1. Northeast BC Coal Forum | October 11, 2012 | 1 High Quality, Premium Products

2. Northeast BC Coal Forum | October 11, 2012 | 2 Competitive Advantage Walter Energy’s mines Ridley Terminal Tumbler Ridge/Chetwynd Local population with extensive mining experience CN Rail 40 Mt/a of available capacity 950 km between port and mines Ridley Terminal 13 Mt/a capacity expanding to 24 Mt by end of 2014 $200M Capex approved 36-hours closer to Asian customers than Vancouver ports.

3. Northeast BC Coal Forum | October 11, 2012 | 3 In the Community Good corporate citizens Support for regional and community programs and events throughout the year including: – Gwilliam Lake Provincial Park upgrade – Chetwynd Chainsaw Carving Competition – Tumbler Ridge Museum Foundation – Grizfest – Youth sport programs – High school scholarships – Library programs – Donation to STARS Air Ambulance – Partnership with Telus to bring high-speed internet to Tumbler Ridge

4. Northeast BC Coal Forum | October 11, 2012 | 4 In the Community - continued We recruit from within the local area wherever possible – For example, approx. 85% of Wolverine employees recruited from local communities We operate in the Treaty 8 traditional territory and have strong business relationships with the: – McLeod Lake Indian Band – Saulteau First Nations – West Moberly First Nations Partnering with Saulteau and West Moberly First Nations on Twin Sisters Native Plant Nursery

5. Northeast BC Coal Forum | October 11, 2012 | 5 Brule Mine

6. Northeast BC Coal Forum | October 11, 2012 | 6 Brule Mine Located approximately 45 km / 28 miles south of Chetwynd, BC Open pit mine producing ultra- low volatile pulverized coal injection (ULV-PCI) coal Coal from Brule is hauled by truck to Walter Energy’s Willow Creek Mine for processing and shipping Employs 300+ employees and contractors Planned production is 2 million metric tons of clean coal per year Brule has enough coal reserves to produce at its planned rates until approximately 2023

7. Northeast BC Coal Forum | October 11, 2012 | 7 Brule Mine

8. Northeast BC Coal Forum | October 11, 2012 | 8 Willow Creek Mine