Canadian Warrants

Each warrant entitles the holder to purchase one common share of the company at a price of $1.60 per share at any time prior to 3 p.m. (Calgary time) on Aug. 11, 2008.

The warrants are governed by the terms of a warrant indenture to be dated Aug. 9, 2007, between the company and Computershare Trust Co. of Canada as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

Grande Cache calls 5.5 million warrants to trade

2006-04-05 19:15 ET - Warrants Called to Trade
TSX bulletin 2006-0386
The following trader note was issued by the Toronto Stock Exchange on April 5,
2006, at 8:39:

Further to Toronto Stock Exchange bulletins 2006-0361 and 2006-0344, dated
March 30, 2006, and March 28, 2006, respectively, the prospectus offering has now
closed. Trading on an if, as and when-issued basis in the common shares and
common share purchase warrants of Grande Cache Coal Corp. will cease effective
immediately. All trading in the additional common shares will continue under the
regular symbol GCE and trading in the warrants will continue under the trading
information below. Trading of both the common shares and warrants will be on a
regular three-day settlement basis. The symbol GCE.W will be halted for the
remainder of the day and will be delisted at the close today.

An additional 10 million common shares of the company were listed at the open on
April 5, 2006. The listing covers common shares forming part of the 10 million units
to be sold to the public at a price of $2.70 per unit pursuant to the terms of a
prospectus dated March 29, 2006. Each unit consists of one common share and
one-half of a common share purchase warrant (the warrant), each whole warrant
entitling the holder to acquire one common share at a price of $3.40 at any time up
to 3 p.m. (Calgary time), on April 5, 2007. The units will separate immediately upon
the closing of the public offering.

A total of 5.5 million warrants of the company were listed and posted for trading at
the open on April 5, 2006, under the following information:

Symbol:  GCE.WT
Cusip No.:  38655X 30 3

Trading:  Canadian dollars
Designated market-maker:  Canaccord Capital Corp.
Transfer agent and registrar:  Computershare Trust Company at its principal office
in Toronto and Calgary
Other markets:  None

The warrants are governed by the terms of a warrant indenture dated April 5, 2006,
between the company and Computershare Trust Co. as trustee. The warrant
indenture provides for appropriate adjustments to the warrants in the event of stock
dividends, subdivisions, consolidations and other forms of capital reorganization.