BNP Paribas and lending syndicate arrange US$75 million project financing for Western Canadian Coal's Perry Creek Coal Project

On August 21, 2006, Western Canadian Coal Corp. announced that it had concluded a debt financing package with BNP Paribas and a syndicate of lenders to provide up to $75 million of debt to finance the completion and start up of the Company's wholly-owned Wolverine Mine Project in northeastern British Columbia, Canada. BNPP, a global leader in mine project financing and one of the world's largest banks, has syndicated the loan package to BNP Paribas (Canada), Commonwealth Bank of Australia, CIT Financial Limited, Nordkap Bank AG, and N M Rothschild & Sons Limited. Fasken Martineau advised the syndicate of lenders with a team comprised of Brian Wright, John Turner and David Johnson.