Operations Foreman

Process Plant Maintenance Foreman

Mine Controller

Purchasing Superintendent

Buyer

Qualified candidates are encouraged to express their interest by sending their resume and cover letter, clearly indicating the role they are interested in the subject line, to: employment@gccoal.com