July 19, 2018

AN UPDATE FROM CST CANADA COAL LIMITED

 CST Canada Coal Limited (CST Coal) is pleased to announce that the Alberta Energy Regulator (AER) has approved the transfer of all licenses, permits, approvals and dispositions from Grande Cache Coal Corporation and Grande Cache Coal Limited Partnership (collectively, GCC) to CST Coal. CST Coal is now the permit holder of the former GCC mine property. Further, CST Coal has been given authorization from the AER to resume operations at the No. 8 Mine Surface Operation and Coal Processing Plant. CST Coal currently has a workforce of over 90 employees that will commence mining in the surface pit imminently with coal processing operations to follow in the coming weeks.

We will continue to post updates at www.gccoal.com while we construct a new website at www.cstcoal.ca. We anticipate that the new website will be operational by the end of July.

We want to extend a sincere thank you to all of you for your continued support as the mine resumes operations. We are committed to safe and responsible mining in the Grande Cache area.

Take advantage of this excellent opportunity to work close to home with our great team!

We are seeking committed individuals who are looking for challenging opportunities in an environment where teamwork, innovation and expertise are valued.

We offer competitive compensation and benefits with work rotations that allow time to enjoy a balanced lifestyle.

We are accepting resumes for the following roles:

Mine Controller, Accounting

Long Range Planning Engineer

Environmental Technician

Plant Operators

Heavy Equipment Operators

Electrical Foreman

Certified Heavy Duty Mechanics

Certified Electricians

Certified Millwrights

If you are interested in working with a dedicated group of professionals, please submit your resume and cover letter, clearly indicating the role you are interested in the Subject line, to:

employment@cstcoal.ca or Fax 1-888-233-9979

In support of our commitment to providing a healthy and safe workplace for its employees, all successful candidates must pass a pre-employment medical and a drug and alcohol test.

We thank all applicants for their interest; however, only those considered for an interview will be contacted.

May 3, 2018

BACKGROUND

The Sales and Investment Solicitation Process related to the Grande Cache Coal (GCC) assets, managed by Deloitte Restructuring Inc. (the Receiver) 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

CST Coal has applied to the Alberta Energy Regulator (AER) to transfer all permits, licences, approvals, dispositions, and existing applications currently held by GCC to CST Coal. GCC’s application to the AER to lift the licence suspension for the No. 8 Mine and the Coal Processing Plant, is under AER review. CST Coal and GCC management continue to work diligently and collaboratively on mine restart planning and preparation activities in advance of the estimated closing date.

GCC, together with CST Coal and the Receiver, appreciate your ongoing support.

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: