Cline Mining Corporation T.CMK

RE: WTN's a coming?

[socalbernie]

I would prefer that they just buy our BC assets while we keep the gem in Colorado. We need cash. They want assets in BC close to their current operations.

John Hogg, President & CEO AGM Remarks

Moving forward, we have 3 objectives to becoming a major global coal company:

1) Maximize the growth potential at each of our mines.
2) Grow our company through further acquisitions. We feel there are opportunities out
there which are close to our current operations that make a lot of sense.
3) We want to be a coal company. We believe the world needs coal. We believe there is a
shortage of top quality coal. We believe we can deliver that coal and earn superior returns
doing so. That means we need to focus our attention on coal.

Chairman’s 2009 AGM Remarks

With the production curtailments taken by coal producers and the recent increase in demand, the spot price of hard coking coal is once again on the uptick. It is currently over US$170 per tonne (and climbing).There is just not enough supply to meet current demands. Much has been made of the rising levels of coking coal imports into China, which is now forecast to be over 25 million tonnes this calendar year versus the4 million imported in China all of last year, but there have also been increases in demand from Korea and Japan with mills there now operating at over 90% of capacity. All this bodes well for the price of coal for next year’s contracts. Some industry analysts are forecasting over US$160 per tonne for coking coal. I believe if the steel industry recovery continues at the same rate as the past six months, prices will exceed these expectations.