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Finning Awarded Exclusive Supplier Contract Renewal From Coal Valley Resources Inc. and Prairie Mines & Royalty Ltd.

Monday, March 15th, 2010

Finning International Inc. (TSX:FTT) announced that its Canadian division, Finning (Canada), has secured an extension of its exclusive supplier agreement with Coal Valley Resources Inc. and Prairie Mines & Royalty Ltd. to 2015.
Under the original 5-year contract, Finning (Canada) was the exclusive supplier of mine support equipment and associated parts, accessories, attachments and services, including equipment technology for Coal Valley Resources Inc. and Prairie Mines & Royalty Ltd.’s surface coal mining operations in Alberta. The contract renewal extends this agreement from 2010 to 2015.
“We are very pleased with this contract renewal and look forward to continuing to work with Coal Valley Resources Inc. and Prairie Mines & Royalty Ltd. The extension of our exclusive supplier agreement demonstrates both the confidence that our customers have in Finning and our organization’s commitment to providing a high level of service,” said Dave Parker, president of Finning (Canada).
Coal Valley Resources Inc. and Prairie Mines & Royalty Ltd. are collectively the largest producers of thermal coal in Canada. They collectively operate 10 surface mines located in the provinces of Alberta and Saskatchewan producing bituminous, sub-bituminous and lignite thermal coals.
(Ref 922)

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