The Canadian Press
July 2, 2008 - 9:47 a.m.

LONDON, Ont. - Fortune Minerals Limited (TSX:FT) said Wednesday it is looking at strategic alternatives to advance its Mount Klappan anthracite coal project in northwest British Columbia.

The miner, based in London, Ont., said it has hired CIBC World Markets Inc. to help it look for potential strategic partners and to evaluate potential transactions.

Engineering studies of the Mount Klappan purpose’s Lost Fox deposit be the subject of contemplated a three million tonne per year mine and quagmire plant to produce a premium ultra-low volatile pulverized coal injection product.

A feasibility study update is expected to be completed this month.

Together, deposits on the participation contain measured funds of 107.9 million tonnes, indicated resources of 123 million tonnes, more 2.572 billion tonnes in the inferred and speculative classes.